Real Estate Investing in Falmouth, Kentucky (41040)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 41040 (Falmouth, KY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 17.3% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Falmouth, KY (41040)?
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Market Analysis: 41040 Falmouth
The 41040 ZIP in Falmouth, KY is a local-operator market. Outside capital chasing a $209K entry has to pair deep knowledge with the discount.
The investment case in 41040 is significant only for operators who understand what they are buying. A $209K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 41040 and stronger Falmouth ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 41040 includes headwinds that any investor should price in. Income distribution skews lower than Falmouth averages, and tenant stability requires active management.
Strategy in 41040 is an operator game, not a passive one. Looking more closely, entry prices of $209K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Falmouth:
Property Strategy for 41040
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $154,168 | $1,140 | 5.3% | +7.3% | $77,084 |
| 3BR | $210,567 | $1,500 | 5.1% | +7.2% | $70,189 |
| 4BR | $239,510 | $1,660 | 5.0% | +7.4% | $59,878 |
Market Trends
Home Value History (with trend line)
📊 How Does 41040 Compare?
| Metric | 41040 | Falmouth | Cincinnati, OH-KY-IN | Kentucky |
|---|---|---|---|---|
| Home Value | $208,657 | $208,657 | N/A | $225,788 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 6.9% |
| Avg Rent | $1,026 | $1,026 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
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 41040 (Falmouth, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $208,657 |
| Monthly Rent | $1,026 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +3.6% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 (3.8%). 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 41040
Population: 6,998
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 41040
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.
Frequently Asked Questions
Are homes affordable in Falmouth, KY?
Falmouth, KY home values average about $209K. That price point suits investors targeting rentals with $1,026/mo in monthly income.
How does Falmouth, KY stack up for property investment?
Yes - Falmouth, KY a 3.0/5 investability score. With $209K home prices against $1,026/mo monthly rent, the market delivers a reasonable entry point for new investors.
Are renters plentiful in Falmouth, KY?
Falmouth, KY draws a reliable base of working renters. Demand at the $1,026/mo rent level is reasonable for standard single-family and small multi rentals.
How quickly do rentals get leased in Falmouth, KY?
Vacancy risk in Falmouth, KY is elevated. That supports measured cash flow for typical rental holds.
What is it like being a landlord in Falmouth, KY?
KY ranks as a landlord-friendly state for landlord-tenant law. Falmouth generally follows the statewide framework, so landlords face reasonable operating rules.
You know 41040 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 41040 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 41040 ranks in Cincinnati, OH-KY-IN
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