Counties / Kentucky / Hart County

Hart County, KY

FIPS 21099 · population 19,603 · outside every metro area

$193k
Zillow home value · 2026-06
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$193k
▼ 1.5% year over year
Zillow ZHVI · direct
ACS median gross rent
$693
occupied-unit survey; not current asking rent
Census ACS · surveyed
Gross yield
n/a
gross yield cannot be computed without measured market rent
requires both measured price and measured rent
HUD 2-bed standard
$866
the Section 8 payment standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

The annual signals disagree
FHFA five-year cumulative+55.5%not annualized · through 2025
0%ZILLOW ZHVI2026-06−1.5%FHFA HPI2025+3.8%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-07-28.
Owner-reported value$146k
Surveyed gross rent$693
Rent burden 30%+35.5%
Median year built1983
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
17.4%vacant
8,929estimated housing units
Occupied tenure27.6% renter
owner 72.4%renter 27.6%
Structure mix73.5% single-family
Single-family 73.5%20+ units 1.2%Mobile home 18.2%Other 7.2%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs5,466▲ 3.7% from the prior annual release
Covered establishments417annual average reporting locations
Average weekly wage$1,020▲ 1.6% from the prior annual release
Largest private supersectorManufacturing59.7% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS+3.7%WEEKLY WAGE+1.6%Manufacturing59.7%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

Hart County is a verification case for investors able to test current rents, parcel flood exposure, and listing competition; those relying on a single county appreciation signal should be cautious. Zillow’s June 2026 county median home value was $193,263, down 1.51% year over year, while FHFA’s 2025 repeat-transaction HPI rose 3.83%. The observations differ in vintage and method: FHFA is an index of repeat transactions, not a home value. They cannot be averaged into a growth rate; together they flag a divergence between the later Zillow direction and earlier transaction-index direction.

02Housing economics

No county market asking rent is published. The $866 two-bedroom HUD FMR is a payment standard rather than an asking-rent estimate, so gross yield cannot be computed. The 0.66% effective property-tax rate and $965 median annual tax provide carrying-cost context, but neither establishes the tax bill, insurance expense, or operating cost of a specific asset. That leaves price-to-income, rent coverage, and net operating income untested.

03Demand & competition

Realtor.com’s MLS listing evidence shows active listings up 28.33% and a 56-day median marketing time. Its reported price-reduced share and pending ratio identify seller concessions and pending activity, respectively, but are not closed-sale prices or independent proof of buyer demand. Annual QCEW covered employment at county workplaces grew 3.74%, with Manufacturing the largest disclosed private supersector. Positive net migration paired with incoming movers’ average AGI exceeding outgoing movers’ by a calculated $10,477 supports a more constructive household-mover signal, while investor mortgages were 11.3% of 230 purchases. Neither indicator establishes tenant demand or attainable rent.

04Risk & next checks

Inland flood is the dominant hazard, and modeled annual climate loss equals 0.20% of building value. That county-level ratio is not a parcel loss estimate and must be read alongside flood-zone status, elevation, prior losses, coverage terms, deductibles, and insurance quotes. Missing market rents prevent gross-yield and cash-flow conclusions; missing closed sales, property condition, local rent comps, operating expenses, and financing terms prevent a property-level value, net-income, or debt-coverage conclusion. Verify each before using county signals in an asset underwriting.

Cities & communities

Where people live within Hart County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Horse Cave city2.1KMunfordville city1.9KBonnieville city326Hardyville CDP108
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

4 Census places

Population
  1. 01
    Horse Cave cityIncorporated place
    2,143
  2. 02
    Munfordville cityIncorporated place
    1,893
  3. 03
    Bonnieville cityIncorporated place
    326
  4. 04
    Hardyville CDPCensus-designated place
    108

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.200% of building value expected lost per year

Effective property tax0.66%

$965 median annual bill

02
DemandIRS SOI household flows
Net migration+33

451 in · 418 out

Arriving vs leaving income+$10,477

$46,869 arriving · $36,392 leaving

03
CompetitionHMDA financed purchases
Purchases by investors11.3%

26 of 230 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings77▲ 28.3% year over year
Median days on market56▲ 30.6% year over year
Listings price-reduced20.4%seller-concession signal
Median listing pricen/a▼ 1.4% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

No rent index is published for this county.Zillow’s county rent series does not cover every county, and estimating one from a neighbouring county would be a guess wearing a number’s clothes. Everything above is measured here; no wider market is mapped for it either.
Bear case

What can break the county thesis

  1. The Zillow and FHFA measures may reflect timing and methodology differences rather than a durable valuation signal.
  2. Parcel-specific flood exposure, insurance availability, and premiums may differ materially from the county-level climate-loss ratio.
  3. Unpublished market rents could differ from underwriting assumptions, leaving income and cash flow unsupported.
Underwriting questions

Before pricing a property

Can gross yield be calculated from this record?

No. County market asking rent is not published, and HUD FMR cannot be substituted for market rent.

Do Zillow and FHFA show the same current price trend?

No. The later Zillow county home-value observation declined, while the earlier annual FHFA repeat-transaction index increased; they are different measures and periods.

Does the record show investor mortgage participation?

Yes. It identifies investor mortgages as a share of purchase mortgages, but this does not establish tenant demand or achievable rent.