Real Estate Investing in Ravenna, Kentucky (40472)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40472 (Ravenna, KY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 30.5% of homes vacant — above national norms.
- 1-year downturn: Values declined 7.5% in the last year.
- Elevated poverty: 30.2% poverty rate — can affect rent collection.
- Lower household income: $39,028 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ravenna, KY (40472)?
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Market Analysis: 40472 Ravenna
Not every below-median market is a bargain. Ravenna's 40472 ZIP reflects signals that favor experienced operators who can absorb the risk $100K pricing implies.
Rent of $882/mo on a $100K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 40472 sits below the stated 0.0% once reality is priced in.
ZIP 40472's metrics run below Estill County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 40472 includes headwinds that any investor should price in. Income distribution skews lower than Ravenna averages, and tenant stability requires active management.
The 40472 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 Ravenna:
Property Strategy for 40472
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $105,205 | $980 | 6.7% | +9.8% | $52,602 |
| 3BR | $141,519 | $1,270 | 6.5% | +9.4% | $47,173 |
Market Trends
Home Value History (with trend line)
📊 How Does 40472 Compare?
| Metric | 40472 | Ravenna | Richmond-Berea, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $99,910 | $99,910 | N/A | $225,788 |
| 5-Year CAGR | 2.2% | 2.2% | N/A | 6.9% |
| Avg Rent | $882 | $882 | N/A | - |
| Cap Rate | 6.9% | 6.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 40472 (Ravenna, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $99,910 |
| Monthly Rent | $882 |
| Price-to-Rent | 9.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.6% |
| Cap Rate | 6.9% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | -7.5% ▼ |
| 3-Year CAGR | +0.2% ▲ |
| 5-Year CAGR | +2.2% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.9%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 40472
Population: 1,398
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
Frequently Asked Questions
How much is rent in Ravenna, KY?
Investors in Ravenna, KY typically see rents near $882/mo per month against $100K home values - a solid setup for rental cash flow.
Is rental property easy to operate in Ravenna, KY?
For rental operators, Ravenna, KY rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How much should I expect to pay for a home in Ravenna, KY?
The median home value in Ravenna, KY is roughly $100K. That puts it reasonable relative to the KY statewide average.
Does house hacking make sense in Ravenna, KY?
The house hack math a challenging in Ravenna, KY. Owner-occupant buyers benefit from the $882/mo rents and $100K home values.
How qualified is the tenant pool in Ravenna, KY?
Ravenna, KY offers a consistent renter base at the $882/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 40472 now. You don’t know where it ranks.
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