Mount Washington, KY—40047
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mount Washington, KY
As of Oct '25, the median home price in Mount Washington, KY is $319,000, with a year-over-year change of 4.3%. This indicates that home prices in Mount Washington, KY are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $319,000 | 4.3% |
| Single Family | $321,000 | 4.6% |
| Condos | $238,000 | 10.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $243,000 | 5.7% |
3 Bed | $303,000 | 4.1% |
4 Bed | $410,000 | 3.8% |
| 5 Bed | $484,000 | 2.8% |
% of Housing Stock
Rental Trends — Mount Washington, KY
As of July '25, Rentcast reports the average rent in Mount Washington, KY is $1,650, with a year-over-year rent change of 1.2%. Per bedroom, the median rent as of July '25 in Mount Washington, KY is 2-bedrooms: $1,120, 3-bedrooms: $1,690, 4-bedrooms: $3,000. The most common rental property sizes in Mount Washington, KY are 2-bedroom and 3-bedroom, accounting for 51.0% and 24.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,650 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,130 | $1,120 |
| 3 Bed Rent | $1,680 | $1,690 |
| 4 Bed Rent | $3,000 | $3,000 |
% of Rental Stock
Property Listings — Mount Washington, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Mount Washington, KY is 27. This is a increase of 5.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $327,000 | 6.0% |
Listing Count | 131 | 19.0% |
| Listings as % of Homes | 0.9% | 19.0% |
Days on Market | 27 | 5.0% |
Demographics — Mount Washington, KY
As of the latest ACS Survey released in 2023, Mount Washington, KY has a population of 23,200, which has increased by 14.8% over the past 5 years. Mount Washington, KY is a moderately popular place for families, as children make up 24.5% of the population. The area has a poorly educated workforce, with 24.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,200 | 14.8% |
% Under 18 | 24.5% | -5.4% |
% Seniors | 15.4% | 15.8% |
% WFH | 9.5% | 150.0% |
% w/ College Degree | 24.8% | 30.5% |
As of the latest ACS Survey released in 2023, Mount Washington, KY is a predominantly white area, with 92.3% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Mount Washington, KY is hispanic, making up 2.9% of the population. Foreign-born residents account for 2.0% of the population in Mount Washington, KY, and this percentage has increased by 81.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.3% | -3.9% |
% Black | 0.1% | -80.0% |
% Hispanic | 2.9% | 93.3% |
% Asian | 0.5% | 0.0% |
% Foreign Born | 2.0% | 81.8% |
Mortgage and Risk — Mount Washington, KY
According to HUD data as of 2023, there were 796 mortgage originations in Mount Washington, KY, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Mount Washington, KY. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 796 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Mount Washington, KY
Mount Washington, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 207 |
Total Units Section 8 | 207 |
% Rentals under Section 8 | 21.5% |
% Occupied Section 8 | 68.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $980 |
| 2 Bedroom | $60 | $1,130 | $1,190 |
| 3 Bedroom | -$140 | $1,680 | $1,540 |
| 4 Bedroom | -$1,220 | $3,000 | $1,780 |
Affordability — Mount Washington, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $319,000 |
| Median Household Income | $93,600 |