Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$259,741+2.4% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 26% have cut their price
Income needed to buy, per year$56,306About 0.9× the local median income ($64,539): affordable for a typical household
Days on market77 daysSlower than a year ago: buyers have time to negotiate
The typical home in Garrard County, KY is worth $259,741, up 2.4% from a year ago. That is well above what local incomes have historically supported: fair value is about $208,034, so the area is 24.9% overvalued. It is a balanced market, leaning toward buyers: homes take about 77 days to sell, listings are up 9% from a year ago, 26% of listings have had a price cut. A household needs about $56,306 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 $64,539. In the latest IRS figures, 180 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
$259,741
Change in 1 year
+2.4%
Overvalued %
+24.9%
Show 6 more
Fair home value
$208,034
Change in 5 years
+34.4%
Home value to income
4.0×
Monthly mortgage payment (20% down)
$1,408
Income needed to afford it
$56,306
Property tax rate
0.69%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$941
Market activity
Listings vs a year ago
+8.7%
Days on market
77
Listings with a price cut
26.4%
Show 3 more
Homes for sale
75
Pending sales per 100 listings
29
Asking price per sq ft
$204
People and jobs
Median household income
$64,539
Population change (1 year)
+1.4%
Unemployment rate
5.2%
Show 4 more
Population
18,207
Income adjusted for cost of living
$75,661
Net moves in (IRS)
+180
Cost of living (US = 100)
85.3
Schools, risk and environment
School rating (1 to 10)
5.6
FEMA hazard risk score (0 to 100)
30.2
Flood risk score
40.9
Show 3 more
Wildfire risk score
18.1
Walkability (1 to 20)
4.2
Road, rail and air noise
55 dB
Questions people ask
Is Garrard County, KY overvalued?
Home prices in Garrard County, KY are well above what local incomes have historically supported: fair value is about $208,034, so the area is 24.9% overvalued.
Is Garrard County, KY a buyer's or seller's market?
Garrard County, KY is a balanced market, leaning toward buyers: homes take about 77 days to sell, listings are up 9% from a year ago, 26% of listings have had a price cut.
Are home prices going down in Garrard County, KY?
Home values in Garrard County, KY are up 2.4% over the last year.
How much do you need to earn to buy a home in Garrard County, KY?
A household needs about $56,306 a year to afford the typical home in Garrard County, KY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $64,539.