Real Estate Investing in Bimble, Kentucky (40923)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40923 (Bimble, 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: 16.3% of homes vacant — above national norms.
- 1-year downturn: Values declined 16.3% in the last year.
- Elevated poverty: 39.6% poverty rate — can affect rent collection.
- Lower household income: $35,375 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 Bimble, KY (40923)?
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Market Analysis: 40923 Bimble
This part of Knox County is not an easy win. The 40923 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $132K asset, 40923 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 40923 among KY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 40923 includes headwinds that any investor should price in. Income distribution skews lower than Bimble averages, and tenant stability requires active management.
The right play in 40923 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Bimble:
Market Trends
Home Value History (with trend line)
📊 How Does 40923 Compare?
| Metric | 40923 | Bimble | London, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $131,946 | $118,935 | N/A | $225,788 |
| 5-Year CAGR | 3.6% | 1.7% | N/A | 6.9% |
| Avg Rent | $783 | $783 | N/A | - |
| Cap Rate | 4.6% | 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 40923 (Bimble, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $131,946 |
| Monthly Rent | $783 |
| Price-to-Rent | 14.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | -16.3% ▼ |
| 3-Year CAGR | -2.4% ▼ |
| 5-Year CAGR | +3.6% ▲ |
| 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 (4.6%). 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 40923
Population: 1,012
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 40923
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Knox County Middle School
G R Hampton Elementary School
Girdler Elementary School
Central Elementary School
Jesse D Lay Elementary School
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
How does Bimble, KY stack up for property investment?
Bimble, KY rates 3.0/5 for investability. With median values at $132K and rents near $783/mo, the market offers reasonable fundamentals for rental investors.
What is the average monthly rent in Bimble, KY?
Rental rates in Bimble, KY average $783/mo. Tenant demand and $132K home values make the yield look reasonable by investor standards.
What is the rental occupancy rate in Bimble, KY?
Bimble, KY carries elevated vacancy risk. Expect stable absorption at market rents of $783/mo.
Is Bimble, KY a friendly market for rental owners?
Landlord-friendliness in Bimble, KY is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What investment strategy works best in Bimble, KY?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Bimble, KY. The numbers - $132K homes against $783/mo rents - support that play.
You know 40923 now. You don’t know where it ranks.
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How 40923 ranks in London, KY
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