Real Estate Investing in Raywick, Kentucky (40060)
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Should you buy in 40060 (Raywick, 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 poverty: 21.1% poverty rate — can affect rent collection.
- High price-to-rent: Price-to-rent ratio 25.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Raywick, KY (40060)?
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Market Analysis: 40060 Raywick
Not every below-median market is a bargain. Raywick's 40060 ZIP reports signals that favor experienced operators who can absorb the risk $263K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 40060 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 40060 and stronger Raywick ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 40060 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 40060 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 Raywick:
Market Trends
Home Value History (with trend line)
📊 How Does 40060 Compare?
| Metric | 40060 | Raywick | Kentucky |
|---|---|---|---|
| Home Value | $262,856 | $262,856 | $225,788 |
| 5-Year CAGR | 9.5% | 9.5% | 6.9% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 2.6% | 2.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 40060 (Raywick, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $262,856 |
| Monthly Rent | $873 |
| Price-to-Rent | 25.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 12.1% |
📈 Home Appreciation
| 1-Year | +10.6% ▲ |
| 3-Year CAGR | +9.3% ▲ |
| 5-Year CAGR | +9.5% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 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 (2.6%). 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 40060
Population: 1,278
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What are vacancy rates like in Raywick, KY?
Raywick, KY sees elevated vacancy, which is reasonable relative to the broader KY rental market.
Where do rents currently stand in Raywick, KY?
Investors in Raywick, KY typically see rents near $873/mo per month against $263K home values - a solid setup for rental cash flow.
Which real estate strategy fits Raywick, KY?
The best-fit strategy in Raywick, KY is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Does Raywick, KY favor landlords or tenants?
Raywick, KY operates under KY law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
Are homes affordable in Raywick, KY?
Raywick, KY home values average about $263K. That price point suits investors targeting rentals with $873/mo in monthly income.
You know 40060 now. You don’t know where it ranks.
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