Gallatin County, Kentucky Housing Market
In Gallatin County, Kentucky, the median home value is $178,200, with a median monthly rent of $832. This places Gallatin County at #1665 nationally out of 3134 counties by median home value, and #37 within Kentucky.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,504
- Establishments: 146
- BLS QCEW, 2025
Housing Supply
- Single-family: 51
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 3,241 (avg $61,727)
- Outflow: 3,056 (avg $62,023)
- IRS Statistics of Income
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| Metric | Gallatin County | Kentucky Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $178,200 | $160,835 | $227,706 |
| Median Gross Rent | $832 | $793 | $968 |
| Owner Occupancy Rate | 75.1% | 73.4% | 73.3% |
| Price/Rent Ratio | 17.8 | 16.6 | 18.7 |
Market Analysis
The median home value in Gallatin County is 10.8% above the Kentucky state average and 21.7% below the U.S. national average. The median rent of $832/month is 4.9% above the state average.
With a price-to-rent ratio of 17.8, the buy-vs-rent decision in Gallatin County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Gallatin County has an owner-occupancy rate of 75.1%, compared to 73.4% in Kentucky and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Madison County | Arkansas | $178,100 | $729 |
| Jackson County | Indiana | $178,300 | $1,004 |
| St. Joseph County | Michigan | $178,300 | $849 |
| Adams County | Indiana | $178,400 | $833 |
| Barren County | Kentucky | $178,000 | $796 |
Other Counties in Kentucky
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Barren County | $178,000 | $796 | 65.2% |
| Washington County | $179,200 | $744 | 77.6% |
| Taylor County | $174,200 | $718 | 68.8% |
| Marshall County | $173,800 | $798 | 81.6% |
| Christian County | $173,600 | $1,040 | 50.0% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).