Graves County, KY Average Home Price (2026)
The average home price in Graves County, Kentucky is about $189,500 (the 2026 median across 10 ZIP codes, at ~$121/sq ft) — 5% more expensive than the Kentucky median and 34% more affordable than the typical U.S. home.
How Graves County compares
Graves County is relatively affordable for housing nationally: its typical home costs $189,500 against $181,000 for Kentucky and $289,000 for the U.S. Within the county, ZIP-level values run from about $110,000 to $232,000.
| Area | Typical value | $ / sq ft |
|---|---|---|
| Graves County | $189,500 | $121 |
| Kentucky | $181,000 | $152 |
| United States | $289,000 | $193 |
Graves County home prices by ZIP code
The 10 most valuable ZIP codes in Graves County (of 10 with data):
| ZIP code | Typical value | $ / sq ft | vs county |
|---|---|---|---|
| 42027 Boaz | $232,000 | $134 | +22% |
| 42069 Melber | $222,000 | $117 | +17% |
| 42040 Farmington | $208,000 | $113 | +10% |
| 42051 Hickory | $201,000 | $305 | +6% |
| 42079 Sedalia | $191,000 | $118 | +1% |
| 42082 Symsonia | $188,000 | $151 | -1% |
| 42039 Fancy Farm | $177,000 | $124 | -7% |
| 42066 Mayfield | $168,000 | $134 | -11% |
| 42088 Wingo | $163,000 | $108 | -14% |
| 42085 Water Valley | $110,000 | $81 | -42% |
Home value appreciation in Graves County
Home prices in Graves County have risen about 71% over the last 10 years (≈5.5% a year) and +95.9% over 20 years, according to the FHFA house price index through 2025. The most recent year came in at +7.3% — still rising. A home worth $189,500 today was worth roughly $111,144 ten years ago.
See where that trend takes a specific home with the home appreciation calculator — statewide, Kentucky is +84.1% over the same 10 years. Past appreciation is a track record, not a forecast; local prices can fall.
Calculators for Graves County
Run the numbers for Graves County with the local rates already filled in — change any input to test your own situation.
Salary needed to buy a home in Graves County
To buy the typical $189,500 home in Graves County with 20% down, you need a household income of roughly $52,000 a year (about $1,200 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $61,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $9,500 | $1,500/mo | $64,000/yr |
| 10% (+PMI) | $19,000 | $1,430/mo | $61,000/yr |
| 20% | $37,900 | $1,200/mo | $52,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in Graves County
At about $121 per square foot, here is roughly how much home different budgets get you in Graves County:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 1240 sq ft | below the local median — condos, smaller or older homes |
| $200k | 1650 sq ft | around the typical home here |
| $250k | 2070 sq ft | above the median — larger homes or the pricier ZIPs |
| $300k | 2480 sq ft | above the median — larger homes or the pricier ZIPs |
| $400k | 3310 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to Kentucky.
Estimate a specific home in Graves County
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Graves County home prices: frequently asked
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Browse all Kentucky cities and counties, or look up price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research; FHFA house price index; Census ZIP-to-county relationships), not appraisals.