Real Estate Investing in Pineville, Kentucky (40988)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40988 (Pineville, 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: 17.7% of homes vacant — above national norms.
- 1-year downturn: Values declined 12.7% in the last year.
- Lower household income: $34,688 median — tenant affordability is tighter.
• 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 Pineville, KY (40988)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 40988 Pineville
The 40988 ZIP in Pineville is not a pristine, turnkey story — it is a value-add map. Stock is older, prices near $68K are approachable, and upside sits in the rehab line.
The a strong candidate for angle here is forced equity, not market equity. ZIP 40988 rewards investors who can execute on scope, timeline, and tenant turnover.
Across KY, value-add opportunity tends to concentrate where housing stock is older and entry prices are below the state median. ZIP 40988 sits at both traits clearly.
Residents in 40988 skew younger than the county average, and that matters for rehab positioning. Younger renters respond to finishes, appliances, and in-unit laundry in ways that move rent.
The significant opportunity in 40988 is buying the worst house on the block, fixing it, and renting it at the top of the local band. That is the strategy, repeated.
Here's what matters if you're considering buying a home in Pineville:
Market Trends
Home Value History (with trend line)
📊 How Does 40988 Compare?
| Metric | 40988 | Pineville | Middlesborough, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $67,969 | $78,693 | N/A | $225,788 |
| 5-Year CAGR | 1.7% | N/A | N/A | 6.9% |
| Avg Rent | $783 | $789 | N/A | - |
| Cap Rate | 9.0% | 8.0% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 40988 (Pineville, KY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 40988 (Pineville, KY)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $67,969 |
| Monthly Rent | $783 |
| Price-to-Rent | 7.2:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 13.8% |
| Cap Rate | 9.0% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | -12.7% ▼ |
| 3-Year CAGR | -1.9% ▼ |
| 5-Year CAGR | +1.7% ▲ |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (9.0%) 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 40988
Population: 399
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 40988
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
Is Pineville, KY suited for a house hack?
House hacking works an attractive in Pineville, KY. Rents of $783/mo against $68K acquisition make the strategy solid for owner-occupants.
Which investment style suits Pineville, KY?
Most investors in Pineville, KY run a value-add and BRRRR deals strategy. It aligns with the 4.0/5 investability profile and the market fundamentals.
How much does a house cost in Pineville, KY?
The median home value in Pineville, KY is roughly $68K. That puts it reasonable relative to the KY statewide average.
Can you recycle capital via BRRRR in Pineville, KY?
BRRRR in Pineville, KY is a strong. The interplay of $68K values and $783/mo rents creates reasonable refinance conditions.
Is Pineville, KY a smart market for rental property?
Pineville, KY posts an investability rating of 4.0/5, with median home values near $68K and average rents around $783/mo. That combination puts it in the sturdy tier for investor interest.
You know 40988 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 40988 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 40988 ranks in Middlesborough, KY
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 40988 (Pineville)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 40988 (Pineville, KY).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.