Real Estate Investing in Bardstown, Kentucky (40107)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40107 (Bardstown, 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: 9.7% 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 Bardstown, KY (40107)?
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Market Analysis: 40107 Bardstown
The 40107 ZIP covers a section of Bardstown that demands careful diligence. Prices near $253K look accessible, but the work to make a deal cash flow is real.
Rent of $882/mo on a $253K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 40107 sits below the stated 0.0% once reality is priced in.
ZIP 40107's metrics run below Nelson County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Looking more closely, 1,981 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. impressive returns are possible in 40107, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Bardstown:
Property Strategy for 40107
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $192,856 | $980 | 3.7% | +5.7% | $96,428 |
| 3BR | $297,187 | $1,310 | 3.2% | +7.5% | $99,062 |
| 4BR | $373,121 | $1,640 | 3.2% | +7.4% | $93,280 |
Market Trends
Home Value History (with trend line)
📊 How Does 40107 Compare?
| Metric | 40107 | Bardstown | Bardstown, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $252,598 | $259,930 | N/A | $225,788 |
| 5-Year CAGR | 4.5% | 5.4% | N/A | 6.9% |
| Avg Rent | $882 | $963 | N/A | - |
| Cap Rate | 2.7% | 2.9% | - | - |
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 40107 (Bardstown, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $252,598 |
| Monthly Rent | $882 |
| Price-to-Rent | 23.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (2.7%). 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 40107
Population: 1,981
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 40107
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
Investor Insight: With 4,001 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the median home value in Bardstown, KY?
Typical homes in Bardstown, KY go for around $253K. The 5-year CAGR of 0.0% measured price movement.
Is house hacking profitable in Bardstown, KY?
House hacking works a challenging in Bardstown, KY. Rents of $882/mo against $253K acquisition make the strategy solid for owner-occupants.
How strict are landlord regulations in Bardstown, KY?
Bardstown, KY operates under KY law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
How tight is the rental market in Bardstown, KY?
Vacancy risk in Bardstown, KY is elevated. That supports even-keeled cash flow for typical rental holds.
What monthly rent should investors expect in Bardstown, KY?
Rental rates in Bardstown, KY average $882/mo. Tenant demand and $253K home values make the yield look reasonable by investor standards.
You know 40107 now. You don’t know where it ranks.
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How 40107 ranks in Bardstown, KY
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