Real Estate Investing in Elk Horn, Kentucky (42733)
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Should you buy in 42733 (Elk Horn, KY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 19.6% of homes vacant — above national norms.
- Elevated poverty: 23.7% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Elk Horn, KY (42733)?
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Market Analysis: 42733 Elk Horn
Not every below-median market is a bargain. Elk Horn's 42733 ZIP stands at signals that favor experienced operators who can absorb the risk $227K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $227K asset, 42733 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 42733 among KY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 42733 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 42733 is an operator game, not a passive one. Stepping back, entry prices of $227K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Elk Horn:
Market Trends
Home Value History (with trend line)
📊 How Does 42733 Compare?
| Metric | 42733 | Elk Horn | Campbellsville, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $226,883 | $226,883 | N/A | $225,788 |
| 5-Year CAGR | 8.6% | 8.6% | N/A | 6.9% |
| Avg Rent | $783 | $783 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 42733 (Elk Horn, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $226,883 |
| Monthly Rent | $783 |
| Price-to-Rent | 24.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 11.3% |
📈 Home Appreciation
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +9.0% ▲ |
| 5-Year CAGR | +8.6% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (2.7%). 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 42733
Population: 1,797
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
Frequently Asked Questions
How should investors approach Elk Horn, KY?
Most investors in Elk Horn, KY run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Are tenants stable in Elk Horn, KY?
Elk Horn, KY draws a consistent base of working renters. Demand at the $783/mo rent level is reasonable for standard single-family and small multi rentals.
What is the typical rental rate in Elk Horn, KY?
Investors in Elk Horn, KY typically see rents near $783/mo per month against $227K home values - a solid setup for rental cash flow.
How do home values compare in Elk Horn, KY?
Homes in Elk Horn, KY typically sell near $227K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
How does Elk Horn, KY stack up for property investment?
Elk Horn, KY posts an investability rating of 3.0/5, with median home values near $227K and average rents around $783/mo. That combination puts it in the durable tier for investor interest.
You know 42733 now. You don’t know where it ranks.
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How 42733 ranks in Campbellsville, KY
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