Real Estate Investing in Parksville, Kentucky (40464)
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Should you buy in 40464 (Parksville, 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: 14.3% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Parksville, KY (40464)?
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Market Analysis: 40464 Parksville
ZIP 40464 inside Boyle County looks affordable on the surface — median value of $200K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $200K asset, 40464 is the wrong submarket. If the plan prices in friction, the yield can still work.
Looking more closely, 40464 offers a low basis, the region around Parksville has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 40464 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 40464 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Parksville:
Market Trends
Home Value History (with trend line)
📊 How Does 40464 Compare?
| Metric | 40464 | Parksville | Danville, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $199,567 | $199,567 | N/A | $225,788 |
| 5-Year CAGR | 8.1% | 8.1% | N/A | 6.9% |
| Avg Rent | $819 | $819 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 40464 (Parksville, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $199,567 |
| Monthly Rent | $819 |
| Price-to-Rent | 20.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 11.3% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +7.5% ▲ |
| 5-Year CAGR | +8.1% ▲ |
| 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 (3.2%). 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 40464
Population: 809
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Where do rents currently stand in Parksville, KY?
The typical rental in Parksville, KY commands about $819/mo monthly. That rent profile reliable cash flow against the $200K purchase basis.
Is Parksville, KY better for rentals, flips, or BRRRR?
For Parksville, KY, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What kind of market is Parksville, KY for investors?
Our data puts Parksville, KY at 3.0/5 for investability. Home prices of $200K and rents around $819/mo create a solid backdrop for investor activity.
How much should I expect to pay for a home in Parksville, KY?
Expect median prices around $200K in Parksville, KY. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
Do landlords face vacancy issues in Parksville, KY?
Expect elevated vacancy in Parksville, KY. Rents at $819/mo are absorbed by the tenant base without meaningful lag.
You know 40464 now. You don’t know where it ranks.
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How 40464 ranks in Danville, KY
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