The typical owner-occupied home in Gallatin County is worth about $178,200, 13% below the Kentucky median of $205,600 and 46% below the national median of $332,700. Owners pay a median $1,476 a year in property taxes, about 0.83% of their home's value, higher than the Kentucky rate of 0.75%. The median household earns $63,346 a year, so the median home costs 2.8 times the median income (3.2 times for Kentucky). 75% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Gallatin County at a glance
| Gallatin County | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $178,200 | $205,600 | $332,700 |
| Median property tax paid per year | $1,476 | $1,544 | $3,119 |
| Property tax as a share of value | 0.83% | 0.75% | 0.94% |
| Median household income | $63,346 | $63,726 | $80,734 |
| Homes lived in by their owners | 75% | 68% | 65% |
| Owner homes with a mortgage | 51% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,264 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 19.9% | 18.8% | 21.0% |
| Median rent | $832 | $967 | $1,413 |
| Rent as a share of renters' income | 23.1% | 28.1% | 30.6% |
| Median year homes were built | 1993 | 1982 | 1980 |
| Vacant homes | 14.4% | 10.3% | 10.1% |
| Population | 8,769 | 4,534,824 | 334,922,499 |
What a typical home costs per month in Gallatin County
At this week's average 30-year rate of 7.11%, buying the median Gallatin County home of $178,200 with 20% down costs about $1,157 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,453, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $49,565 for the 20%-down payment. That payment is 22% of the median Gallatin County household income of $63,346; at that income and 20% down, the 28% guideline points to a home of about $228,000.
The median rent here is $832 a month, so owning the median home costs about $325 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $35,640 |
|---|---|
| Loan amount | $142,560 |
| Principal and interest | $959 |
| Property taxes (0.83% a year) | $123 |
| Homeowners insurance (our estimate, 0.5% a year) | $74 |
| PMI | $0 |
| Total per month | $1,157 |
Change the numbers in the calculator
| Down payment | $6,237 |
|---|---|
| Loan amount | $174,972 |
| Principal and interest | $1,177 |
| Property taxes (0.83% a year) | $123 |
| Homeowners insurance (our estimate, 0.5% a year) | $74 |
| FHA mortgage insurance | $79 |
| Total per month | $1,453 |
Change the numbers in the calculator
Questions about home buying in Gallatin County
What is the median home value in Gallatin County?
About $178,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Gallatin County?
Homeowners pay a median $1,476 a year, which is about 0.83% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Gallatin County?
For the median home with 20% down at 7.11%, the payment is about $1,157 a month. Keeping that under 28% of gross income takes about $49,565 a year.
More about Gallatin County
- Mortgage Refinance in Gallatin County
- Debt Relief in Gallatin County
- Home Equity Loans in Gallatin County
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data