Real Estate Investing in Clearfield, Kentucky (40313)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40313 (Clearfield, 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: 18.0% of homes vacant — above national norms.
- 1-year downturn: Values declined 3.2% in the last year.
- Elevated poverty: 20.1% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Clearfield, KY (40313)?
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Market Analysis: 40313 Clearfield
The 40313 ZIP in Clearfield, KY is a local-operator market. Outside capital chasing a $155K entry has to pair deep knowledge with the discount.
On the rental side, the numbers look inviting — $155K purchase price, 0.0% nominal cap — the work to hit that pro forma in 40313 is substantial and deserves full respect.
The gap between 40313 and stronger Clearfield ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
From a cash-flow lens, 2,856 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.
Strategy in 40313 is an operator game, not a passive one. From an investor standpoint, entry prices of $155K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Clearfield:
Property Strategy for 40313
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $146,227 | $1,020 | 5.0% | +11.7% | $73,114 |
| 3BR | $172,873 | $1,290 | 5.4% | +9.1% | $57,624 |
Market Trends
Home Value History (with trend line)
📊 How Does 40313 Compare?
| Metric | 40313 | Clearfield | Kentucky |
|---|---|---|---|
| Home Value | $154,653 | $154,653 | $225,788 |
| 5-Year CAGR | 6.7% | 6.7% | 6.9% |
| Avg Rent | $918 | $918 | - |
| Cap Rate | 4.6% | 4.6% | - |
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 40313 (Clearfield, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $154,653 |
| Monthly Rent | $918 |
| Price-to-Rent | 14.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 11.3% |
📈 Home Appreciation
| 1-Year | -3.2% ▼ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (4.6%). 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 40313
Population: 2,856
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 40313
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 827 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are rents high in Clearfield, KY?
Rents in Clearfield, KY run near $918/mo. Compared with median home prices of $155K that produces solid gross yields for typical rentals.
What are vacancy rates like in Clearfield, KY?
Vacancy in Clearfield, KY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $918/mo.
What is the smart move for investors in Clearfield, KY?
Most investors in Clearfield, KY run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What is the tenant pool like in Clearfield, KY?
The tenant pool in Clearfield, KY is solid, supported by local employment and population fundamentals. Rents of $918/mo are well-absorbed by the market.
What is the median home value in Clearfield, KY?
Typical homes in Clearfield, KY go for around $155K. The 5-year CAGR of 0.0% measured price movement.
You know 40313 now. You don’t know where it ranks.
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