Real Estate Investing in Mount Vernon, Kentucky (40460)
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Should you buy in 40460 (Mount Vernon, KY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 10.5% vacancy may signal weakening demand.
- Elevated poverty: 46.2% poverty rate — can affect rent collection.
- Lower household income: $29,315 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Mount Vernon, KY (40460)?
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Market Analysis: 40460 Mount Vernon
Investors eyeing 40460 need to respect the fundamentals at play. Home values of $117K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $117K asset, 40460 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 40460 and stronger Mount Vernon ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 40460 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.
Strategically, 40460 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 Vernon:
Market Trends
Home Value History (with trend line)
📊 How Does 40460 Compare?
| Metric | 40460 | Mount Vernon | Kentucky |
|---|---|---|---|
| Home Value | $117,289 | $135,572 | $225,788 |
| 5-Year CAGR | 2.7% | 5.6% | 6.9% |
| Avg Rent | $783 | $783 | - |
| Cap Rate | 5.2% | 4.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 40460 (Mount Vernon, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $117,289 |
| Monthly Rent | $783 |
| Price-to-Rent | 12.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.0% |
| Cap Rate | 5.2% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | -2.3% ▼ |
| 3-Year CAGR | -2.9% ▼ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (5.2%). 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 40460
Population: 1,269
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Which investment style suits Mount Vernon, KY?
In Mount Vernon, KY the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $117K prices and $783/mo rents suits that approach.
Is it easy to find good tenants in Mount Vernon, KY?
Tenant quality in Mount Vernon, KY ranks as solid. Landlords generally report consistent occupancy at market rents of $783/mo.
What monthly rent should investors expect in Mount Vernon, KY?
Rents in Mount Vernon, KY run near $783/mo. Compared with median home prices of $117K that produces solid gross yields for typical rentals.
Can I live-in-and-rent in Mount Vernon, KY?
Mount Vernon, KY is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $117K price point reasonable to enter.
How quickly do rentals get leased in Mount Vernon, KY?
Mount Vernon, KY sees elevated vacancy, which is reasonable relative to the broader KY rental market.
You know 40460 now. You don’t know where it ranks.
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