Real Estate Investing in Keavy, Kentucky (40737)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40737 (Keavy, KY)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 12.2% of homes vacant — above national norms.
- 1-year downturn: Values declined 4.1% in the last year.
- Higher unemployment: 7.8% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Keavy, KY (40737)?
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Market Analysis: 40737 Keavy
ZIP 40737 in Keavy, KY carries a significant set of headwinds. Home values near $156K and rents of $783/mo sit inside a market where underwriting has to be tight.
The investment case in 40737 is sturdy only for operators who understand what they are buying. A $156K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Keavy have seen price recovery that 40737 has not matched. Laurel County data supports the view that the spread is structural rather than temporary.
A notable renter share of 15% in 40737 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. significant returns are possible in 40737, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Keavy:
Market Trends
Home Value History (with trend line)
📊 How Does 40737 Compare?
| Metric | 40737 | Keavy | London, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $155,867 | $155,867 | N/A | $225,788 |
| 5-Year CAGR | 1.8% | 1.8% | N/A | 6.9% |
| Avg Rent | $783 | $783 | N/A | - |
| Cap Rate | 3.9% | 3.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 40737 (Keavy, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $155,867 |
| Monthly Rent | $783 |
| Price-to-Rent | 16.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 5.7% |
📈 Home Appreciation
| 1-Year | -4.1% ▼ |
| 3-Year CAGR | -1.7% ▼ |
| 5-Year CAGR | +1.8% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (3.9%). 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 40737
Population: 1,824
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 40737
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.
Frequently Asked Questions
Does a duplex house hack pencil in Keavy, KY?
For house hackers, Keavy, KY is a challenging. The $783/mo rent on a unit helps defray the mortgage on a $156K property.
Is real estate in Keavy, KY a good investment right now?
Keavy, KY rates 2.0/5 for investability. With median values at $156K and rents near $783/mo, the market offers reasonable fundamentals for rental investors.
How strong is the working-renter base in Keavy, KY?
Tenant demand in Keavy, KY is solid. The local workforce $783/mo rents across most rental classes.
How do landlord-tenant laws work in Keavy, KY?
KY law landlord-friendly for landlords, and Keavy inherits those rules. Investors should still review local ordinances for rental licensing.
Is vacancy a concern in Keavy, KY?
Rental vacancy in Keavy, KY is elevated. Investors should budget normal turnover but not chronic empty units.
You know 40737 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 40737 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 40737 ranks in London, KY
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