Real Estate Investing in Manitou, Kentucky (42413)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 42413 (Manitou, 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 Manitou, KY (42413)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 42413 Manitou
The 42413 ZIP in Manitou, KY is a local-operator market. Outside capital chasing a $247K entry has to pair deep knowledge with the discount.
For an experienced owner, 42413 can be a a strong candidate for hunting ground — but the discount at $247K reflects genuine risk that outside investors often underestimate.
The gap between 42413 and stronger Manitou ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 42413 includes headwinds that any investor should price in. Income distribution skews lower than Manitou averages, and tenant stability requires active management.
The 42413 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 Manitou:
Market Trends
Home Value History (with trend line)
📊 How Does 42413 Compare?
| Metric | 42413 | Manitou | Madisonville, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $246,796 | $236,857 | N/A | $225,788 |
| 5-Year CAGR | 6.9% | 7.6% | N/A | 6.9% |
| Avg Rent | $963 | $923 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 42413 (Manitou, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $246,796 |
| Monthly Rent | $963 |
| Price-to-Rent | 21.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (3.0%). 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 42413
Population: 2,667
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 42413
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 2,188 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of market is Manitou, KY for investors?
Our data puts Manitou, KY at 3.0/5 for investability. Home prices of $247K and rents around $963/mo create a solid backdrop for investor activity.
How high is vacancy risk in Manitou, KY?
Vacancy risk in Manitou, KY is elevated. That supports consistent cash flow for typical rental holds.
Does house hacking work in Manitou, KY?
House hacking in Manitou, KY is reasonable to execute. Prices around $247K and rents of $963/mo solid owner-occupant economics.
How much does a house cost in Manitou, KY?
In Manitou, KY the median home value sits at $247K. Against the broader KY market, that reads as reasonable for most investors.
How strong are rents in Manitou, KY?
The typical rental in Manitou, KY commands about $963/mo monthly. That rent profile stable cash flow against the $247K purchase basis.
You know 42413 now. You don’t know where it ranks.
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How 42413 ranks in Madisonville, KY
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