Real Estate Investing in Bardstown, Kentucky (40004)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40004 (Bardstown, 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.
What’s happening in Bardstown, KY (40004)?
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Market Analysis: 40004 Bardstown
The 40004 ZIP in Bardstown, KY is a local-operator market. Outside capital chasing a $267K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $267K asset, 40004 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 40004 sits on the difficult end of the KY spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 40004 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 40004 is an operator game, not a passive one. Put differently, entry prices of $267K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Bardstown:
Property Strategy for 40004
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $153,458 | $790 | 3.7% | +7.4% | $153,458 |
| 2BR | $190,358 | $1,030 | 3.9% | +7.9% | $95,179 |
| 3BR | $256,287 | $1,380 | 3.9% | +8.3% | $85,429 |
| 4BR | $387,551 | $1,730 | 3.2% | +7.2% | $96,888 |
| 5BR | $476,629 | — | — | +6.9% | $95,326 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 40004 Compare?
| Metric | 40004 | Bardstown | Bardstown, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $267,263 | $259,930 | N/A | $225,788 |
| 5-Year CAGR | 6.3% | 5.4% | N/A | 6.9% |
| Avg Rent | $1,044 | $963 | N/A | - |
| Cap Rate | 3.1% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 40004 (Bardstown, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $267,263 |
| Monthly Rent | $1,044 |
| Price-to-Rent | 21.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (3.1%). 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 40004
Population: 30,345
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 40004
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.
Frequently Asked Questions
Are there empty rentals in Bardstown, KY?
Expect elevated vacancy in Bardstown, KY. Rents at $1,044/mo are absorbed by the tenant base without meaningful lag.
Are tenants stable in Bardstown, KY?
Tenant demand in Bardstown, KY is solid. The local workforce $1,044/mo rents across most rental classes.
What are home prices like in Bardstown, KY?
Typical homes in Bardstown, KY go for around $267K. The 5-year CAGR of 0.0% predictable price movement.
What is it like being a landlord in Bardstown, KY?
Bardstown, KY operates under KY law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
How much rent can I charge in Bardstown, KY?
The typical rental in Bardstown, KY commands about $1,044/mo monthly. That rent profile predictable cash flow against the $267K purchase basis.
You know 40004 now. You don’t know where it ranks.
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How 40004 ranks in Bardstown, KY
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