Real Estate Investing in Debord, Kentucky (41224)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 41224 (Debord, KY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 24.6% of homes vacant — above national norms.
- 1-year downturn: Values declined 10.8% in the last year.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Debord, KY (41224)?
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Market Analysis: 41224 Debord
Looking more closely, ZIP 41224 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $119K median. It rewards specialists, not generalists.
For an experienced owner, 41224 can be a an appealing option for hunting ground — but the discount at $119K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Debord have seen price recovery that 41224 has not matched. Martin County data supports the view that the spread is structural rather than temporary.
Who lives in 41224 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 41224 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 Debord:
Property Strategy for 41224
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $85,834 | $920 | 7.7% | +7.7% | $42,917 |
| 3BR | $133,195 | $1,150 | 6.2% | +7.6% | $44,398 |
Market Trends
Home Value History (with trend line)
📊 How Does 41224 Compare?
| Metric | 41224 | Debord | Kentucky |
|---|---|---|---|
| Home Value | $119,288 | $119,288 | $225,788 |
| 5-Year CAGR | 2.9% | 2.9% | 6.9% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 5.4% | 5.4% | - |
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 41224 (Debord, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $119,288 |
| Monthly Rent | $828 |
| Price-to-Rent | 12.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.3% |
| Cap Rate | 5.4% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | -10.8% ▼ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 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 (5.4%). 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 41224
Population: 4,536
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 41224
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
What is the best play in Debord, KY?
A careful cash-flow rentals with hands-on management strategy Debord, KY best. The market produces consistent results for that approach at the $119K price point.
Is vacancy a concern in Debord, KY?
Vacancy in Debord, KY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $828/mo.
What is the investability score for Debord, KY?
Debord, KY scores 3.0/5 for investability. Home values sit at $119K and rents near $828/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Are renters plentiful in Debord, KY?
Tenant demand in Debord, KY is solid. The local workforce $828/mo rents across most rental classes.
Is Debord, KY landlord-friendly?
Rental owners in Debord, KY deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 41224 now. You don’t know where it ranks.
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