Real Estate Investing in Carlisle, Kentucky (40311)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40311 (Carlisle, 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 vacancy: 20.5% 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 Carlisle, KY (40311)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 40311 Carlisle
Not every below-median market is a bargain. Carlisle's 40311 ZIP shows signals that favor experienced operators who can absorb the risk $205K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 40311 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 40311 and stronger Carlisle ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 40311 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 40311 is an operator game, not a passive one. Put differently, entry prices of $205K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Carlisle:
Property Strategy for 40311
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $141,407 | $1,050 | 5.3% | +10.9% | $70,703 |
| 3BR | $196,399 | $1,430 | 5.2% | +10.2% | $65,466 |
| 4BR | $233,594 | $1,610 | 5.0% | +9.7% | $58,398 |
Market Trends
Home Value History (with trend line)
📊 How Does 40311 Compare?
| Metric | 40311 | Carlisle | Lexington-Fayette, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $205,089 | $205,089 | N/A | $225,788 |
| 5-Year CAGR | 7.8% | 7.8% | N/A | 6.9% |
| Avg Rent | $945 | $945 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
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 40311 (Carlisle, KY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 40311 (Carlisle, KY)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $205,089 |
| Monthly Rent | $945 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +8.7% ▲ |
🏠 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 (3.6%). 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 40311
Population: 7,676
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 40311
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 are rental rates like in Carlisle, KY?
Rental rates in Carlisle, KY average $945/mo. Tenant demand and $205K home values make the yield look reasonable by investor standards.
Is Carlisle, KY suited for a house hack?
For house hackers, Carlisle, KY is a challenging. The $945/mo rent on a unit helps defray the mortgage on a $205K property.
Is housing expensive in Carlisle, KY?
Carlisle, KY median home values land near $205K. That is reasonable territory for investors looking at $945/mo-per-month rentals.
Is KY a landlord-friendly state?
The landlord environment in Carlisle, KY is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What is the renter demographic in Carlisle, KY?
Carlisle, KY offers a reliable renter base at the $945/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 40311 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 40311 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.
How 40311 ranks in Lexington-Fayette, KY
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 40311 (Carlisle)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 40311 (Carlisle, KY).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.