Real Estate Investing in Wallins Creek, Kentucky (40873)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40873 (Wallins Creek, KY)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 20.2% of homes vacant — above national norms.
- 1-year downturn: Values declined 11.8% in the last year.
- Elevated poverty: 22.1% poverty rate — can affect rent collection.
- Lower household income: $36,591 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 Wallins Creek, KY (40873)?
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Market Analysis: 40873 Wallins Creek
In Wallins Creek's 40873 ZIP, the arithmetic favors hands-on owners. Median home values sits at $81K, leaving spread for capex-heavy BRRRR or reposition strategies.
Investors in 40873 do not buy the market average — they buy the unit they can improve. $81K median pricing and $918/mo comps define the envelope within which the work has to pay.
Relative to KY, 40873 reads as a working-capital ZIP — prices below average, renter share elevated at 19%, and room for operator-led upside.
On the rental side, incomes in 40873 sit below the county median, the tenant pool is deep and the demand for upgraded rental stock consistently outruns supply.
Value-add plays pencil in 40873 when three things line up: a sub-median purchase, a realistic rehab budget, and a post-rehab rent comp that stands up. All three are present in this ZIP.
Here's what matters if you're considering buying a home in Wallins Creek:
Property Strategy for 40873
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $58,513 | $1,020 | 12.6% | +12.8% | $29,257 |
| 3BR | $98,584 | $1,350 | 9.9% | +11.0% | $32,861 |
Market Trends
Home Value History (with trend line)
📊 How Does 40873 Compare?
| Metric | 40873 | Wallins Creek | Kentucky |
|---|---|---|---|
| Home Value | $80,561 | $88,213 | $225,788 |
| 5-Year CAGR | 4.9% | 4.0% | 6.9% |
| Avg Rent | $918 | $851 | - |
| Cap Rate | 8.9% | 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 40873 (Wallins Creek, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $80,561 |
| Monthly Rent | $918 |
| Price-to-Rent | 7.3:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 13.7% |
| Cap Rate | 8.9% |
| 5-Year IRR | 13.8% |
📈 Home Appreciation
| 1-Year | -11.8% ▼ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (8.9%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 40873
Population: 2,329
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 40873
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
Can you recycle capital via BRRRR in Wallins Creek, KY?
Wallins Creek, KY BRRRR deals are a strong. With proper buy-side discipline, operators can recycle most of their capital post-refinance.
How strong is Wallins Creek, KY for real estate investors?
Yes - Wallins Creek, KY a 5.0/5 investability score. With $81K home prices against $918/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is house hacking profitable in Wallins Creek, KY?
The house hack math an attractive in Wallins Creek, KY. Owner-occupant buyers benefit from the $918/mo rents and $81K home values.
Are rents high in Wallins Creek, KY?
The typical rental in Wallins Creek, KY commands about $918/mo monthly. That rent profile steady cash flow against the $81K purchase basis.
Does Wallins Creek, KY rent-to-price ratio clear the 1% rule?
Wallins Creek, KY delivers a 1.14% rent-to-price ratio on average. Investors targeting the 1% rule will find solid opportunities.
You know 40873 now. You don’t know where it ranks.
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