Real Estate Investing in Perryville, Kentucky (40468)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40468 (Perryville, 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: 11.4% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Perryville, KY (40468)?
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Market Analysis: 40468 Perryville
The 40468 ZIP in Perryville, KY is a local-operator market. Outside capital chasing a $229K entry has to pair deep knowledge with the discount.
From a cash-flow lens, the numbers look inviting — $229K purchase price, 0.0% nominal cap — the work to hit that pro forma in 40468 is substantial and deserves full respect.
Within KY, ZIP 40468 trails on several market indicators that neighboring Boyle County submarkets outperform. The gap is real and notable enough to shape underwriting.
Who lives in 40468 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 40468 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Perryville:
Property Strategy for 40468
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $165,447 | $1,050 | 4.6% | +9.7% | $82,724 |
| 3BR | $222,150 | $1,380 | 4.5% | +8.3% | $74,050 |
| 4BR | $273,762 | $1,550 | 4.1% | +8.8% | $68,441 |
Market Trends
Home Value History (with trend line)
📊 How Does 40468 Compare?
| Metric | 40468 | Perryville | Danville, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $228,802 | $228,802 | N/A | $225,788 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 6.9% |
| Avg Rent | $945 | $945 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
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 40468 (Perryville, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $228,802 |
| Monthly Rent | $945 |
| Price-to-Rent | 20.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 40468
Population: 1,969
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 40468
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 is the rental occupancy rate in Perryville, KY?
Occupancy in Perryville, KY runs steady with elevated vacancy. Well-priced units at $945/mo lease on reasonable timelines.
Where do home prices stand in Perryville, KY?
Perryville, KY home values average about $229K. That price point suits investors targeting rentals with $945/mo in monthly income.
What are rental rates like in Perryville, KY?
Average rent in Perryville, KY is approximately $945/mo per month. Against $229K home values that yields a reasonable rent-to-price ratio.
What does house hacking look like in Perryville, KY?
The a challenging house-hack environment in Perryville, KY reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What approach is best for Perryville, KY real estate?
The best-fit strategy in Perryville, KY is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 40468 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 40468 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 40468 ranks in Danville, KY
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Community Ratings
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