Market Overview
Home Prices in Gamaliel, KY
The median home value in Gamaliel, KY is $138,744 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3% compared to a year ago and up 8.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gamaliel are priced66% below average.
Over the past five years, Gamaliel home values have risen by approximately33.1%, reflecting strong long-term appreciation in this market.
Price History
Gamaliel Home Price Trend
2020
$83,052
$83K
—
2021
$104,249
$104K
+25.5%
2022
$122,912
$123K
+17.9%
2023
$121,818
$122K
-0.9%
2024
$131,362
$131K
+7.8%
2025
$143,099
$143K
+8.9%
2026
$138,744
$139K
-3.0%
City Comparison
Gamaliel vs. National Median
🏠 Gamaliel
$138,744
National Median
$410,000
At $138,744, homes in Gamaliel cost 66% below the national median of $410,000. This makes Gamaliel a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gamaliel?
20% Down Payment
$27,749
on $138,744
Monthly P&I
$724/mo
30-yr @ 6.8%
Total Monthly Est.
~$919/mo
incl. taxes & insurance
Income Needed
$36,760
gross annual (30% rule)
10% Down Option
$13,874
+ PMI applies
Loan Amount (20% dn)
$110,995
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 Gamaliel, KY?
The median home value in Gamaliel is $138,744 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3% year-over-year.
How much have home prices changed in Gamaliel?
Over the past year, home values in Gamaliel have decreased by 3%. Over five years, prices have risen approximately 33.1%.
How much do I need to earn to buy a home in Gamaliel?
To comfortably afford the median home price of $138,744 with a 20% down payment ($27,749) at today's rates (6.8%), you'd need a gross annual income of approximately $36,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Gamaliel compare to the national average home price?
The national median home value is approximately $410,000. At $138,744, homes in Gamaliel are 66% below the national average.