Real Estate Investing in Corbin, Kentucky (40701)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40701 (Corbin, 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: 13.5% of homes vacant — above national norms.
What’s happening in Corbin, KY (40701)?
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Market Analysis: 40701 Corbin
Not every below-median market is a bargain. Corbin's 40701 ZIP reflects signals that favor experienced operators who can absorb the risk $172K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 40701 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within KY, ZIP 40701 trails on several market indicators that neighboring Whitley County submarkets outperform. The gap is real and impressive enough to shape underwriting.
From a cash-flow lens, 29,767 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 40701 is an operator game, not a passive one. Put differently, entry prices of $172K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Corbin:
Property Strategy for 40701
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $103,946 | $710 | 4.9% | +7.2% | $103,946 |
| 2BR | $121,674 | $900 | 5.3% | +9.8% | $60,837 |
| 3BR | $201,037 | $1,080 | 3.9% | +9.6% | $67,012 |
| 4BR | $263,916 | $1,320 | 3.6% | +9.4% | $65,979 |
| 5BR | $325,171 | — | — | +8.9% | $65,034 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 40701 Compare?
| Metric | 40701 | Corbin | London, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $172,089 | $172,089 | N/A | $225,788 |
| 5-Year CAGR | 4.3% | 4.3% | N/A | 6.9% |
| Avg Rent | $875 | $875 | N/A | - |
| Cap Rate | 4.0% | 4.0% | - | - |
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 40701 (Corbin, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $172,089 |
| Monthly Rent | $875 |
| Price-to-Rent | 16.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | -2.5% ▼ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 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%) exceeds the estimated cap rate (4.0%). 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 40701
Population: 29,767
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 40701
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
Where do home prices stand in Corbin, KY?
Corbin, KY home values average about $172K. That price point suits investors targeting rentals with $875/mo in monthly income.
How strong is Corbin, KY for real estate investors?
Corbin, KY rates 3.0/5 for investability. With median values at $172K and rents near $875/mo, the market offers reasonable fundamentals for rental investors.
Is the tenant base reliable in Corbin, KY?
Tenant demand in Corbin, KY is solid. The local workforce $875/mo rents across most rental classes.
What is the average monthly rent in Corbin, KY?
Expect rents around $875/mo per month in Corbin, KY. With home values at $172K, the yield math works out to reasonable levels for rental investors.
What is it like being a landlord in Corbin, KY?
KY ranks as a landlord-friendly state for landlord-tenant law. Corbin generally follows the statewide framework, so landlords face reasonable operating rules.
You know 40701 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 40701 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 40701 ranks in London, KY
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