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Affordable
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These days, finding an affordable place to live in the Garrard area can be challenging. Home prices in Garrard are now at a median cost of $116,317, lower than the Kentucky average of $219,615.
The average cost of rent is $760/mo in Garrard, primarily driven by the current value of real estate in the Garrard area. In Garrard, 44.97% of households rent, and 67.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Garrard is $2,392 per month. Households that rent pay about 31.77% of their income on rent here. Garrard’s most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bluehole, KY: less expensive homes
- Manchester, KY: equally priced homes
- Spurlock, KY: equally priced homes
- Lincoln, KY: less expensive homes
- Fall Rock, KY: less expensive homes
- Urban, KY: less expensive homes
- Sidell, KY: higher priced homes
- Hector, KY: less expensive homes
- Big Creek, KY: less expensive homes
- Ogle, KY: less expensive homes
Cities with Similar Populations
- Georgeville, NC: higher priced homes
- Goehner, NE: higher priced homes
- Glenover, NE: higher priced homes
- West Point, IL: less expensive homes
- Westlake, OR: higher priced homes
- Glen Alice, TN: higher priced homes
- Gladwin, IA: higher priced homes
- Gladesboro, VA: higher priced homes
- Weybridge Hill, VT: higher priced homes
- Giddensville, NC: equally priced homes
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