Garrard County, Kentucky home prices
Typical home $259,741 · +2.4% in a year · property tax 0.69%
The typical home in Garrard County is worth $259,741, 12% more than the Kentucky typical home ($230,909). Values changed +2.4% in the past year and +34.4% over five years. Homeowners here pay a median 0.69% of their home's value in property tax each year ($1,803 on the typical home), versus 0.72% statewide.
Mortgage on the typical Garrard County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $51,948 | $207,793 | $1,398 | $0 | $280 | $1,678 | $71,900 |
| 10% down | $25,974 | $233,767 | $1,573 | $97 | $280 | $1,950 | $83,600 |
| 5% down | $12,987 | $246,754 | $1,660 | $103 | $280 | $2,043 | $87,500 |
| 3.5% down (FHA) | $9,091 | $255,036 | $1,716 | $115 | $280 | $2,111 | $90,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.69% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Kentucky.
Kentucky counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Bourbon County | $259,793 | -0.9% | 0.71% |
| Anderson County | $263,940 | +1.5% | 0.75% |
| Jefferson County | $264,274 | +1.4% | 0.86% |
| Nelson County | $264,631 | +3.9% | 0.79% |
| Washington County | $253,862 | +2.5% | 0.66% |
| Clark County | $253,267 | +4.8% | 0.71% |
| Simpson County | $253,079 | +0.6% | 0.6% |
| Henry County | $250,928 | +2.4% | 0.81% |
| Franklin County | $248,638 | +0.0% | 0.79% |
| Grant County | $272,511 | +3.1% | 0.68% |
Frequently asked questions
What is the average home price in Garrard County, KY?
The typical home value in Garrard County is $259,741 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Garrard County?
About $71,900 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Garrard County?
The median effective rate is 0.69% of home value a year (Census ACS 2024 5-year estimates).