Real Estate Investing in Hi Hat, Kentucky (41636)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 41636 (Hi Hat, KY)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Declining values: -6.2% 5-year CAGR — values have moved lower.
- 1-year downturn: Values declined 25.5% in the last year.
- Elevated poverty: 28.0% poverty rate — can affect rent collection.
• 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 Hi Hat, KY (41636)?
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Market Analysis: 41636 Hi Hat
ZIP 41636 offers what many appreciation markets cannot: an affordable basis at $53K and rent support of $810/mo for rehab-driven equity creation in Floyd County.
Cap rate math of 0.0% understates the return here. Post-rehab, stabilized yields climb, and the 41636 ZIP's older housing stock gives operators the opportunity set to execute.
Comparing Hi Hat submarkets, ZIP 41636 offers an entry cost that most surrounding neighborhoods have moved past. The durable delta is the opportunity.
The a strong candidate for angle on demographics here is renter willingness to pay a premium for renovated product. The 21% rental share provides scale for the strategy.
ZIP 41636 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 Hi Hat:
Market Trends
Home Value History (with trend line)
📊 How Does 41636 Compare?
| Metric | 41636 | Hi Hat | Kentucky |
|---|---|---|---|
| Home Value | $53,435 | $54,300 | $225,788 |
| 5-Year CAGR | N/A | N/A | 6.9% |
| Avg Rent | $810 | $810 | - |
| Cap Rate | 11.8% | 11.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 41636 (Hi Hat, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $53,435 |
| Monthly Rent | $810 |
| Price-to-Rent | 5.5:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 18.2% |
| Cap Rate | 11.8% |
| 5-Year IRR | 5.6% |
📈 Home Appreciation
| 1-Year | -25.5% ▼ |
| 3-Year CAGR | -13.3% ▼ |
| 5-Year CAGR | -6.2% ▼ |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (11.8%) 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 41636
Population: 709
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 41636
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
How much does a house cost in Hi Hat, KY?
Median home price in Hi Hat, KY is near $53K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
Is Hi Hat, KY suited for a house hack?
House hacking in Hi Hat, KY is reasonable to execute. Prices around $53K and rents of $810/mo solid owner-occupant economics.
Are there BRRRR deals in Hi Hat, KY?
Investors running BRRRR in Hi Hat, KY see a strong outcomes. Deal flow and rehab execution matter more than the macro here.
Is Hi Hat, KY better for rentals, flips, or BRRRR?
Investors who focus on value-add and BRRRR deals typically do well in Hi Hat, KY. The numbers - $53K homes against $810/mo rents - support that play.
How strong is Hi Hat, KY for real estate investors?
Investors tracking Hi Hat, KY will find a 4.0/5 rating supported by $53K median home values and $810/mo rents. That profile suits long-term holders targeting reliable returns.
You know 41636 now. You don’t know where it ranks.
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