Real Estate Investing in Wellington, Kentucky (40387)
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Should you buy in 40387 (Wellington, 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: 51.5% of homes vacant — above national norms.
- Lower household income: $39,796 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Wellington, KY (40387)?
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Market Analysis: 40387 Wellington
ZIP 40387 in Wellington, KY carries a sturdy set of headwinds. Home values near $130K and rents of $783/mo sit inside a market where underwriting has to be tight.
The 40387 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 40387's metrics run below Menifee County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 40387 ZIP's population of 1,805 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
Distressed ZIPs reward experience. significant returns are possible in 40387, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Wellington:
Market Trends
Home Value History (with trend line)
📊 How Does 40387 Compare?
| Metric | 40387 | Wellington | Mount Sterling, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $129,975 | $129,975 | N/A | $225,788 |
| 5-Year CAGR | 7.3% | 7.3% | N/A | 6.9% |
| Avg Rent | $783 | $783 | N/A | - |
| Cap Rate | 4.7% | 4.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 40387 (Wellington, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $129,975 |
| Monthly Rent | $783 |
| Price-to-Rent | 13.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 12.0% |
📈 Home Appreciation
| 1-Year | -2.4% ▼ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (4.7%). 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 40387
Population: 1,805
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 40387
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Botts Early Learning Center
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.
Frequently Asked Questions
Should investors consider Wellington, KY?
Investors tracking Wellington, KY will find a 3.0/5 rating supported by $130K median home values and $783/mo rents. That profile suits long-term holders targeting steady returns.
Is the tenant base reliable in Wellington, KY?
Working renters make up the core of the Wellington, KY tenant base. The pool is reasonable for investors targeting long-term holds.
Where do rents currently stand in Wellington, KY?
Rents in Wellington, KY run near $783/mo. Compared with median home prices of $130K that produces solid gross yields for typical rentals.
Do landlords face vacancy issues in Wellington, KY?
Wellington, KY sees elevated vacancy, which is reasonable relative to the broader KY rental market.
Can I house hack in Wellington, KY?
The a challenging house-hack environment in Wellington, KY reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 40387 now. You don’t know where it ranks.
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How 40387 ranks in Mount Sterling, KY
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