Real Estate Investing in Olympia, Kentucky (40358)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40358 (Olympia, KY)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Olympia, KY (40358)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 40358 Olympia
ZIP 40358 inside Bath County looks affordable on the surface — median value of $203K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 40358 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 40358 sits on the difficult end of the KY spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 40358 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 40358 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 Olympia:
Market Trends
Home Value History (with trend line)
📊 How Does 40358 Compare?
| Metric | 40358 | Olympia | Mount Sterling, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $202,950 | $202,950 | N/A | $225,788 |
| 5-Year CAGR | 8.6% | 8.6% | N/A | 6.9% |
| Avg Rent | $828 | $828 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
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 40358 (Olympia, KY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 40358 (Olympia, KY)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $202,950 |
| Monthly Rent | $828 |
| Price-to-Rent | 20.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 11.8% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | +8.6% ▲ |
| 10-Year CAGR | +9.0% ▲ |
🏠 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 40358
Population: 1,219
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
Frequently Asked Questions
Are landlord laws favorable in Olympia, KY?
Rental owners in Olympia, KY deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What kind of tenants rent in Olympia, KY?
Olympia, KY offers a even-keeled renter base at the $828/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Olympia, KY better for rentals, flips, or BRRRR?
Olympia, KY investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($203K prices, $828/mo rents) make it a reasonable choice.
Should investors consider Olympia, KY?
With a 3.0/5 investability score, Olympia, KY ranks as a solid market for rental property investors. Median prices of $203K and rents of $828/mo drive the underlying numbers.
How much is rent in Olympia, KY?
Olympia, KY rentals go for roughly $828/mo a month. That puts gross yield in solid territory relative to $203K acquisition costs.
You know 40358 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 40358 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 40358 ranks in Mount Sterling, KY
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 40358 (Olympia)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 40358 (Olympia, KY).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.