Real Estate Investing in Mackville, Kentucky (40040)
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Should you buy in 40040 (Mackville, KY)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 22.5% of homes vacant — above national norms.
- Elevated poverty: 56.6% poverty rate — can affect rent collection.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Mackville, KY (40040)?
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Market Analysis: 40040 Mackville
ZIP 40040 in Mackville, KY carries a durable set of headwinds. Home values near $253K and rents of $1,233/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $253K asset, 40040 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within KY, ZIP 40040 trails on several market indicators that neighboring Washington County submarkets outperform. The gap is real and solid enough to shape underwriting.
The 40040 ZIP's population of 703 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
Experienced landlords with local relationships tend to find 40040 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 Mackville:
Market Trends
Home Value History (with trend line)
📊 How Does 40040 Compare?
| Metric | 40040 | Mackville | Kentucky |
|---|---|---|---|
| Home Value | $253,498 | $253,498 | $225,788 |
| 5-Year CAGR | 7.0% | 7.0% | 6.9% |
| Avg Rent | $1,233 | $1,233 | - |
| Cap Rate | 3.8% | 3.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 40040 (Mackville, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $253,498 |
| Monthly Rent | $1,233 |
| Price-to-Rent | 17.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 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 (3.8%). 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 40040
Population: 703
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
Frequently Asked Questions
Are rents high in Mackville, KY?
Mackville, KY rentals go for roughly $1,233/mo a month. That puts gross yield in solid territory relative to $253K acquisition costs.
How strong is the working-renter base in Mackville, KY?
Tenant demand in Mackville, KY is solid. The local workforce $1,233/mo rents across most rental classes.
What is the typical vacancy rate in Mackville, KY?
Occupancy in Mackville, KY runs consistent with elevated vacancy. Well-priced units at $1,233/mo lease on reasonable timelines.
Is Mackville, KY suited for a house hack?
For house hackers, Mackville, KY is a challenging. The $1,233/mo rent on a unit helps defray the mortgage on a $253K property.
Is real estate in Mackville, KY a good investment right now?
Mackville, KY rates 3.0/5 for investability. With median values at $253K and rents near $1,233/mo, the market offers reasonable fundamentals for rental investors.
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