Real Estate Investing in Manitou, Kentucky (42436)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 42436 (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 (42436)?
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Market Analysis: 42436 Manitou
This part of Hopkins County is not an easy win. The 42436 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Looking more closely, the numbers look inviting — $227K purchase price, 0.0% nominal cap — the work to hit that pro forma in 42436 is substantial and deserves full respect.
Statewide comparisons place 42436 among KY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 42436 ZIP's population of 1,460 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
New investors are better served looking at Manitou's stable or hybrid ZIPs before stepping into 42436. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Manitou:
Market Trends
Home Value History (with trend line)
📊 How Does 42436 Compare?
| Metric | 42436 | Manitou | Madisonville, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $226,919 | $236,857 | N/A | $225,788 |
| 5-Year CAGR | 8.3% | 7.6% | N/A | 6.9% |
| Avg Rent | $882 | $923 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 42436 (Manitou, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $226,919 |
| Monthly Rent | $882 |
| Price-to-Rent | 21.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | +7.5% ▲ |
| 5-Year CAGR | +8.3% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 42436
Population: 1,460
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
🎓 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
How does Manitou, KY rate as a rental market?
Manitou, KY rates 3.0/5 for investability. With median values at $227K and rents near $882/mo, the market offers reasonable fundamentals for rental investors.
How much do tenants pay in Manitou, KY?
Rent in Manitou, KY is around $882/mo. The resulting rent-to-value relationship with $227K pricing is reasonable for most investor models.
How expensive is real estate in Manitou, KY?
Median home price in Manitou, KY is near $227K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
What is the best play in Manitou, KY?
Manitou, KY investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($227K prices, $882/mo rents) make it a reasonable choice.
Are there empty rentals in Manitou, KY?
Manitou, KY sees elevated vacancy, which is reasonable relative to the broader KY rental market.
You know 42436 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 42436 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 42436 ranks in Madisonville, KY
Every ZIP in this metro, ranked. Free.
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