Real Estate Investing in Saint Francis, Kentucky (40062)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40062 (Saint Francis, KY)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated poverty: 100.0% poverty rate — can affect rent collection.
- High price-to-rent: Price-to-rent ratio 25.9 — hard to cash-flow at these prices.
- Lower household income: $21,250 median — tenant affordability is tighter.
• 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 Saint Francis, KY (40062)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 40062 Saint Francis
Not every below-median market is a bargain. Saint Francis's 40062 ZIP stands at signals that favor experienced operators who can absorb the risk $243K pricing implies.
The 40062 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 40062's metrics run below Marion County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 40062 ZIP's population of 235 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Saint Francis:
Market Trends
Home Value History (with trend line)
📊 How Does 40062 Compare?
| Metric | 40062 | Saint Francis | Kentucky |
|---|---|---|---|
| Home Value | $242,957 | $242,957 | $225,788 |
| 5-Year CAGR | 9.0% | 9.0% | 6.9% |
| Avg Rent | $783 | $783 | - |
| Cap Rate | 2.5% | 2.5% | - |
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 40062 (Saint Francis, KY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 40062 (Saint Francis, KY)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $242,957 |
| Monthly Rent | $783 |
| Price-to-Rent | 25.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +8.8% ▲ |
| 5-Year CAGR | +9.0% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 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 (2.5%). 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 40062
Population: 235
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
How strong are rents in Saint Francis, KY?
Expect rents around $783/mo per month in Saint Francis, KY. With home values at $243K, the yield math works out to reasonable levels for rental investors.
How tight is the rental market in Saint Francis, KY?
Vacancy in Saint Francis, KY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $783/mo.
Should investors consider Saint Francis, KY?
Saint Francis, KY reflects an investability rating of 3.0/5, with median home values near $243K and average rents around $783/mo. That combination puts it in the sturdy tier for investor interest.
What strategy should investors use in Saint Francis, KY?
In Saint Francis, KY the notable play is typically careful cash-flow rentals with hands-on management. The combination of $243K prices and $783/mo rents suits that approach.
Is the tenant base reliable in Saint Francis, KY?
Saint Francis, KY offers a stable renter base at the $783/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 40062 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 40062 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.
AI Market Advisor
Ask questions about investing in 40062 (Saint Francis)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 40062 (Saint Francis, KY).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.