Real Estate Investing in Utica, Kentucky (42376)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 42376 (Utica, 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 Utica, KY (42376)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 42376 Utica
The 42376 ZIP in Utica, KY is a local-operator market. Outside capital chasing a $251K entry has to pair deep knowledge with the discount.
In practical terms, the numbers look inviting — $251K purchase price, 0.0% nominal cap — the work to hit that pro forma in 42376 is substantial and deserves full respect.
The gap between 42376 and stronger Utica ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 42376 ZIP's population of 6,800 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
The 42376 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 Utica:
Property Strategy for 42376
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $156,305 | $1,040 | 4.8% | +9.0% | $78,153 |
| 3BR | $254,974 | $1,350 | 3.8% | +7.7% | $84,991 |
| 4BR | $362,351 | $1,390 | 2.8% | +6.9% | $90,588 |
Market Trends
Home Value History (with trend line)
📊 How Does 42376 Compare?
| Metric | 42376 | Utica | Owensboro, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $251,256 | $251,256 | N/A | $225,788 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 6.9% |
| Avg Rent | $936 | $936 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 42376 (Utica, KY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 42376 (Utica, KY)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $251,256 |
| Monthly Rent | $936 |
| Price-to-Rent | 22.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +3.6% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (2.9%). 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 42376
Population: 6,800
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 42376
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 2,548 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is real estate in Utica, KY a good investment right now?
Utica, KY rates 3.0/5 for investability. With median values at $251K and rents near $936/mo, the market offers reasonable fundamentals for rental investors.
Where do rents currently stand in Utica, KY?
The typical rental in Utica, KY commands about $936/mo monthly. That rent profile stable cash flow against the $251K purchase basis.
How quickly do rentals get leased in Utica, KY?
Utica, KY carries elevated vacancy risk. Expect consistent absorption at market rents of $936/mo.
Does house hacking make sense in Utica, KY?
House hacking works a challenging in Utica, KY. Rents of $936/mo against $251K acquisition make the strategy solid for owner-occupants.
What real estate strategy is ideal for Utica, KY?
For Utica, KY, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 42376 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 42376 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 42376 ranks in Owensboro, KY
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 42376 (Utica)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 42376 (Utica, KY).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.