Real Estate Investing in Sharpsburg, Kentucky (40374)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 40374 (Sharpsburg, 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.
- Elevated vacancy: 8.0% vacancy may signal weakening demand.
- Elevated poverty: 28.8% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Sharpsburg, KY (40374)?
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Market Analysis: 40374 Sharpsburg
Investors eyeing 40374 need to respect the fundamentals at play. Home values of $189K come alongside slower price movement and elevated management overhead.
Stepping back, the numbers look inviting — $189K purchase price, 0.0% nominal cap — the work to hit that pro forma in 40374 is substantial and deserves full respect.
Statewide comparisons place 40374 among KY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 40374 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Sharpsburg's stable or hybrid ZIPs before stepping into 40374. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Sharpsburg:
Property Strategy for 40374
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $127,098 | $1,050 | 5.9% | +11.7% | $63,549 |
| 3BR | $185,780 | $1,430 | 5.5% | +10.1% | $61,927 |
Market Trends
Home Value History (with trend line)
📊 How Does 40374 Compare?
| Metric | 40374 | Sharpsburg | Mount Sterling, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $188,851 | $188,851 | N/A | $225,788 |
| 5-Year CAGR | 7.4% | 7.4% | N/A | 6.9% |
| Avg Rent | $945 | $945 | N/A | - |
| Cap Rate | 3.9% | 3.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 40374 (Sharpsburg, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $188,851 |
| Monthly Rent | $945 |
| Price-to-Rent | 16.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 11.3% |
📈 Home Appreciation
| 1-Year | +8.4% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 (3.9%). 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 40374
Population: 2,667
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
What is the typical rental rate in Sharpsburg, KY?
Investors in Sharpsburg, KY typically see rents near $945/mo per month against $189K home values - a solid setup for rental cash flow.
Is Sharpsburg, KY better for rentals, flips, or BRRRR?
Sharpsburg, KY investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($189K prices, $945/mo rents) make it a reasonable choice.
Are there empty rentals in Sharpsburg, KY?
Sharpsburg, KY sees elevated vacancy, which is reasonable relative to the broader KY rental market.
What is the typical renter like in Sharpsburg, KY?
Sharpsburg, KY offers a reliable renter base at the $945/mo rent level. Tenant turnover is reasonable for well-managed properties.
What kind of market is Sharpsburg, KY for investors?
Investors tracking Sharpsburg, KY will find a 3.0/5 rating supported by $189K median home values and $945/mo rents. That profile suits long-term holders targeting predictable returns.
You know 40374 now. You don’t know where it ranks.
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How 40374 ranks in Mount Sterling, KY
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