Real Estate Investing in London, Kentucky (40744)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40744 (London, 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: 11.2% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in London, KY (40744)?
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Market Analysis: 40744 London
The 40744 ZIP in London, KY is a local-operator market. Outside capital chasing a $196K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $196K asset, 40744 is the wrong submarket. If the plan prices in friction, the yield can still work.
Put differently, 40744 offers a low basis, the region around London has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
From a cash-flow lens, 20,104 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.
Strategy in 40744 is an operator game, not a passive one. Turning to rents, entry prices of $196K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in London:
Property Strategy for 40744
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $141,531 | $880 | 4.5% | +9.7% | $70,766 |
| 3BR | $219,358 | $1,100 | 3.6% | +9.5% | $73,119 |
| 4BR | $312,779 | $1,310 | 3.0% | +8.6% | $78,195 |
| 5BR | $409,981 | — | — | +8.2% | $81,996 |
Market Trends
Home Value History (with trend line)
📊 How Does 40744 Compare?
| Metric | 40744 | London | London, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $196,015 | $190,644 | N/A | $225,788 |
| 5-Year CAGR | 5.5% | 5.4% | N/A | 6.9% |
| Avg Rent | $792 | $801 | N/A | - |
| Cap Rate | 3.2% | 3.3% | - | - |
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 40744 (London, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $196,015 |
| Monthly Rent | $792 |
| Price-to-Rent | 20.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | -0.1% ▼ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 (3.2%). 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 40744
Population: 20,104
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 40744
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.
Frequently Asked Questions
What is the typical vacancy rate in London, KY?
London, KY carries elevated vacancy risk. Expect steady absorption at market rents of $792/mo.
How should investors approach London, KY?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in London, KY. The numbers - $196K homes against $792/mo rents - support that play.
How much rent can I charge in London, KY?
Investors in London, KY typically see rents near $792/mo per month against $196K home values - a solid setup for rental cash flow.
Is London, KY a friendly market for rental owners?
Landlord-friendliness in London, KY is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the typical home price in London, KY?
London, KY home values average about $196K. That price point suits investors targeting rentals with $792/mo in monthly income.
You know 40744 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 40744 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 40744 ranks in London, KY
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