Real Estate Investing in Annville, Kentucky (40402)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40402 (Annville, KY)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Flat appreciation: Values have barely moved over 5 years (1.3% CAGR).
- 1-year downturn: Values declined 5.2% in the last year.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Annville, KY (40402)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 40402 Annville
The 40402 ZIP covers a section of Annville that demands careful diligence. Prices near $118K look accessible, but the work to make a deal cash flow is real.
The investment case in 40402 is solid only for operators who understand what they are buying. A $118K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 40402 sits on the difficult end of the KY spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 40402 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 40402 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Annville:
Market Trends
Home Value History (with trend line)
📊 How Does 40402 Compare?
| Metric | 40402 | Annville | Kentucky |
|---|---|---|---|
| Home Value | $118,151 | $118,151 | $225,788 |
| 5-Year CAGR | 1.3% | 1.3% | 6.9% |
| Avg Rent | $792 | $792 | - |
| Cap Rate | 5.2% | 5.2% | - |
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 40402 (Annville, KY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 40402 (Annville, KY)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $118,151 |
| Monthly Rent | $792 |
| Price-to-Rent | 12.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.0% |
| Cap Rate | 5.2% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | -5.2% ▼ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +1.3% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (5.2%). 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 40402
Population: 2,500
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 40402
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 kind of market is Annville, KY for investors?
Our data puts Annville, KY at 3.0/5 for investability. Home prices of $118K and rents around $792/mo create a solid backdrop for investor activity.
How do home values compare in Annville, KY?
In Annville, KY the median home value sits at $118K. Against the broader KY market, that reads as reasonable for most investors.
How quickly do rentals get leased in Annville, KY?
Vacancy risk in Annville, KY is elevated. That supports measured cash flow for typical rental holds.
How strict are landlord regulations in Annville, KY?
Annville, KY operates under KY law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
How do experienced investors play Annville, KY?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Annville, KY. The numbers - $118K homes against $792/mo rents - support that play.
You know 40402 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 40402 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.
AI Market Advisor
Ask questions about investing in 40402 (Annville)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 40402 (Annville, KY).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.