Real Estate Investing in Herndon, Kentucky (42236)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 42236 (Herndon, KY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 14.5% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Herndon, KY (42236)?
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Market Analysis: 42236 Herndon
The 42236 ZIP covers a section of Herndon that demands careful diligence. Prices near $256K look accessible, but the work to make a deal cash flow is real.
Looking more closely, the numbers look inviting — $256K purchase price, 0.0% nominal cap — the work to hit that pro forma in 42236 is substantial and deserves full respect.
The gap between 42236 and stronger Herndon ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
On balance, 853 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. impressive returns are possible in 42236, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Herndon:
Market Trends
Home Value History (with trend line)
📊 How Does 42236 Compare?
| Metric | 42236 | Herndon | Clarksville, TN-KY | Kentucky |
|---|---|---|---|---|
| Home Value | $255,846 | $207,987 | N/A | $225,788 |
| 5-Year CAGR | 6.8% | 5.9% | N/A | 6.9% |
| Avg Rent | $999 | $999 | N/A | - |
| Cap Rate | 3.1% | 4.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 42236 (Herndon, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $255,846 |
| Monthly Rent | $999 |
| Price-to-Rent | 21.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +1.9% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 42236
Population: 853
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 42236
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,248 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average monthly rent in Herndon, KY?
Rent in Herndon, KY is around $999/mo. The resulting rent-to-value relationship with $256K pricing is reasonable for most investor models.
What kind of vacancy should I budget for in Herndon, KY?
Occupancy in Herndon, KY runs even-keeled with elevated vacancy. Well-priced units at $999/mo lease on reasonable timelines.
Is real estate in Herndon, KY a good investment right now?
Herndon, KY scores 3.0/5 for investability. Home values sit at $256K and rents near $999/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How strict are landlord regulations in Herndon, KY?
Herndon, KY operates under KY law, which is landlord-friendly overall for landlords. Expect consistent treatment in typical lease and eviction cases.
What is the average home sale price in Herndon, KY?
Expect median prices around $256K in Herndon, KY. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
You know 42236 now. You don’t know where it ranks.
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How 42236 ranks in Clarksville, TN-KY
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