Real Estate Investing in Eminence, Kentucky (40019)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40019 (Eminence, 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.
- Elevated vacancy: 8.2% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Eminence, KY (40019)?
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Market Analysis: 40019 Eminence
The 40019 ZIP covers a section of Eminence that demands careful diligence. Prices near $231K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 40019 can be a an appealing option for hunting ground — but the discount at $231K reflects genuine risk that outside investors often underestimate.
In the broader KY picture, 40019 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 40019 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 40019 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Eminence:
Property Strategy for 40019
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $153,297 | $1,070 | 5.0% | +7.0% | $76,648 |
| 3BR | $221,819 | $1,390 | 4.5% | +7.7% | $73,940 |
| 4BR | $288,366 | $1,590 | 4.0% | +6.9% | $72,092 |
Market Trends
Home Value History (with trend line)
📊 How Does 40019 Compare?
| Metric | 40019 | Eminence | Kentucky |
|---|---|---|---|
| Home Value | $230,844 | $230,844 | $225,788 |
| 5-Year CAGR | 6.6% | 6.6% | 6.9% |
| Avg Rent | $963 | $963 | - |
| Cap Rate | 3.3% | 3.3% | - |
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 40019 (Eminence, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $230,844 |
| Monthly Rent | $963 |
| Price-to-Rent | 20.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 (3.3%). 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 40019
Population: 4,109
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 40019
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
Is Eminence, KY a smart market for rental property?
With a 3.0/5 investability score, Eminence, KY ranks as a solid market for rental property investors. Median prices of $231K and rents of $963/mo drive the underlying numbers.
What approach is best for Eminence, KY real estate?
The best-fit strategy in Eminence, KY is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Where do rents currently stand in Eminence, KY?
Investors in Eminence, KY typically see rents near $963/mo per month against $231K home values - a solid setup for rental cash flow.
What kind of tenants rent in Eminence, KY?
Tenant quality in Eminence, KY ranks as solid. Landlords generally report reliable occupancy at market rents of $963/mo.
How quickly do rentals get leased in Eminence, KY?
Eminence, KY carries elevated vacancy risk. Expect predictable absorption at market rents of $963/mo.
You know 40019 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 40019 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.
How 40019 ranks in Louisville/Jefferson County, KY-IN
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