Real Estate Investing in Worthville, Kentucky (40355)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40355 (Worthville, KY)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.0% of homes vacant — above national norms.
• 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 Worthville, KY (40355)?
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Market Analysis: 40355 Worthville
ZIP 40355 in Worthville, KY carries a significant set of headwinds. Home values near $233K and rents of $873/mo sit inside a market where underwriting has to be tight.
The 40355 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Worthville have seen price recovery that 40355 has not matched. Owen County data supports the view that the spread is structural rather than temporary.
On the rental side, 388 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 40355 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 Worthville:
Market Trends
Home Value History (with trend line)
📊 How Does 40355 Compare?
| Metric | 40355 | Worthville | Kentucky |
|---|---|---|---|
| Home Value | $232,620 | $176,722 | $225,788 |
| 5-Year CAGR | 9.0% | 4.9% | 6.9% |
| Avg Rent | $873 | $909 | - |
| Cap Rate | 2.9% | 4.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 40355 (Worthville, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $232,620 |
| Monthly Rent | $873 |
| Price-to-Rent | 22.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 11.9% |
📈 Home Appreciation
| 1-Year | +11.9% ▲ |
| 3-Year CAGR | +8.9% ▲ |
| 5-Year CAGR | +9.0% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (2.9%). 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 40355
Population: 388
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
What real estate strategy is ideal for Worthville, KY?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Worthville, KY. The numbers - $233K homes against $873/mo rents - support that play.
What do rentals go for in Worthville, KY?
Rents in Worthville, KY run near $873/mo. Compared with median home prices of $233K that produces solid gross yields for typical rentals.
How qualified is the tenant pool in Worthville, KY?
Working renters make up the core of the Worthville, KY tenant base. The pool is reasonable for investors targeting long-term holds.
Do landlords face vacancy issues in Worthville, KY?
Worthville, KY vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is rental property easy to operate in Worthville, KY?
KY ranks as a landlord-friendly state for landlord-tenant law. Worthville generally follows the statewide framework, so landlords face reasonable operating rules.
You know 40355 now. You don’t know where it ranks.
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