Real Estate Investing in Wallins Creek, Kentucky (40819)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40819 (Wallins Creek, 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: 12.8% of homes vacant — above national norms.
- 1-year downturn: Values declined 6.1% in the last year.
- Elevated poverty: 22.3% poverty rate — can affect rent collection.
- Lower household income: $31,250 median — tenant affordability is tighter.
• 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 Wallins Creek, KY (40819)?
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Market Analysis: 40819 Wallins Creek
In practical terms, ZIP 40819 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $96K median. It rewards specialists, not generalists.
The investment case in 40819 is impressive only for operators who understand what they are buying. A $96K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within KY, ZIP 40819 trails on several market indicators that neighboring Harlan County submarkets outperform. The gap is real and resilient enough to shape underwriting.
Resident income in 40819 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 40819 is an operator game, not a passive one. From a cash-flow lens, entry prices of $96K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Wallins Creek:
Market Trends
Home Value History (with trend line)
📊 How Does 40819 Compare?
| Metric | 40819 | Wallins Creek | Kentucky |
|---|---|---|---|
| Home Value | $95,866 | $88,213 | $225,788 |
| 5-Year CAGR | 3.1% | 4.0% | 6.9% |
| Avg Rent | $783 | $851 | - |
| Cap Rate | 6.4% | 7.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 40819 (Wallins Creek, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $95,866 |
| Monthly Rent | $783 |
| Price-to-Rent | 10.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.8% |
| Cap Rate | 6.4% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | -6.1% ▼ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +3.1% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 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 (6.4%). 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 40819
Population: 632
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 strong is the working-renter base in Wallins Creek, KY?
Wallins Creek, KY offers a steady renter base at the $783/mo rent level. Tenant turnover is reasonable for well-managed properties.
Does Wallins Creek, KY favor landlords or tenants?
Wallins Creek, KY falls under KY landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How expensive is real estate in Wallins Creek, KY?
Homes in Wallins Creek, KY typically sell near $96K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
What are vacancy rates like in Wallins Creek, KY?
Vacancy risk in Wallins Creek, KY is elevated. That supports predictable cash flow for typical rental holds.
Does house hacking work in Wallins Creek, KY?
For house hackers, Wallins Creek, KY is a challenging. The $783/mo rent on a unit helps defray the mortgage on a $96K property.
You know 40819 now. You don’t know where it ranks.
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