Real Estate Investing in Thelma, Kentucky (41260)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 41260 (Thelma, KY)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 17.2% of homes vacant — above national norms.
- 1-year downturn: Values declined 5.7% in the last year.
• 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 Thelma, KY (41260)?
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Market Analysis: 41260 Thelma
Not every below-median market is a bargain. Thelma's 41260 ZIP posts signals that favor experienced operators who can absorb the risk $133K pricing implies.
For an experienced owner, 41260 can be a worth a close look for hunting ground — but the discount at $133K reflects genuine risk that outside investors often underestimate.
In the broader KY picture, 41260 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 41260 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 41260 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Thelma:
Market Trends
Home Value History (with trend line)
📊 How Does 41260 Compare?
| Metric | 41260 | Thelma | Kentucky |
|---|---|---|---|
| Home Value | $133,476 | $133,476 | $225,788 |
| 5-Year CAGR | 5.8% | 5.8% | 6.9% |
| Avg Rent | $783 | $783 | - |
| Cap Rate | 4.6% | 4.6% | - |
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 41260 (Thelma, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $133,476 |
| Monthly Rent | $783 |
| Price-to-Rent | 14.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.6% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | -5.7% ▼ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 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 (4.6%). 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 41260
Population: 900
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 41260
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Central Elementary School
Johnson County Middle School
Paintsville High School
Johnson Central High School
Paintsville Elementary School
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
Investor Insight: With 1,397 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are eviction rules reasonable in Thelma, KY?
Thelma, KY falls under KY landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What is the typical renter like in Thelma, KY?
Tenant quality in Thelma, KY ranks as solid. Landlords generally report steady occupancy at market rents of $783/mo.
Are homes affordable in Thelma, KY?
Thelma, KY median home values land near $133K. That is reasonable territory for investors looking at $783/mo-per-month rentals.
Is Thelma in KY worth investing in?
Our data puts Thelma, KY at 3.0/5 for investability. Home prices of $133K and rents around $783/mo create a solid backdrop for investor activity.
Are rents high in Thelma, KY?
Rents in Thelma, KY run near $783/mo. Compared with median home prices of $133K that produces solid gross yields for typical rentals.
You know 41260 now. You don’t know where it ranks.
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