Real Estate Investing in Flemingsburg, Kentucky (41041)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 41041 (Flemingsburg, 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: 12.5% of homes vacant — above national norms.
- Elevated poverty: 20.8% 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 Flemingsburg, KY (41041)?
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Market Analysis: 41041 Flemingsburg
In practical terms, ZIP 41041 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $178K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 41041 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader KY picture, 41041 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 41041 ZIP's population of 7,564 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
Experienced landlords with local relationships tend to find 41041 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 Flemingsburg:
Property Strategy for 41041
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $122,723 | $870 | 5.1% | +11.9% | $61,362 |
| 3BR | $179,138 | $1,140 | 4.6% | +10.6% | $59,713 |
| 4BR | $239,472 | $1,150 | 3.5% | +10.8% | $59,868 |
Market Trends
Home Value History (with trend line)
📊 How Does 41041 Compare?
| Metric | 41041 | Flemingsburg | Kentucky |
|---|---|---|---|
| Home Value | $177,683 | $173,029 | $225,788 |
| 5-Year CAGR | 8.1% | 7.8% | 6.9% |
| Avg Rent | $783 | $837 | - |
| Cap Rate | 3.4% | 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 41041 (Flemingsburg, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $177,683 |
| Monthly Rent | $783 |
| Price-to-Rent | 18.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | -0.4% ▼ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +8.1% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (3.4%). 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 41041
Population: 7,564
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 41041
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
Where do home prices stand in Flemingsburg, KY?
Flemingsburg, KY home values average about $178K. That price point suits investors targeting rentals with $783/mo in monthly income.
How deep is the rental pool in Flemingsburg, KY?
The tenant pool in Flemingsburg, KY is solid, supported by local employment and population fundamentals. Rents of $783/mo are well-absorbed by the market.
Is Flemingsburg, KY landlord-friendly?
KY ranks as a landlord-friendly state for landlord-tenant law. Flemingsburg generally follows the statewide framework, so landlords face reasonable operating rules.
Does house hacking work in Flemingsburg, KY?
House hacking in Flemingsburg, KY is reasonable to execute. Prices around $178K and rents of $783/mo solid owner-occupant economics.
How strong are rents in Flemingsburg, KY?
Investors in Flemingsburg, KY typically see rents near $783/mo per month against $178K home values - a solid setup for rental cash flow.
You know 41041 now. You don’t know where it ranks.
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