Real Estate Investing in Wingo, Kentucky (42088)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 42088 (Wingo, KY)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.3% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Wingo, KY (42088)?
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Market Analysis: 42088 Wingo
ZIP 42088 in Wingo, KY carries a resilient set of headwinds. Home values near $163K and rents of $783/mo sit inside a market where underwriting has to be tight.
Rent of $783/mo on a $163K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 42088 sits below the stated 0.0% once reality is priced in.
Within KY, ZIP 42088 trails on several market indicators that neighboring Graves County submarkets outperform. The gap is real and healthy enough to shape underwriting.
The demographic picture in 42088 includes headwinds that any investor should price in. Income distribution skews lower than Wingo averages, and tenant stability requires active management.
Strategically, 42088 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Wingo:
Property Strategy for 42088
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $127,244 | $870 | 4.9% | +12.7% | $63,622 |
| 3BR | $179,014 | $1,200 | 4.8% | +10.6% | $59,671 |
Market Trends
Home Value History (with trend line)
📊 How Does 42088 Compare?
| Metric | 42088 | Wingo | Mayfield, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $162,783 | $162,783 | N/A | $225,788 |
| 5-Year CAGR | 9.5% | 9.5% | N/A | 6.9% |
| Avg Rent | $783 | $783 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 42088 (Wingo, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $162,783 |
| Monthly Rent | $783 |
| Price-to-Rent | 17.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 13.2% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +8.1% ▲ |
| 5-Year CAGR | +9.5% ▲ |
| 10-Year CAGR | +9.3% ▲ |
🏠 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 (3.8%). 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 42088
Population: 2,507
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 42088
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
Can I live-in-and-rent in Wingo, KY?
The house hack math a challenging in Wingo, KY. Owner-occupant buyers benefit from the $783/mo rents and $163K home values.
Do landlords face vacancy issues in Wingo, KY?
Rental vacancy in Wingo, KY is elevated. Investors should budget normal turnover but not chronic empty units.
Is rental property easy to operate in Wingo, KY?
The landlord environment in Wingo, KY is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How much is rent in Wingo, KY?
Wingo, KY rentals go for roughly $783/mo a month. That puts gross yield in solid territory relative to $163K acquisition costs.
How deep is the rental pool in Wingo, KY?
The tenant pool in Wingo, KY is solid, supported by local employment and population fundamentals. Rents of $783/mo are well-absorbed by the market.
You know 42088 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 42088 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 42088 ranks in Mayfield, KY
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