Real Estate Investing in Pikeville, Kentucky (41501)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 41501 (Pikeville, KY)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 13.0% of homes vacant — above national norms.
What’s happening in Pikeville, KY (41501)?
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Market Analysis: 41501 Pikeville
Homes in the 41501 ZIP trade near $124K, a discount that has historically rewarded investors willing to renovate. Rent comps near $1,650/mo support the pro forma.
Investors in 41501 do not buy the market average — they buy the unit they can improve. $124K median pricing and $1,650/mo comps define the envelope within which the work has to pay.
The a credible choice for piece of regional context is that nearby ZIPs with newer stock and higher basis have priced out of the value-add game. 41501 has not.
A renter-heavy, wage-earner demographic anchors 41501. Value-add players rely on that mix — the 39% share is both the tenant source and the buyer pool for future owner-occupied exits.
Strategic fit here is operational. Pro forma discipline, capex reserves, and lender relationships matter more than the marketing pitch.
Here's what matters if you're considering buying a home in Pikeville:
Property Strategy for 41501
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $75,184 | $780 | 7.5% | +4.7% | $75,184 |
| 2BR | $95,035 | $1,020 | 7.7% | +6.9% | $47,518 |
| 3BR | $154,785 | $1,220 | 5.7% | +6.5% | $51,595 |
| 4BR | $227,178 | $1,620 | 5.1% | +5.8% | $56,795 |
| 5BR | $302,652 | — | — | +4.5% | $60,530 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 41501 Compare?
| Metric | 41501 | Pikeville | Kentucky |
|---|---|---|---|
| Home Value | $123,708 | $123,708 | $225,788 |
| 5-Year CAGR | 2.0% | 2.0% | 6.9% |
| Avg Rent | $1,650 | $1,650 | - |
| Cap Rate | 10.4% | 10.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 41501 (Pikeville, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $123,708 |
| Monthly Rent | $1,650 |
| Price-to-Rent | 6.3:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 16.0% |
| Cap Rate | 10.4% |
| 5-Year IRR | 12.5% |
📈 Home Appreciation
| 1-Year | -1.6% ▼ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +2.0% ▲ |
| 10-Year CAGR | +3.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (10.4%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 41501
Population: 23,272
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 41501
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
Is Pikeville, KY a good market for buy-and-hold investors?
Pikeville, KY rates 5.0/5 for investability. With median values at $124K and rents near $1,650/mo, the market offers reasonable fundamentals for rental investors.
Is Pikeville, KY a good market for FHA house hackers?
House hacking in Pikeville, KY is an attractive. With home values around $124K and rents at $1,650/mo, owner-occupants can offset a meaningful share of PITI.
How close is Pikeville, KY to meeting the 1% rule?
The 1% rule in Pikeville, KY is reasonable to achieve. Rent-to-price at the median ($1,650/mo on $124K) lands around 1.33%.
Is Pikeville, KY a viable BRRRR market?
Yes - BRRRR is a strong in Pikeville, KY. The $124K home values and $1,650/mo rents anchor the refinance math.
What is the smart move for investors in Pikeville, KY?
Investors usually favor value-add and BRRRR deals in Pikeville, KY. With home values at $124K and rents near $1,650/mo, other strategies can work but produce predictable rather than outsized returns.
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