Real Estate Investing in Pendleton, Kentucky (40055)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40055 (Pendleton, KY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 15.1% of homes vacant — above national norms.
- Higher unemployment: 10.7% unemployment — tenant risk signal.
- High price-to-rent: Price-to-rent ratio 25.0 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Pendleton, KY (40055)?
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Market Analysis: 40055 Pendleton
This part of Oldham County is not an easy win. The 40055 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 40055 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 40055 sits on the difficult end of the KY spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
The 40055 ZIP's population of 2,386 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
The right play in 40055 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Pendleton:
Market Trends
Home Value History (with trend line)
📊 How Does 40055 Compare?
| Metric | 40055 | Pendleton | Kentucky |
|---|---|---|---|
| Home Value | $353,659 | $353,659 | $225,788 |
| 5-Year CAGR | 5.8% | 5.8% | 6.9% |
| Avg Rent | $1,179 | $1,179 | - |
| Cap Rate | 2.6% | 2.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 40055 (Pendleton, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $353,659 |
| Monthly Rent | $1,179 |
| Price-to-Rent | 25.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (2.6%). 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 40055
Population: 2,386
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
Frequently Asked Questions
How much do tenants pay in Pendleton, KY?
Expect rents around $1,179/mo per month in Pendleton, KY. With home values at $354K, the yield math works out to reasonable levels for rental investors.
What is the renter demographic in Pendleton, KY?
Pendleton, KY offers a stable renter base at the $1,179/mo rent level. Tenant turnover is reasonable for well-managed properties.
What approach is best for Pendleton, KY real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Pendleton, KY. The numbers - $354K homes against $1,179/mo rents - support that play.
Should investors consider Pendleton, KY?
With a 3.0/5 investability score, Pendleton, KY ranks as a solid market for rental property investors. Median prices of $354K and rents of $1,179/mo drive the underlying numbers.
Where do home prices stand in Pendleton, KY?
Pendleton, KY home values average about $354K. That price point suits investors targeting rentals with $1,179/mo in monthly income.
You know 40055 now. You don’t know where it ranks.
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How 40055 ranks in Louisville/Jefferson County, KY-IN
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