Gallatin County, KY

Home values #

Typical home $208,291 (Aug 2026), +3.8% over one year, +29.9% over five

• 39th pct · 1,844th of 3,063 US counties · median $234,566
• 67th pct · 40th of 120 Kentucky counties · median $181,373
• 7th pct · 14th of 15 counties in the Cincinnati metro · median $287,730

Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.

Rents #

Zillow publishes no rent index for this area (ZORI covers about 1,400 counties)

• US counties: not published this period
• Kentucky counties: not published this period
• counties in the Cincinnati metro: not published this period

Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).

What the typical home costs to carry #

Principal and interest of $1,140 a month on $208,291 at 7.28%, against an average weekly wage worth $6,314 a month: 18.1% of one job’s pay.

• payment = P·r / (1 − (1+r)^−n), P = $208,291 × 80% = $166,633, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $1,140/mo principal and interest
• wage share = payment / (avg weekly wage $1,457 × 52 / 12 = $6,314) = 18% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
• years of wages = $208,291 / ($1,457 × 52) = 2.7

The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.

Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.

Jobs & wages #

2,591 jobs at 172 employers (2026 Q1); +1.7% jobs and -1.0% average weekly wage over the year

• 21st pct · 2,540th of 3,221 US counties · median 8,232
• 26th pct · 88th of 120 Kentucky counties · median 5,237
• 21st pct · 12th of 15 counties in the Cincinnati metro · median 14,828

BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.

Drought #

No drought class at this point (USDM covers the United States only)

Sites found: 5, searched within 0 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 0 km away are not.

US Drought Monitor current week; the highest class of any polygon containing the point.

Reservoirs #

No reservoir gauges within 150 km (or the camera is above the gauge altitude)

Sites found: 0, searched within 150 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 150 km away are not.

Σ(capacity × percent full) / Σ capacity over TWDB reservoirs within 150 km. Texas only; elsewhere USGS reservoir elevation/storage is listed without a capacity to normalise by.

Stream gauges #

82 gauges · 0 flooding · 11 with quality panels averaging 93 % · 26 stale

Sites found: 82, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.

USGS latest readings screened against EPA freshwater criteria (DO ≥ 5 mg/L, pH 6.5–9, conductance, turbidity, temperature); NWS flood categories where a NWPS gauge is co-located.

Groundwater #

31 wells in 1 named aquifer: Sand and gravel aquifers (glaciated regions)

Sites found: 31, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.

USGS latest daily water levels. A single latest reading says where the table is, not which way it is moving; select a well for its 365-day trace.

Water stress #

low (0.03)

Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.00 + 0.2×0.07 / 0.55

Banks & federal dollars #

$89.4 m in deposits at 3 offices of 3 banks (SOD June 2026); HHI 4,060, highly concentrated. $39.9 m federal obligations in FY2026 (direct payments $32.4 m, grants $6.6 m), $15,418 per covered job

Deposit concentration is 4,060 across 3 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.

HHI = Σ (share %)² over 3 banks with deposits in the county = 53.1² + 31.9² + 15.0² = 4,060

FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.

Federal obligations #

USAspending place-of-performance obligations for FY2026, by awarding agency.

That is $15,418 per covered job, against 2,591 jobs in the 2026 Q1 QCEW quarter.

per job = FY2026 obligations $39.9 m / 2,591 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $15,418

USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.

National context, not this county #

These are United States, single-gauge, single-state and port series. None of them is keyed to this county.

The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.

What changed #

Gallatin County, KY: 12 findings, 3 at a watch level and 9 noted

1. watchGallatin County, KY's average weekly wage is -1.0% against a year earlier, a watch level here: average weekly wage below the same quarter a year earlier, before inflation (BLS QCEW over-the-year percent change, as published, nominal dollars; convention chosen for this dashboard, not an official level). The previous published period is not in this table, so this is a standing level rather than a change.

   Period 2026 Q1.
   Show the arithmetic

   • test: jobs.yoy.avgWeeklyWage = -1 < 0

   BLS QCEW over-the-year percent change, as published, nominal dollars; convention chosen for this dashboard, not an official level

2. watchGallatin County, KY's typical home value is -1.5% against the previous month, a watch level here: typical home value at least 1 percent below the previous month (arithmetic on the Zillow ZHVI month columns; convention chosen for this dashboard, not an official level). The previous published period is not in this table, so this is a standing level rather than a change.

   Period 2026-08.
   Show the arithmetic

   • test: home.momPct = -1.5172990897750327 <= -1
   • month-over-month percent change = (newest month − previous month) / |previous month| × 100, from Zillow's own published month columns

   arithmetic on the Zillow ZHVI month columns; convention chosen for this dashboard, not an official level

3. watchGallatin County, KY's typical home value of +3.8% scores 59 on the 0-to-100 scale across US counties but 90 across Kentucky counties, a gap of 31 points.

   Period 2026-08.
   Show the arithmetic

   • 31 = |59 across US counties - 90 across Kentucky counties|

   position among the entities that published this metric this period; not an official level

4. noteGallatin County, KY's covered employment was 1.7% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.

   Period 2026 Q1.
   Show the arithmetic

   • +1.7 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
   • the newest QCEW file carries no year-earlier level, so no move from one level to another is printed

   BLS QCEW over-the-year percent change, as published

5. noteGallatin County, KY's typical home value fell 1.5% from $211,500 in July 2026 to $208,291 in August 2026, on Zillow ZHVI.

   Period 2026-08.
   Show the arithmetic

   • -1.5% = (208290.92642449276 - 211500.0142150518) / 211500.0142150518 × 100
   • 208290.92642449276 = Zillow ZHVI, 2026-08
   • 211500.0142150518 = Zillow ZHVI, 2026-07

Read all 12 findings in the full brief

Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.