Market Overview
Home Prices in Garrett, KY
The median home value in Garrett, KY is $56,279 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 28.4% compared to a year ago and up 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Garrett are priced86% below average.
Over the past five years, Garrett home values have fallen by approximately25.5%, reflecting softening conditions in this market.
Price History
Garrett Home Price Trend
2020
$64,443
$64K
—
2021
$75,502
$76K
+17.2%
2022
$76,626
$77K
+1.5%
2023
$78,736
$79K
+2.8%
2024
$78,427
$78K
-0.4%
2025
$78,643
$79K
+0.3%
2026
$56,279
$56K
-28.4%
City Comparison
Garrett vs. National Median
🏠 Garrett
$56,279
National Median
$410,000
At $56,279, homes in Garrett cost 86% below the national median of $410,000. This makes Garrett a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Garrett?
20% Down Payment
$11,256
on $56,279
Monthly P&I
$294/mo
30-yr @ 6.8%
Total Monthly Est.
~$373/mo
incl. taxes & insurance
Income Needed
$14,920
gross annual (30% rule)
10% Down Option
$5,628
+ PMI applies
Loan Amount (20% dn)
$45,023
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 Garrett, KY?
The median home value in Garrett is $56,279 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 28.4% year-over-year.
How much have home prices changed in Garrett?
Over the past year, home values in Garrett have decreased by 28.4%. Over five years, prices have fallen approximately 25.5%.
How much do I need to earn to buy a home in Garrett?
To comfortably afford the median home price of $56,279 with a 20% down payment ($11,256) at today's rates (6.8%), you'd need a gross annual income of approximately $14,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Garrett compare to the national average home price?
The national median home value is approximately $410,000. At $56,279, homes in Garrett are 86% below the national average.