Mt. Sterling, KY Real Estate
According to census data in the year 2000 there were 2,842 housing units in Mt. Sterling.
This represents a 18.6% growth from 2,396 in 1990.
Of those housing units, 2,819 were located in either urbanized areas or urban clusters, and 23 were located in what is classified as a rural area.
Homeownership rate in Mt. Sterling is about 50.2%.
Mt. Sterling's vacancy rate, including seasonal lodging, is about 12%.
Average household size is 2.24 people.
The majority of houses, apartments or condos in Mt. Sterling were built after 1965.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.80% |
| One Bedroom | 12.70% |
| Two Bedrooms | 35.90% |
| Three Bedrooms | 37.40% |
| Four Bedrooms | 9.70% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.45 |
| Median year structure was built | 1959 |
| Median Value of occupied units | $80,700 |
| Median Price asked for vacant units | $109,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.02 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $289 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4% |
| Home Equity Loan | 8.40% |
| Simple Mortgage | 50.80% |
| Debt Free | 36.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.7% |
