Real Estate Investing in Centertown, Kentucky (42328)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 42328 (Centertown, 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 Centertown, KY (42328)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 42328 Centertown
ZIP 42328 inside Ohio County looks affordable on the surface — median value of $136K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $136K asset, 42328 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within KY, ZIP 42328 trails on several market indicators that neighboring Ohio County submarkets outperform. The gap is real and durable enough to shape underwriting.
The 42328 ZIP's population of 1,176 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Centertown:
Market Trends
Home Value History (with trend line)
📊 How Does 42328 Compare?
| Metric | 42328 | Centertown | Kentucky |
|---|---|---|---|
| Home Value | $136,406 | $136,406 | $225,788 |
| 5-Year CAGR | 6.7% | 6.7% | 6.9% |
| Avg Rent | $882 | $882 | - |
| Cap Rate | 5.0% | 5.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 42328 (Centertown, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $136,406 |
| Monthly Rent | $882 |
| Price-to-Rent | 12.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.8% |
| Cap Rate | 5.0% |
| 5-Year IRR | 11.8% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +1.3% ▲ |
🏠 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 (5.0%). 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 42328
Population: 1,176
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 42328
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
What investment strategy works best in Centertown, KY?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Centertown, KY. The numbers - $136K homes against $882/mo rents - support that play.
How much rent can I charge in Centertown, KY?
The typical rental in Centertown, KY commands about $882/mo monthly. That rent profile consistent cash flow against the $136K purchase basis.
What are home prices like in Centertown, KY?
Typical homes in Centertown, KY go for around $136K. The 5-year CAGR of 0.0% stable price movement.
How do landlord-tenant laws work in Centertown, KY?
Rental owners in Centertown, KY deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Does Centertown, KY make sense for an investment property?
Investors tracking Centertown, KY will find a 3.0/5 rating supported by $136K median home values and $882/mo rents. That profile suits long-term holders targeting reliable returns.
You know 42328 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 42328 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.
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