Real Estate Investing in Danville, Kentucky (40422)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40422 (Danville, 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.
- Elevated vacancy: 9.1% vacancy may signal weakening demand.
What’s happening in Danville, KY (40422)?
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Market Analysis: 40422 Danville
This part of Boyle County is not an easy win. The 40422 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,122/mo on a $255K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 40422 sits below the stated 0.0% once reality is priced in.
The gap between 40422 and stronger Danville ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 40422 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Danville's stable or hybrid ZIPs before stepping into 40422. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Danville:
Property Strategy for 40422
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $162,422 | $940 | 4.2% | +9.8% | $81,211 |
| 3BR | $239,650 | $1,230 | 3.7% | +9.1% | $79,883 |
| 4BR | $339,845 | $1,390 | 2.9% | +8.5% | $84,961 |
| 5BR | $452,158 | — | — | +7.9% | $90,432 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 40422 Compare?
| Metric | 40422 | Danville | Danville, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $255,357 | $255,357 | N/A | $225,788 |
| 5-Year CAGR | 7.3% | 7.3% | N/A | 6.9% |
| Avg Rent | $1,122 | $1,122 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
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 40422 (Danville, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $255,357 |
| Monthly Rent | $1,122 |
| Price-to-Rent | 19.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (3.4%). 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 40422
Population: 25,997
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 40422
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
Frequently Asked Questions
What price range are homes in Danville, KY?
In Danville, KY the median home value sits at $255K. Against the broader KY market, that reads as reasonable for most investors.
Should investors consider Danville, KY?
Yes - Danville, KY a 3.0/5 investability score. With $255K home prices against $1,122/mo monthly rent, the market delivers a reasonable entry point for new investors.
Are tenants stable in Danville, KY?
The tenant pool in Danville, KY is solid, supported by local employment and population fundamentals. Rents of $1,122/mo are well-absorbed by the market.
What investment strategy works best in Danville, KY?
A careful cash-flow rentals with hands-on management strategy Danville, KY best. The market produces steady results for that approach at the $255K price point.
Is Danville, KY landlord-friendly?
Landlord-friendliness in Danville, KY is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 40422 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 40422 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 40422 ranks in Danville, KY
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