Real Estate Investing in Versailles, Kentucky (40383)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40383 (Versailles, 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.
- Elevated vacancy: 8.5% vacancy may signal weakening demand.
What’s happening in Versailles, KY (40383)?
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Market Analysis: 40383 Versailles
The 40383 ZIP in Versailles, KY is a local-operator market. Outside capital chasing a $362K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 40383 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Versailles have seen price recovery that 40383 has not matched. Woodford County data supports the view that the spread is structural rather than temporary.
Employment concentration in 40383 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 40383 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Versailles:
Property Strategy for 40383
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $229,130 | $1,170 | 3.7% | +9.4% | $114,565 |
| 3BR | $310,892 | $1,600 | 3.7% | +8.1% | $103,631 |
| 4BR | $457,413 | $1,780 | 2.8% | +7.6% | $114,353 |
| 5BR | $597,925 | — | — | +7.6% | $119,585 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 40383 Compare?
| Metric | 40383 | Versailles | Lexington-Fayette, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $361,734 | $361,734 | N/A | $225,788 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 6.9% |
| Avg Rent | $1,783 | $1,783 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 40383 (Versailles, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $361,734 |
| Monthly Rent | $1,783 |
| Price-to-Rent | 16.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | +15.4% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). 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 40383
Population: 24,228
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 40383
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
Is Versailles, KY a smart market for rental property?
The 3.0/5 investability rating in Versailles, KY reflects its $362K prices and $1,783/mo rents. Investors generally consider it a solid option within KY.
Is Versailles, KY better for rentals, flips, or BRRRR?
Versailles, KY investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($362K prices, $1,783/mo rents) make it a reasonable choice.
What is the renter demographic in Versailles, KY?
Tenant quality in Versailles, KY ranks as solid. Landlords generally report predictable occupancy at market rents of $1,783/mo.
How do landlord-tenant laws work in Versailles, KY?
KY ranks as a landlord-friendly state for landlord-tenant law. Versailles generally follows the statewide framework, so landlords face reasonable operating rules.
Do rentals sit vacant long in Versailles, KY?
Rental vacancy in Versailles, KY is elevated. Investors should budget normal turnover but not chronic empty units.
You know 40383 now. You don’t know where it ranks.
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How 40383 ranks in Lexington-Fayette, KY
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