Market Overview
Home Prices in Flatgap, KY
The median home value in Flatgap, KY is $128,091 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 12% compared to a year ago and up 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Flatgap are priced69% below average.
Over the past five years, Flatgap home values have risen by approximately16.8%, reflecting steady appreciation in this market.
Price History
Flatgap Home Price Trend
2020
$89,336
$89K
—
2021
$109,646
$110K
+22.7%
2022
$126,921
$127K
+15.8%
2023
$132,447
$132K
+4.4%
2024
$141,343
$141K
+6.7%
2025
$145,575
$146K
+3.0%
2026
$128,091
$128K
-12.0%
City Comparison
Flatgap vs. National Median
🏠 Flatgap
$128,091
National Median
$410,000
At $128,091, homes in Flatgap cost 69% below the national median of $410,000. This makes Flatgap a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Flatgap?
20% Down Payment
$25,618
on $128,091
Monthly P&I
$668/mo
30-yr @ 6.8%
Total Monthly Est.
~$848/mo
incl. taxes & insurance
Income Needed
$33,920
gross annual (30% rule)
10% Down Option
$12,809
+ PMI applies
Loan Amount (20% dn)
$102,473
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 Flatgap, KY?
The median home value in Flatgap is $128,091 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 12% year-over-year.
How much have home prices changed in Flatgap?
Over the past year, home values in Flatgap have decreased by 12%. Over five years, prices have risen approximately 16.8%.
How much do I need to earn to buy a home in Flatgap?
To comfortably afford the median home price of $128,091 with a 20% down payment ($25,618) at today's rates (6.8%), you'd need a gross annual income of approximately $33,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Flatgap compare to the national average home price?
The national median home value is approximately $410,000. At $128,091, homes in Flatgap are 69% below the national average.