Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$208,363+2.5% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 28% have cut their price
Income needed to buy, per year$45,169About 0.7× the local median income ($67,617): affordable for a typical household
Days on market82 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+3.0%Zillow expects prices to rise slightly
The typical home in Gallatin County, KY is worth $208,363, up 2.5% from a year ago. That is well above what local incomes have historically supported: fair value is about $176,707, so the area is 17.9% overvalued. It is a balanced market, leaning toward buyers: homes take about 82 days to sell, listings are up 5% from a year ago, 28% of listings have had a price cut. Zillow expects prices to rise about 3.0% over the next year. A household needs about $45,169 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $67,617. In the latest IRS figures, 31 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$208,363
Change in 1 year
+2.5%
Overvalued %
+17.9%
Show 7 more
Fair home value
$176,707
Change in 5 years
+27.1%
Zillow forecast, next 12 months
+3.0%
Home value to income
3.1×
Monthly mortgage payment (20% down)
$1,129
Income needed to afford it
$45,169
Property tax rate
0.83%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,442
Market activity
Listings vs a year ago
+5.3%
Days on market
82
Listings with a price cut
27.6%
Show 3 more
Homes for sale
20
Pending sales per 100 listings
25
Asking price per sq ft
$194
People and jobs
Median household income
$67,617
Population change (1 year)
+0.9%
Unemployment rate
4.6%
Show 4 more
Population
8,840
Income adjusted for cost of living
$70,877
Net moves in (IRS)
+31
Cost of living (US = 100)
95.4
Schools, risk and environment
School rating (1 to 10)
3.7
FEMA hazard risk score (0 to 100)
17.3
Flood risk score
33.9
Show 3 more
Wildfire risk score
2.0
Walkability (1 to 20)
5.1
Road, rail and air noise
56 dB
Questions people ask
Is Gallatin County, KY overvalued?
Home prices in Gallatin County, KY are well above what local incomes have historically supported: fair value is about $176,707, so the area is 17.9% overvalued.
Is Gallatin County, KY a buyer's or seller's market?
Gallatin County, KY is a balanced market, leaning toward buyers: homes take about 82 days to sell, listings are up 5% from a year ago, 28% of listings have had a price cut.
Are home prices going down in Gallatin County, KY?
Home values in Gallatin County, KY are up 2.5% over the last year. Zillow's forecast for the next 12 months is +3.0%.
How much do you need to earn to buy a home in Gallatin County, KY?
A household needs about $45,169 a year to afford the typical home in Gallatin County, KY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $67,617.