Real Estate Investing in Owingsville, Kentucky (40360)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40360 (Owingsville, 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.
- High vacancy: 12.6% 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 Owingsville, KY (40360)?
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Market Analysis: 40360 Owingsville
Not every below-median market is a bargain. Owingsville's 40360 ZIP records signals that favor experienced operators who can absorb the risk $187K pricing implies.
The investment case in 40360 is sturdy only for operators who understand what they are buying. A $187K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within KY, ZIP 40360 trails on several market indicators that neighboring Bath County submarkets outperform. The gap is real and resilient enough to shape underwriting.
The demographic picture in 40360 includes headwinds that any investor should price in. Income distribution skews lower than Owingsville averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 40360 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 Owingsville:
Property Strategy for 40360
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $150,001 | $870 | 4.2% | +11.5% | $75,001 |
| 3BR | $192,935 | $1,120 | 4.2% | +10.7% | $64,312 |
| 4BR | $264,461 | $1,350 | 3.7% | +9.7% | $66,115 |
Market Trends
Home Value History (with trend line)
📊 How Does 40360 Compare?
| Metric | 40360 | Owingsville | Mount Sterling, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $187,451 | $201,640 | N/A | $225,788 |
| 5-Year CAGR | 8.4% | 9.1% | N/A | 6.9% |
| Avg Rent | $783 | $806 | N/A | - |
| Cap Rate | 3.3% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 40360 (Owingsville, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $187,451 |
| Monthly Rent | $783 |
| Price-to-Rent | 20.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | +6.3% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +8.4% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (3.3%). 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 40360
Population: 7,071
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 40360
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
How deep is the rental pool in Owingsville, KY?
Owingsville, KY draws a steady base of working renters. Demand at the $783/mo rent level is reasonable for standard single-family and small multi rentals.
How quickly do rentals get leased in Owingsville, KY?
Vacancy in Owingsville, KY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $783/mo.
How do home values compare in Owingsville, KY?
The median home value in Owingsville, KY is roughly $187K. That puts it reasonable relative to the KY statewide average.
How viable is house hacking in Owingsville, KY?
Owingsville, KY offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $783/mo rent level.
How landlord-friendly is Owingsville, KY?
KY law landlord-friendly for landlords, and Owingsville inherits those rules. Investors should still review local ordinances for rental licensing.
You know 40360 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 40360 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 40360 ranks in Mount Sterling, KY
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