Real Estate Investing in Simpsonville, Kentucky (40067)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40067 (Simpsonville, 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.
- High price-to-rent: Price-to-rent ratio 27.4 — 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 Simpsonville, KY (40067)?
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Market Analysis: 40067 Simpsonville
Investors eyeing 40067 need to respect the fundamentals at play. Home values of $408K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $408K asset, 40067 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 40067 sits on the difficult end of the KY spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
The 40067 ZIP's population of 6,253 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
New investors are better served looking at Simpsonville's stable or hybrid ZIPs before stepping into 40067. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Simpsonville:
Property Strategy for 40067
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $231,735 | $1,380 | 4.3% | +8.0% | $115,868 |
| 3BR | $331,911 | $1,750 | 3.8% | +6.3% | $110,637 |
| 4BR | $559,939 | $2,050 | 2.6% | +7.3% | $139,985 |
Market Trends
Home Value History (with trend line)
📊 How Does 40067 Compare?
| Metric | 40067 | Simpsonville | Kentucky |
|---|---|---|---|
| Home Value | $408,187 | $480,788 | $225,788 |
| 5-Year CAGR | 3.5% | 4.3% | 6.9% |
| Avg Rent | $1,242 | $1,391 | - |
| Cap Rate | 2.4% | 2.3% | - |
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 40067 (Simpsonville, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $408,187 |
| Monthly Rent | $1,242 |
| Price-to-Rent | 27.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | +1.9% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 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 (2.4%). 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 40067
Population: 6,253
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 40067
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What monthly rent should investors expect in Simpsonville, KY?
Average rent in Simpsonville, KY is approximately $1,242/mo per month. Against $408K home values that yields a reasonable rent-to-price ratio.
How should investors approach Simpsonville, KY?
In Simpsonville, KY the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $408K prices and $1,242/mo rents suits that approach.
Should investors consider Simpsonville, KY?
With a 3.0/5 investability score, Simpsonville, KY ranks as a solid market for rental property investors. Median prices of $408K and rents of $1,242/mo drive the underlying numbers.
How do home values compare in Simpsonville, KY?
Homes in Simpsonville, KY typically sell near $408K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
What is the tenant pool like in Simpsonville, KY?
The tenant pool in Simpsonville, KY is solid, supported by local employment and population fundamentals. Rents of $1,242/mo are well-absorbed by the market.
You know 40067 now. You don’t know where it ranks.
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How 40067 ranks in Louisville/Jefferson County, KY-IN
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