Market Overview
Home Prices in Fancy Farm, KY
The median home value in Fancy Farm, KY is $164,947 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 7.5% compared to a year ago and up 13.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fancy Farm are priced60% below average. Fancy Farm is part of the Mayfield, KY metro area.
Over the past five years, Fancy Farm home values have risen by approximately33.5%, reflecting strong long-term appreciation in this market.
Price History
Fancy Farm Home Price Trend
City Comparison
Fancy Farm vs. National Median
At $164,947, homes in Fancy Farm cost 60% below the national median of $410,000. This makes Fancy Farm a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Fancy Farm?
20% Down Payment
$32,989
on $164,947
Monthly P&I
$860/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,092/mo
incl. taxes & insurance
Income Needed
$43,680
gross annual (30% rule)
10% Down Option
$16,495
+ PMI applies
Loan Amount (20% dn)
$131,958
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Fancy Farm, KY?
The median home value in Fancy Farm is $164,947 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 7.5% year-over-year.
How much have home prices changed in Fancy Farm?
Over the past year, home values in Fancy Farm have decreased by 7.5%. Over five years, prices have risen approximately 33.5%.
How much do I need to earn to buy a home in Fancy Farm?
To comfortably afford the median home price of $164,947 with a 20% down payment ($32,989) at today's rates (6.8%), you'd need a gross annual income of approximately $43,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Fancy Farm compare to the national average home price?
The national median home value is approximately $410,000. At $164,947, homes in Fancy Farm are 60% below the national average.
What metro area is Fancy Farm part of?
Fancy Farm is part of the Mayfield, KY metropolitan area. Home prices and market conditions can vary across the broader metro region.