Real Estate Investing in Mount Sherman, Kentucky (42764)
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Should you buy in 42764 (Mount Sherman, 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: 14.2% of homes vacant — above national norms.
- Elevated poverty: 26.7% poverty rate — can affect rent collection.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Mount Sherman, KY (42764)?
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Market Analysis: 42764 Mount Sherman
The 42764 ZIP covers a section of Mount Sherman that demands careful diligence. Prices near $195K look accessible, but the work to make a deal cash flow is real.
From an investor standpoint, the numbers look inviting — $195K purchase price, 0.0% nominal cap — the work to hit that pro forma in 42764 is substantial and deserves full respect.
From a cash-flow lens, 42764 offers a low basis, the region around Mount Sherman has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 42764 includes headwinds that any investor should price in. Income distribution skews lower than Mount Sherman averages, and tenant stability requires active management.
Distressed ZIPs reward experience. substantial returns are possible in 42764, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Mount Sherman:
Market Trends
Home Value History (with trend line)
📊 How Does 42764 Compare?
| Metric | 42764 | Mount Sherman | Campbellsville, KY | Kentucky |
|---|---|---|---|---|
| Home Value | $194,861 | $194,861 | N/A | $225,788 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 6.9% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 42764 (Mount Sherman, KY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $194,861 |
| Monthly Rent | $873 |
| Price-to-Rent | 18.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | -0.6% ▼ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (3.5%). 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 42764
Population: 487
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
Is Mount Sherman in KY worth investing in?
Investors tracking Mount Sherman, KY will find a 3.0/5 rating supported by $195K median home values and $873/mo rents. That profile suits long-term holders targeting measured returns.
What is the average monthly rent in Mount Sherman, KY?
Expect rents around $873/mo per month in Mount Sherman, KY. With home values at $195K, the yield math works out to reasonable levels for rental investors.
How should investors approach Mount Sherman, KY?
Most investors in Mount Sherman, KY run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Does house hacking make sense in Mount Sherman, KY?
House hacking works a challenging in Mount Sherman, KY. Rents of $873/mo against $195K acquisition make the strategy solid for owner-occupants.
What is the median home value in Mount Sherman, KY?
Typical homes in Mount Sherman, KY go for around $195K. The 5-year CAGR of 0.0% measured price movement.
You know 42764 now. You don’t know where it ranks.
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How 42764 ranks in Campbellsville, KY
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