Real Estate Investing in Hawesville, Kentucky (42348)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 42348 (Hawesville, KY)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.2% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Hawesville, KY (42348)?
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Market Analysis: 42348 Hawesville
ZIP 42348 in Hawesville, KY carries a healthy set of headwinds. Home values near $212K and rents of $918/mo sit inside a market where underwriting has to be tight.
The 42348 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within KY, ZIP 42348 trails on several market indicators that neighboring Hancock County submarkets outperform. The gap is real and solid enough to shape underwriting.
The 42348 ZIP's population of 4,709 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
Strategically, 42348 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Hawesville:
Property Strategy for 42348
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $150,709 | $1,020 | 4.9% | +7.7% | $75,354 |
| 3BR | $225,874 | $1,350 | 4.3% | +7.4% | $75,291 |
| 4BR | $261,053 | $1,350 | 3.7% | +7.2% | $65,263 |
Market Trends
Home Value History (with trend line)
📊 How Does 42348 Compare?
| Metric | 42348 | Hawesville | Owensboro, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $212,163 | $212,163 | N/A | $225,788 |
| 5-Year CAGR | 8.0% | 8.0% | N/A | 6.9% |
| Avg Rent | $918 | $918 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 42348 (Hawesville, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $212,163 |
| Monthly Rent | $918 |
| Price-to-Rent | 19.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +12.6% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +8.0% ▲ |
| 10-Year CAGR | +8.7% ▲ |
🏠 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 (3.4%). 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 42348
Population: 4,709
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 42348
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.
Frequently Asked Questions
How does Hawesville, KY rate as a rental market?
Hawesville, KY rates 3.0/5 for investability. With median values at $212K and rents near $918/mo, the market offers reasonable fundamentals for rental investors.
How quickly do rentals get leased in Hawesville, KY?
Vacancy risk in Hawesville, KY is elevated. That supports even-keeled cash flow for typical rental holds.
Is Hawesville, KY landlord-friendly?
KY law landlord-friendly for landlords, and Hawesville inherits those rules. Investors should still review local ordinances for rental licensing.
How deep is the rental pool in Hawesville, KY?
Expect a solid tenant pool in Hawesville, KY. The rental market absorbs $918/mo rents without meaningful friction.
What is the typical rental rate in Hawesville, KY?
The typical rental in Hawesville, KY commands about $918/mo monthly. That rent profile stable cash flow against the $212K purchase basis.
You know 42348 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 42348 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 42348 ranks in Owensboro, KY
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