Real Estate Investing in Bedford, Kentucky (40006)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40006 (Bedford, 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: 12.7% of homes vacant — above national norms.
- Elevated poverty: 21.3% 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 Bedford, KY (40006)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 40006 Bedford
ZIP 40006 in Bedford, KY carries a significant set of headwinds. Home values near $248K and rents of $963/mo sit inside a market where underwriting has to be tight.
The investment case in 40006 is significant only for operators who understand what they are buying. A $248K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Turning to rents, 40006 offers a low basis, the region around Bedford has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 40006 ZIP's population of 4,900 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
Distressed ZIPs reward experience. durable returns are possible in 40006, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Bedford:
Market Trends
Home Value History (with trend line)
📊 How Does 40006 Compare?
| Metric | 40006 | Bedford | Kentucky |
|---|---|---|---|
| Home Value | $248,122 | $248,122 | $225,788 |
| 5-Year CAGR | 7.9% | 7.9% | 6.9% |
| Avg Rent | $963 | $963 | - |
| 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 40006 (Bedford, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $248,122 |
| Monthly Rent | $963 |
| Price-to-Rent | 21.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +7.9% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 40006
Population: 4,900
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 40006
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
Frequently Asked Questions
Is Bedford, KY good for landlords?
Bedford, KY falls under KY landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How strong is the working-renter base in Bedford, KY?
The renter base in Bedford, KY is reasonable for the $963/mo price point. Screening well and pricing to market typically yields stable tenants.
What does house hacking look like in Bedford, KY?
For house hackers, Bedford, KY is a challenging. The $963/mo rent on a unit helps defray the mortgage on a $248K property.
What monthly rent should investors expect in Bedford, KY?
Average rent in Bedford, KY is approximately $963/mo per month. Against $248K home values that yields a reasonable rent-to-price ratio.
What is the average home sale price in Bedford, KY?
Typical homes in Bedford, KY go for around $248K. The 5-year CAGR of 0.0% stable price movement.
You know 40006 now. You don’t know where it ranks.
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