Real Estate Investing in Bimble, Kentucky (40949)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40949 (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: 23.3% of homes vacant — above national norms.
- 1-year downturn: Values declined 8.5% in the last year.
- Elevated poverty: 35.8% poverty rate — can affect rent collection.
- Higher unemployment: 11.5% unemployment — tenant risk signal.
• 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 (40949)?
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Market Analysis: 40949 Bimble
Not every below-median market is a bargain. Bimble's 40949 ZIP registers signals that favor experienced operators who can absorb the risk $133K pricing implies.
The investment case in 40949 is notable only for operators who understand what they are buying. A $133K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within KY, ZIP 40949 trails on several market indicators that neighboring Knox County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Who lives in 40949 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 40949 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Bimble:
Market Trends
Home Value History (with trend line)
📊 How Does 40949 Compare?
| Metric | 40949 | Bimble | London, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $133,400 | $118,935 | N/A | $225,788 |
| 5-Year CAGR | 3.5% | 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 40949 (Bimble, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $133,400 |
| Monthly Rent | $783 |
| Price-to-Rent | 14.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.6% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | -8.5% ▼ |
| 3-Year CAGR | +0.4% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 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 40949
Population: 409
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 40949
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Knox County Middle School
G R Hampton Elementary School
Central Elementary School
Jesse D Lay Elementary School
Knox Central High 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
What is the investability score for Bimble, KY?
Bimble, KY shows an investability rating of 3.0/5, with median home values near $133K and average rents around $783/mo. That combination puts it in the healthy tier for investor interest.
What is the typical vacancy rate in Bimble, KY?
Occupancy in Bimble, KY runs predictable with elevated vacancy. Well-priced units at $783/mo lease on reasonable timelines.
Is Bimble, KY landlord-friendly?
KY ranks as a landlord-friendly state for landlord-tenant law. Bimble generally follows the statewide framework, so landlords face reasonable operating rules.
What is the best play in Bimble, KY?
For Bimble, KY, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What do rentals go for in Bimble, KY?
Average rent in Bimble, KY is approximately $783/mo per month. Against $133K home values that yields a reasonable rent-to-price ratio.
You know 40949 now. You don’t know where it ranks.
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How 40949 ranks in London, KY
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