40353 — Bourbon County, Kentucky Market Snapshot
Housing market data for zip code 40353 in Bourbon County, Kentucky. Updated monthly with median prices, days on market, and more.
Market Sales Data
60 sales in 2026 (year to date)
Median Sale Price
$246,250
Days to Sell
96
Homes Sold
60
Inventory
63
Sale-to-List
97.5%
New Listings
75
Price/SqFt
$146
Pending Sales
71
Conforming Loan Available
Most homebuyers in 40353 can comfortably use conventional financing. The median home price of $246,250 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 96 days on average, 40353 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 40353 sells for 2.5% below asking price (97.5% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 40353 can comfortably use conventional financing. The median home price of $246,250 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 40353 are set at the county level.
2026 Loan Limits — Bourbon County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 40353
To purchase the median home at $246,250 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,037.
Monthly Payment
$2,037
Income Required
$87,286
Principal & Interest
$1,517/mo
Down Payment (5%)
$12,313
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 40353.
Estimated Monthly Payment
$1,674
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