Real Estate Investing in Bethelridge, Kentucky (42516)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 42516 (Bethelridge, 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.
- Elevated vacancy: 8.6% vacancy may signal weakening demand.
- Lower household income: $39,133 median — tenant affordability is tighter.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Bethelridge, KY (42516)?
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Market Analysis: 42516 Bethelridge
The 42516 ZIP covers a section of Bethelridge that demands careful diligence. Prices near $168K look accessible, but the work to make a deal cash flow is real.
The investment case in 42516 is sturdy only for operators who understand what they are buying. A $168K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader KY picture, 42516 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Turning to rents, 616 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategically, 42516 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Bethelridge:
Market Trends
Home Value History (with trend line)
📊 How Does 42516 Compare?
| Metric | 42516 | Bethelridge | Kentucky |
|---|---|---|---|
| Home Value | $167,937 | $167,937 | $225,788 |
| 5-Year CAGR | 10.4% | 10.4% | 6.9% |
| Avg Rent | $783 | $783 | - |
| Cap Rate | 3.6% | 3.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 42516 (Bethelridge, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $167,937 |
| Monthly Rent | $783 |
| Price-to-Rent | 17.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 14.0% |
📈 Home Appreciation
| 1-Year | +16.4% ▲ |
| 3-Year CAGR | +10.5% ▲ |
| 5-Year CAGR | +10.4% ▲ |
| 10-Year CAGR | +9.6% ▲ |
🏠 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 (3.6%). 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 42516
Population: 616
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 2,848 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Bethelridge, KY?
Typical homes in Bethelridge, KY go for around $168K. The 5-year CAGR of 0.0% measured price movement.
Does Bethelridge, KY make sense for an investment property?
The 3.0/5 investability rating in Bethelridge, KY reflects its $168K prices and $783/mo rents. Investors generally consider it a solid option within KY.
Are renters plentiful in Bethelridge, KY?
Working renters make up the core of the Bethelridge, KY tenant base. The pool is reasonable for investors targeting long-term holds.
What does house hacking look like in Bethelridge, KY?
For house hackers, Bethelridge, KY is a challenging. The $783/mo rent on a unit helps defray the mortgage on a $168K property.
What is it like being a landlord in Bethelridge, KY?
KY ranks as a landlord-friendly state for landlord-tenant law. Bethelridge generally follows the statewide framework, so landlords face reasonable operating rules.
You know 42516 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 42516 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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