Real Estate Investing in Phelps, Kentucky (41553)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 41553 (Phelps, KY)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Declining values: -0.9% 5-year CAGR — values have moved lower.
- Elevated vacancy: 9.9% vacancy may signal weakening demand.
- 1-year downturn: Values declined 6.1% in the last year.
- Higher unemployment: 10.1% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Phelps, KY (41553)?
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Market Analysis: 41553 Phelps
Investors scanning Phelps, KY for forced-equity plays often land on the 41553 ZIP. A a viable market for entry near $72K pairs with rents of $882/mo to widen the renovation window.
Cap rate math of 0.0% understates the return here. Post-rehab, stabilized yields climb, and the 41553 ZIP's older housing stock gives operators the opportunity set to execute.
Across Phelps, pockets like 41553 represent the last affordable rungs of a rising ladder. The state-level data shows those rungs thinning.
The resident base in 41553 runs younger and more tenure-renter than county averages. 3% of 2,324 households lease, which is the demand source for post-rehab rent lifts.
ZIP 41553 fits investors who can swing a hammer — or pay someone to swing one well. BRRRR, fix-and-flip, and fix-and-hold all work when the rehab scope is matched to the rent lift.
Here's what matters if you're considering buying a home in Phelps:
Property Strategy for 41553
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $63,831 | $980 | 11.1% | +6.4% | $31,916 |
| 3BR | $100,466 | $1,180 | 8.5% | +4.6% | $33,489 |
Market Trends
Home Value History (with trend line)
📊 How Does 41553 Compare?
| Metric | 41553 | Phelps | Kentucky |
|---|---|---|---|
| Home Value | $71,778 | $71,778 | $225,788 |
| 5-Year CAGR | N/A | N/A | 6.9% |
| Avg Rent | $882 | $882 | - |
| Cap Rate | 9.6% | 9.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 41553 (Phelps, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $71,778 |
| Monthly Rent | $882 |
| Price-to-Rent | 6.8:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 14.8% |
| Cap Rate | 9.6% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | -6.1% ▼ |
| 3-Year CAGR | -2.1% ▼ |
| 5-Year CAGR | -0.9% ▼ |
| 10-Year CAGR | +2.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (9.6%) 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 41553
Population: 2,324
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 41553
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 do landlords charge for rent in Phelps, KY?
Average rent in Phelps, KY is approximately $882/mo per month. Against $72K home values that yields a reasonable rent-to-price ratio.
How much should I expect to pay for a home in Phelps, KY?
Median home price in Phelps, KY is near $72K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
How should investors approach Phelps, KY?
The best-fit strategy in Phelps, KY is value-add and BRRRR deals. That approach the rent and price profile of the market.
Does house hacking work in Phelps, KY?
House hacking in Phelps, KY is an attractive. With home values around $72K and rents at $882/mo, owner-occupants can offset a meaningful share of PITI.
Is Phelps, KY a good place for real estate investing?
Phelps, KY rates 4.0/5 for investability. With median values at $72K and rents near $882/mo, the market offers reasonable fundamentals for rental investors.
You know 41553 now. You don’t know where it ranks.
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