Real Estate Investing in Bimble, Kentucky (40935)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40935 (Bimble, KY)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 29.8% of homes vacant — above national norms.
- Declining values: -2.3% 5-year CAGR — values have moved lower.
- 1-year downturn: Values declined 27.2% in the last year.
- Elevated poverty: 51.7% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Bimble, KY (40935)?
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Market Analysis: 40935 Bimble
The 40935 ZIP covers a section of Bimble that demands careful diligence. Prices near $84K look accessible, but the work to make a deal cash flow is real.
The investment case in 40935 is solid only for operators who understand what they are buying. A $84K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 40935 sits on the difficult end of the KY spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
The 40935 ZIP's population of 1,979 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Experienced landlords with local relationships tend to find 40935 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Bimble:
Market Trends
Home Value History (with trend line)
📊 How Does 40935 Compare?
| Metric | 40935 | Bimble | London, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $83,574 | $118,935 | N/A | $225,788 |
| 5-Year CAGR | N/A | 1.7% | N/A | 6.9% |
| Avg Rent | $783 | $783 | N/A | - |
| Cap Rate | 7.3% | 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 40935 (Bimble, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $83,574 |
| Monthly Rent | $783 |
| Price-to-Rent | 8.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.2% |
| Cap Rate | 7.3% |
| 5-Year IRR | 5.0% |
📈 Home Appreciation
| 1-Year | -27.2% ▼ |
| 3-Year CAGR | -7.7% ▼ |
| 5-Year CAGR | -2.3% ▼ |
| 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%) is close to the estimated cap rate (7.3%). 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 40935
Population: 1,979
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 40935
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Where do home prices stand in Bimble, KY?
Typical homes in Bimble, KY go for around $84K. The 5-year CAGR of 0.0% stable price movement.
Where do rents currently stand in Bimble, KY?
Rent in Bimble, KY is around $783/mo. The resulting rent-to-value relationship with $84K pricing is reasonable for most investor models.
How deep is the rental pool in Bimble, KY?
Working renters make up the core of the Bimble, KY tenant base. The pool is reasonable for investors targeting long-term holds.
Is Bimble, KY good for landlords?
Rental owners in Bimble, KY deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What investment strategy works best in Bimble, KY?
A careful cash-flow rentals with hands-on management strategy Bimble, KY best. The market produces stable results for that approach at the $84K price point.
You know 40935 now. You don’t know where it ranks.
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