Real Estate Investing in Cumberland, Kentucky (40807)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40807 (Cumberland, KY)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- Elevated vacancy: 9.4% vacancy may signal weakening demand.
• 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 Cumberland, KY (40807)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 40807 Cumberland
ZIP 40807 offers what many appreciation markets cannot: an affordable basis at $64K and rent support of $783/mo for rehab-driven equity creation in Harlan County.
ZIP 40807 favors investors with a contractor on speed dial. Meanwhile, the turnkey yield looks ordinary, a renovated unit pulls stronger rent than the unrenovated $783/mo average.
Across KY, value-add opportunity tends to concentrate where housing stock is older and entry prices are below the state median. ZIP 40807 sits at both traits clearly.
Residents in 40807 skew younger than the county average, and that matters for rehab positioning. Younger renters respond to finishes, appliances, and in-unit laundry in ways that move rent.
The strategy in 40807 is forced equity, not market equity. Turning to rents, entry prices are accommodating at $64K, the returns sit in the renovation budget, not the holding period.
Here's what matters if you're considering buying a home in Cumberland:
Market Trends
Home Value History (with trend line)
📊 How Does 40807 Compare?
| Metric | 40807 | Cumberland | Kentucky |
|---|---|---|---|
| Home Value | $63,767 | $62,793 | $225,788 |
| 5-Year CAGR | 14.1% | 13.5% | 6.9% |
| Avg Rent | $783 | $819 | - |
| Cap Rate | 9.6% | 10.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 40807 (Cumberland, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $63,767 |
| Monthly Rent | $783 |
| Price-to-Rent | 6.8:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 14.7% |
| Cap Rate | 9.6% |
| 5-Year IRR | 23.6% |
📈 Home Appreciation
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | +13.8% ▲ |
| 5-Year CAGR | +14.1% ▲ |
| 10-Year CAGR | +10.2% ▲ |
🏠 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 40807
Population: 535
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 40807
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Cumberland 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 1,840 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What strategy should investors use in Cumberland, KY?
For Cumberland, KY, value-add and BRRRR deals is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the median home value in Cumberland, KY?
The median home value in Cumberland, KY is roughly $64K. That puts it reasonable relative to the KY statewide average.
Does house hacking make sense in Cumberland, KY?
The house hack math an attractive in Cumberland, KY. Owner-occupant buyers benefit from the $783/mo rents and $64K home values.
Does Cumberland, KY rent-to-price ratio clear the 1% rule?
Cumberland, KY delivers a 1.23% rent-to-price ratio on average. Investors targeting the 1% rule will find solid opportunities.
Is Cumberland, KY a smart market for rental property?
Investors tracking Cumberland, KY will find a 5.0/5 rating supported by $64K median home values and $783/mo rents. That profile suits long-term holders targeting predictable returns.
You know 40807 now. You don’t know where it ranks.
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