Real Estate Investing in Mount Sterling, Kentucky (40353)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40353 (Mount Sterling, 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: 10.2% vacancy may signal weakening demand.
What’s happening in Mount Sterling, KY (40353)?
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Market Analysis: 40353 Mount Sterling
ZIP 40353 inside Montgomery County looks affordable on the surface — median value of $238K — but the discount exists for reasons that a careful buyer should understand before committing.
From an investor standpoint, the numbers look inviting — $238K purchase price, 0.0% nominal cap — the work to hit that pro forma in 40353 is substantial and deserves full respect.
Regionally, 40353 sits on the difficult end of the KY spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
The 40353 ZIP's population of 22,534 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
Strategically, 40353 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 Mount Sterling:
Property Strategy for 40353
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $156,827 | $1,050 | 4.8% | +10.1% | $78,413 |
| 3BR | $221,313 | $1,430 | 4.7% | +8.9% | $73,771 |
| 4BR | $309,081 | $1,610 | 3.8% | +8.1% | $77,270 |
| 5BR | $422,848 | — | — | +7.6% | $84,570 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 40353 Compare?
| Metric | 40353 | Mount Sterling | Mount Sterling, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $237,675 | $237,675 | N/A | $225,788 |
| 5-Year CAGR | 7.0% | 7.0% | N/A | 6.9% |
| Avg Rent | $1,151 | $1,151 | 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 40353 (Mount Sterling, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $237,675 |
| Monthly Rent | $1,151 |
| Price-to-Rent | 17.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 40353
Population: 22,534
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 40353
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
Are there empty rentals in Mount Sterling, KY?
Vacancy in Mount Sterling, KY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,151/mo.
How much do tenants pay in Mount Sterling, KY?
Rent in Mount Sterling, KY is around $1,151/mo. The resulting rent-to-value relationship with $238K pricing is reasonable for most investor models.
Where do home prices stand in Mount Sterling, KY?
Mount Sterling, KY median home values land near $238K. That is reasonable territory for investors looking at $1,151/mo-per-month rentals.
Is Mount Sterling, KY good for house hacking?
The house hack math a challenging in Mount Sterling, KY. Owner-occupant buyers benefit from the $1,151/mo rents and $238K home values.
Which real estate strategy fits Mount Sterling, KY?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Mount Sterling, KY. The numbers - $238K homes against $1,151/mo rents - support that play.
You know 40353 now. You don’t know where it ranks.
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How 40353 ranks in Mount Sterling, KY
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