Real Estate Investing in Paint Lick, Kentucky (40461)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40461 (Paint Lick, 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 price-to-rent: Price-to-rent ratio 30.2 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Paint Lick, KY (40461)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 40461 Paint Lick
This part of Madison County is not an easy win. The 40461 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 40461 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 40461 and stronger Paint Lick ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 40461 includes headwinds that any investor should price in. Income distribution skews lower than Paint Lick averages, and tenant stability requires active management.
New investors are better served looking at Paint Lick's stable or hybrid ZIPs before stepping into 40461. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Paint Lick:
Property Strategy for 40461
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $179,908 | $870 | 3.5% | +11.4% | $89,954 |
| 3BR | $270,527 | $1,200 | 3.2% | +9.1% | $90,176 |
Market Trends
Home Value History (with trend line)
📊 How Does 40461 Compare?
| Metric | 40461 | Paint Lick | Richmond-Berea, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $283,844 | $283,844 | N/A | $225,788 |
| 5-Year CAGR | 7.4% | 7.4% | N/A | 6.9% |
| Avg Rent | $783 | $783 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
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 40461 (Paint Lick, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $283,844 |
| Monthly Rent | $783 |
| Price-to-Rent | 30.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.2% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (2.2%). 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 40461
Population: 2,564
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 40461
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 1,170 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Paint Lick, KY a good market for buy-and-hold investors?
Investors tracking Paint Lick, KY will find a 3.0/5 rating supported by $284K median home values and $783/mo rents. That profile suits long-term holders targeting predictable returns.
What is the typical vacancy rate in Paint Lick, KY?
Occupancy in Paint Lick, KY runs even-keeled with elevated vacancy. Well-priced units at $783/mo lease on reasonable timelines.
What approach is best for Paint Lick, KY real estate?
The best-fit strategy in Paint Lick, KY is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How strong is the working-renter base in Paint Lick, KY?
The renter base in Paint Lick, KY is reasonable for the $783/mo price point. Screening well and pricing to market typically yields predictable tenants.
How strict are landlord regulations in Paint Lick, KY?
Rental owners in Paint Lick, KY deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 40461 now. You don’t know where it ranks.
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How 40461 ranks in Richmond-Berea, KY
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