Real Estate Investing in Falls of Rough, Kentucky (40119)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40119 (Falls of Rough, KY)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 62.7% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Falls of Rough, KY (40119)?
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Market Analysis: 40119 Falls of Rough
The 40119 ZIP in Falls of Rough, KY is a local-operator market. Outside capital chasing a $156K entry has to pair deep knowledge with the discount.
The investment case in 40119 is resilient only for operators who understand what they are buying. A $156K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader KY picture, 40119 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 40119 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategy in 40119 is an operator game, not a passive one. From a cash-flow lens, entry prices of $156K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Falls of Rough:
Property Strategy for 40119
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $225,269 | $870 | 2.8% | +9.1% | $112,635 |
| 3BR | $281,423 | $1,170 | 3.0% | +6.7% | $93,808 |
Market Trends
Home Value History (with trend line)
📊 How Does 40119 Compare?
| Metric | 40119 | Falls of Rough | Kentucky |
|---|---|---|---|
| Home Value | $156,180 | $156,180 | $225,788 |
| 5-Year CAGR | 5.6% | 5.6% | 6.9% |
| Avg Rent | $783 | $783 | - |
| Cap Rate | 3.9% | 3.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 40119 (Falls of Rough, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $156,180 |
| Monthly Rent | $783 |
| Price-to-Rent | 16.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | -1.5% ▼ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +10.7% ▲ |
🏠 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 (3.9%). 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 40119
Population: 2,071
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
What price range are homes in Falls of Rough, KY?
Median home price in Falls of Rough, KY is near $156K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
What is the typical renter like in Falls of Rough, KY?
Falls of Rough, KY offers a predictable renter base at the $783/mo rent level. Tenant turnover is reasonable for well-managed properties.
What kind of vacancy should I budget for in Falls of Rough, KY?
Occupancy in Falls of Rough, KY runs even-keeled with elevated vacancy. Well-priced units at $783/mo lease on reasonable timelines.
How much rent can I charge in Falls of Rough, KY?
Rents in Falls of Rough, KY run near $783/mo. Compared with median home prices of $156K that produces solid gross yields for typical rentals.
Can I house hack in Falls of Rough, KY?
Falls of Rough, KY is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $156K price point reasonable to enter.
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