Real Estate Investing in Cloverport, Kentucky (40111)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40111 (Cloverport, KY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 14.8% of homes vacant — above national norms.
- Higher unemployment: 9.0% unemployment — tenant risk signal.
- Lower household income: $38,438 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cloverport, KY (40111)?
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Market Analysis: 40111 Cloverport
From an investor standpoint, ZIP 40111 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $120K median. It rewards specialists, not generalists.
Put differently, the numbers look inviting — $120K purchase price, 0.0% nominal cap — the work to hit that pro forma in 40111 is substantial and deserves full respect.
ZIP 40111's metrics run below Breckinridge County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A solid renter share of 26% in 40111 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 40111 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 Cloverport:
Property Strategy for 40111
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $80,816 | $870 | 7.8% | +8.0% | $40,408 |
| 3BR | $146,985 | $1,200 | 5.9% | +6.9% | $48,995 |
Market Trends
Home Value History (with trend line)
📊 How Does 40111 Compare?
| Metric | 40111 | Cloverport | Kentucky |
|---|---|---|---|
| Home Value | $119,816 | $119,816 | $225,788 |
| 5-Year CAGR | 9.4% | 9.4% | 6.9% |
| Avg Rent | $783 | $783 | - |
| Cap Rate | 5.1% | 5.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 40111 (Cloverport, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $119,816 |
| Monthly Rent | $783 |
| Price-to-Rent | 12.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.8% |
| Cap Rate | 5.1% |
| 5-Year IRR | 14.5% |
📈 Home Appreciation
| 1-Year | +26.7% ▲ |
| 3-Year CAGR | +11.9% ▲ |
| 5-Year CAGR | +9.4% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (5.1%). 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 40111
Population: 2,121
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 40111
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.
Frequently Asked Questions
What is the average monthly rent in Cloverport, KY?
Average rent in Cloverport, KY is approximately $783/mo per month. Against $120K home values that yields a reasonable rent-to-price ratio.
Is the tenant base reliable in Cloverport, KY?
Cloverport, KY draws a steady base of working renters. Demand at the $783/mo rent level is reasonable for standard single-family and small multi rentals.
What investment strategy works best in Cloverport, KY?
The best-fit strategy in Cloverport, KY is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How do home values compare in Cloverport, KY?
Cloverport, KY home values average about $120K. That price point suits investors targeting rentals with $783/mo in monthly income.
Should investors worry about vacancy in Cloverport, KY?
Rental vacancy in Cloverport, KY is elevated. Investors should budget normal turnover but not chronic empty units.
You know 40111 now. You don’t know where it ranks.
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