Real Estate Investing in Flemingsburg, Kentucky (41093)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 41093 (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: 22.6% of homes vacant — above national norms.
- Elevated poverty: 23.2% 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 (41093)?
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Market Analysis: 41093 Flemingsburg
This part of Fleming County is not an easy win. The 41093 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 41093 is healthy only for operators who understand what they are buying. A $168K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Flemingsburg have seen price recovery that 41093 has not matched. Fleming County data supports the view that the spread is structural rather than temporary.
Demographically, 41093 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 41093 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Flemingsburg:
Property Strategy for 41093
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $147,556 | $990 | 4.8% | +10.5% | $73,778 |
| 3BR | $189,922 | $1,310 | 5.0% | +10.6% | $63,307 |
Market Trends
Home Value History (with trend line)
📊 How Does 41093 Compare?
| Metric | 41093 | Flemingsburg | Kentucky |
|---|---|---|---|
| Home Value | $168,374 | $173,029 | $225,788 |
| 5-Year CAGR | 7.5% | 7.8% | 6.9% |
| Avg Rent | $891 | $837 | - |
| Cap Rate | 4.1% | 3.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 41093 (Flemingsburg, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $168,374 |
| Monthly Rent | $891 |
| Price-to-Rent | 15.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.1% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | -1.9% ▼ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (4.1%). 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 41093
Population: 2,342
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
Frequently Asked Questions
How do home values compare in Flemingsburg, KY?
Homes in Flemingsburg, KY typically sell near $168K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
Is Flemingsburg in KY worth investing in?
Investors tracking Flemingsburg, KY will find a 3.0/5 rating supported by $168K median home values and $891/mo rents. That profile suits long-term holders targeting predictable returns.
What is the typical renter like in Flemingsburg, KY?
Flemingsburg, KY offers a reliable renter base at the $891/mo rent level. Tenant turnover is reasonable for well-managed properties.
Can I live-in-and-rent in Flemingsburg, KY?
The house hack math a challenging in Flemingsburg, KY. Owner-occupant buyers benefit from the $891/mo rents and $168K home values.
Are landlord laws favorable in Flemingsburg, KY?
Rental owners in Flemingsburg, KY deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
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