Real Estate Investing in Bimble, Kentucky (40915)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40915 (Bimble, KY)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 8.9% vacancy may signal weakening demand.
- Flat appreciation: Values have barely moved over 5 years (0.6% CAGR).
- 1-year downturn: Values declined 24.5% in the last year.
- Elevated poverty: 29.8% poverty rate — can affect rent collection.
• 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 Bimble, KY (40915)?
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Market Analysis: 40915 Bimble
ZIP 40915 in Bimble, KY carries a sturdy set of headwinds. Home values near $126K and rents of $783/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 40915 can be a a viable market for hunting ground — but the discount at $126K reflects genuine risk that outside investors often underestimate.
Within KY, ZIP 40915 trails on several market indicators that neighboring Knox County submarkets outperform. The gap is real and impressive enough to shape underwriting.
Resident income in 40915 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 40915 is an operator game, not a passive one. In practical terms, entry prices of $126K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Bimble:
Market Trends
Home Value History (with trend line)
📊 How Does 40915 Compare?
| Metric | 40915 | Bimble | London, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $126,305 | $118,935 | N/A | $225,788 |
| 5-Year CAGR | 0.6% | 1.7% | N/A | 6.9% |
| Avg Rent | $783 | $783 | N/A | - |
| Cap Rate | 4.8% | 5.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 40915 (Bimble, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $126,305 |
| Monthly Rent | $783 |
| Price-to-Rent | 13.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.4% |
| Cap Rate | 4.8% |
| 5-Year IRR | 5.4% |
📈 Home Appreciation
| 1-Year | -24.5% ▼ |
| 3-Year CAGR | -4.5% ▼ |
| 5-Year CAGR | +0.6% ▲ |
| 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 (4.8%). 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 40915
Population: 731
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What is the typical home price in Bimble, KY?
Typical homes in Bimble, KY go for around $126K. The 5-year CAGR of 0.0% even-keeled price movement.
Is Bimble, KY landlord-friendly?
Bimble, KY falls under KY landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Does house hacking work in Bimble, KY?
Bimble, KY offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $783/mo rent level.
What is the typical vacancy rate in Bimble, KY?
Vacancy in Bimble, KY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $783/mo.
What monthly rent should investors expect in Bimble, KY?
Investors in Bimble, KY typically see rents near $783/mo per month against $126K home values - a solid setup for rental cash flow.
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