Real Estate Investing in Lewisport, Kentucky (42351)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 42351 (Lewisport, 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.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Lewisport, KY (42351)?
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Market Analysis: 42351 Lewisport
The 42351 ZIP in Lewisport, KY is a local-operator market. Outside capital chasing a $210K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $210K asset, 42351 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader KY picture, 42351 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 42351 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 42351 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Lewisport:
Property Strategy for 42351
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $148,896 | $1,020 | 4.9% | +9.1% | $74,448 |
| 3BR | $220,160 | $1,350 | 4.4% | +7.5% | $73,387 |
| 4BR | $297,631 | $1,350 | 3.3% | +7.4% | $74,408 |
Market Trends
Home Value History (with trend line)
📊 How Does 42351 Compare?
| Metric | 42351 | Lewisport | Owensboro, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $209,723 | $209,723 | N/A | $225,788 |
| 5-Year CAGR | 6.0% | 6.0% | 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 42351 (Lewisport, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $209,723 |
| Monthly Rent | $918 |
| Price-to-Rent | 19.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 42351
Population: 4,580
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 42351
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
Is Lewisport in KY worth investing in?
Our data puts Lewisport, KY at 3.0/5 for investability. Home prices of $210K and rents around $918/mo create a solid backdrop for investor activity.
Do rentals sit vacant long in Lewisport, KY?
Expect elevated vacancy in Lewisport, KY. Rents at $918/mo are absorbed by the tenant base without meaningful lag.
Does house hacking work in Lewisport, KY?
House hacking in Lewisport, KY is reasonable to execute. Prices around $210K and rents of $918/mo solid owner-occupant economics.
What is the average home sale price in Lewisport, KY?
Expect median prices around $210K in Lewisport, KY. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
What monthly rent should investors expect in Lewisport, KY?
Average rent in Lewisport, KY is approximately $918/mo per month. Against $210K home values that yields a reasonable rent-to-price ratio.
You know 42351 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 42351 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 42351 ranks in Owensboro, KY
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