Mount Sterling, KY—40353
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mount Sterling, KY
As of Oct '25, the median home price in Mount Sterling, KY is $222,000, with a year-over-year change of 4.8%. This indicates that home prices in Mount Sterling, 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 | $222,000 | 4.8% |
| Single Family | $222,000 | 4.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $157,000 | 4.7% |
3 Bed | $221,000 | 5.2% |
4 Bed | $309,000 | 5.1% |
| 5 Bed | $423,000 | 5.0% |
% of Housing Stock
Rental Trends — Mount Sterling, KY
As of July '25, Rentcast reports the average rent in Mount Sterling, KY is $918, with a year-over-year rent change of 2.3%. Per bedroom, the median rent as of July '25 in Mount Sterling, KY is 1-bedrooms: $781, 2-bedrooms: $1,020, 3-bedrooms: $1,100. The most common rental property sizes in Mount Sterling, KY are 2-bedroom and 3-bedroom, accounting for 46.7% and 29.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $918 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $795 | $781 |
| 2 Bed Rent | $875 | $1,020 |
| 3 Bed Rent | $1,100 | $1,100 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mount Sterling, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Mount Sterling, KY is 48. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $297,000 | 2.0% |
Listing Count | 112 | 35.0% |
| Listings as % of Homes | 0.7% | 35.0% |
Days on Market | 48 | -6.0% |
Demographics — Mount Sterling, KY
As of the latest ACS Survey released in 2023, Mount Sterling, KY has a population of 22,500, which has remained stable by -0.1% over the past 5 years. Mount Sterling, KY is a moderately popular place for families, as children make up 21.7% of the population. The area has a poorly educated workforce, with 21.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,500 | -0.1% |
% Under 18 | 21.7% | -9.6% |
% Seniors | 18.5% | 14.9% |
% WFH | 7.6% | 162.1% |
% w/ College Degree | 21.7% | 20.6% |
As of the latest ACS Survey released in 2023, Mount Sterling, KY is a predominantly white area, with 90.8% of the population identifying as white. The white population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Mount Sterling, KY is hispanic, making up 3.8% of the population. Foreign-born residents account for 1.4% of the population in Mount Sterling, KY, and this percentage has increased by 40.0% 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 | 90.8% | -0.9% |
% Black | 3.3% | -8.3% |
% Hispanic | 3.8% | 18.8% |
% Asian | 0.5% | 400.0% |
% Foreign Born | 1.4% | 40.0% |
Mortgage and Risk — Mount Sterling, KY
According to HUD data as of 2023, there were 419 mortgage originations in Mount Sterling, KY, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Mount Sterling, KY. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 419 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Mount Sterling, KY
Mount Sterling, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 398 |
Total Units Section 8 | 171 |
% Rentals under Section 8 | 5.1% |
% Occupied Section 8 | 73.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $95 | $795 | $890 |
| 2 Bedroom | $185 | $875 | $1,060 |
| 3 Bedroom | $340 | $1,100 | $1,440 |
| 4 Bedroom | N/A | N/A | $1,630 |
Affordability — Mount Sterling, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $222,000 |
| Median Household Income | $57,000 |