Real Estate Investing in Booneville, Kentucky (41314)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 41314 (Booneville, 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: 27.6% of homes vacant — above national norms.
- 1-year downturn: Values declined 11.4% in the last year.
- Lower household income: $38,201 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Booneville, KY (41314)?
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Market Analysis: 41314 Booneville
On the rental side, ZIP 41314 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $118K median. It rewards specialists, not generalists.
The 41314 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 41314's metrics run below Owsley County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 41314 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 41314 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 Booneville:
Property Strategy for 41314
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $114,024 | $880 | 5.6% | +7.5% | $57,012 |
| 3BR | $141,572 | $1,150 | 5.8% | +7.5% | $47,191 |
| 4BR | $165,037 | $1,230 | 5.4% | +4.7% | $41,259 |
Market Trends
Home Value History (with trend line)
📊 How Does 41314 Compare?
| Metric | 41314 | Booneville | Kentucky |
|---|---|---|---|
| Home Value | $118,071 | $118,071 | $225,788 |
| 5-Year CAGR | 1.7% | 1.7% | 6.9% |
| Avg Rent | $792 | $792 | - |
| Cap Rate | 5.2% | 5.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 41314 (Booneville, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $118,071 |
| Monthly Rent | $792 |
| Price-to-Rent | 12.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.1% |
| Cap Rate | 5.2% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | -11.4% ▼ |
| 3-Year CAGR | +0.5% ▲ |
| 5-Year CAGR | +1.7% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (5.2%). 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 41314
Population: 4,483
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 41314
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
What is the average monthly rent in Booneville, KY?
Rental rates in Booneville, KY average $792/mo. Tenant demand and $118K home values make the yield look reasonable by investor standards.
Is rental property easy to operate in Booneville, KY?
For rental operators, Booneville, KY rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What kind of vacancy should I budget for in Booneville, KY?
Booneville, KY carries elevated vacancy risk. Expect even-keeled absorption at market rents of $792/mo.
What does house hacking look like in Booneville, KY?
Booneville, KY is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $118K price point reasonable to enter.
How should investors approach Booneville, KY?
The best-fit strategy in Booneville, KY is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 41314 now. You don’t know where it ranks.
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