Real Estate Investing in Wilmore, Kentucky (40390)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40390 (Wilmore, KY)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.7% vacancy may signal weakening demand.
What’s happening in Wilmore, KY (40390)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 40390 Wilmore
The 40390 ZIP covers a section of Wilmore that demands careful diligence. Prices near $320K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $320K asset, 40390 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 40390 among KY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Looking more closely, 7,480 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.
Experienced landlords with local relationships tend to find 40390 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Wilmore:
Property Strategy for 40390
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $233,929 | $1,050 | 3.2% | +9.2% | $116,964 |
| 3BR | $270,078 | $1,440 | 3.8% | +8.6% | $90,026 |
| 4BR | $392,195 | $1,610 | 3.0% | +7.5% | $98,049 |
| 5BR | $480,966 | — | — | +7.7% | $96,193 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 40390 Compare?
| Metric | 40390 | Wilmore | Lexington-Fayette, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $319,875 | $319,875 | N/A | $225,788 |
| 5-Year CAGR | 7.2% | 7.2% | N/A | 6.9% |
| Avg Rent | $1,450 | $1,450 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
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 40390 (Wilmore, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $319,875 |
| Monthly Rent | $1,450 |
| Price-to-Rent | 18.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (3.5%). 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 40390
Population: 7,480
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 40390
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
What kind of market is Wilmore, KY for investors?
Wilmore, KY scores 3.0/5 for investability. Home values sit at $320K and rents near $1,450/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is the tenant base reliable in Wilmore, KY?
Wilmore, KY offers a even-keeled renter base at the $1,450/mo rent level. Tenant turnover is reasonable for well-managed properties.
What do rentals go for in Wilmore, KY?
Rents in Wilmore, KY run near $1,450/mo. Compared with median home prices of $320K that produces solid gross yields for typical rentals.
How expensive is real estate in Wilmore, KY?
In Wilmore, KY the median home value sits at $320K. Against the broader KY market, that reads as reasonable for most investors.
What are vacancy rates like in Wilmore, KY?
Wilmore, KY carries elevated vacancy risk. Expect reliable absorption at market rents of $1,450/mo.
You know 40390 now. You don’t know where it ranks.
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How 40390 ranks in Lexington-Fayette, KY
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