Real Estate Investing in Crestwood, Kentucky (40014)
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Should you buy in 40014 (Crestwood, 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.
- High price-to-rent: Price-to-rent ratio 30.5 — hard to cash-flow at these prices.
What’s happening in Crestwood, KY (40014)?
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Market Analysis: 40014 Crestwood
The 40014 ZIP in Crestwood, KY is a local-operator market. Outside capital chasing a $476K entry has to pair deep knowledge with the discount.
Looking more closely, the numbers look inviting — $476K purchase price, 0.0% nominal cap — the work to hit that pro forma in 40014 is substantial and deserves full respect.
Regionally, 40014 sits on the difficult end of the KY spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
The 40014 ZIP's population of 23,039 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
The 40014 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Crestwood:
Property Strategy for 40014
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $244,647 | $1,390 | 4.1% | +6.5% | $122,323 |
| 3BR | $389,254 | $1,790 | 3.3% | +6.8% | $129,751 |
| 4BR | $549,464 | $2,070 | 2.7% | +6.8% | $137,366 |
| 5BR | $709,048 | — | — | +7.1% | $141,810 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 40014 Compare?
| Metric | 40014 | Crestwood | Kentucky |
|---|---|---|---|
| Home Value | $475,843 | $475,843 | $225,788 |
| 5-Year CAGR | 5.3% | 5.3% | 6.9% |
| Avg Rent | $1,300 | $1,300 | - |
| Cap Rate | 2.1% | 2.1% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 40014 (Crestwood, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $475,843 |
| Monthly Rent | $1,300 |
| Price-to-Rent | 30.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 (2.1%). 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 40014
Population: 23,039
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 40014
Schools in This ZIP Code
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
Buckner Elementary School
Oldham County Middle School
Buckner Alternative High School
The Robert L. Arvin Education Center
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 real estate in Crestwood, KY a good investment right now?
Crestwood, KY scores 3.0/5 for investability. Home values sit at $476K and rents near $1,300/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What kind of tenants rent in Crestwood, KY?
Tenant quality in Crestwood, KY ranks as solid. Landlords generally report consistent occupancy at market rents of $1,300/mo.
Do landlords face vacancy issues in Crestwood, KY?
Expect elevated vacancy in Crestwood, KY. Rents at $1,300/mo are absorbed by the tenant base without meaningful lag.
Does house hacking work in Crestwood, KY?
House hacking works a challenging in Crestwood, KY. Rents of $1,300/mo against $476K acquisition make the strategy solid for owner-occupants.
What investment strategy works best in Crestwood, KY?
Most investors in Crestwood, 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.
You know 40014 now. You don’t know where it ranks.
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How 40014 ranks in Louisville/Jefferson County, KY-IN
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