Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 36,612 ↓ 0.1% since 2020 |
| Median Household Income | $50,576 32% below national median |
| Median Home Value | $139,000 |
| Unemployment Rate | 4.0% |
| Median Age | 40.0 years |
| Housing Vacancy Rate | 13.9% |
| Total Land Sales (Past 12 Months) | 143 transactions |
| Active Listings | 36 properties |
| Avg Days on Market | 504 days |
Rural Land Sales (1+ Acres) (Dec 2025 – Mar 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $8,215 |
| Recent Sales | 96 transactions |
| Avg Days on Market | 501 days |
| Avg Parcel Size | 41.80 acres |
| Active Listings | 30 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Mar 2026New | 4.79 | $45,000 | $9,395 | Mayfield |
| Mar 2026New | 292.00 | $3,067,890 | $10,506 | Mayfield |
| Feb 2026 | 1.05 | $33,500 | $31,905 | Mayfield |
| Feb 2026 | 7.06 | $280,000 | $39,660 | Mayfield |
| Feb 2026 | 1.20 | $150,000 | $125,000 | Mayfield |
| Dec 2025 | 3.75 | $60,500 | $16,133 | Farmington |
| Dec 2025 | 27.00 | $187,000 | $6,926 | Farmington |
| Dec 2025 | 55.00 | $319,000 | $5,800 | Farmington |
| Dec 2025 | 21.00 | $165,000 | $7,857 | Farmington |
| Dec 2025 | 13.55 | $150,000 | $11,070 | Mayfield |
Suburban/Urban Land Sales (Under 1 Acre) (Sep 2025 – Dec 2025)
| Metric | Value |
|---|---|
| Median Lot Price | $22,000 |
| Recent Sales | 47 transactions |
| Avg Days on Market | 511 days |
| Avg Parcel Size | 0.50 acres |
| Active Listings | 6 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Dec 2025 | 0.30 | $60,000 | Mayfield |
| Nov 2025 | 0.52 | $3,000 | Mayfield |
| Nov 2025 | 0.14 | $6,000 | Mayfield |
| Oct 2025 | 0.75 | $50,000 | Mayfield |
| Sep 2025 | 0.47 | $10,000 | Mayfield |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 36,612 |
| Population (2020) | 36,649 |
| Population Growth | -0.1% |
| Median Household Income | $50,576 |
| Median Home Value | $139,000 |
| Total Housing Units | 16,437 |
| Vacant Housing Units | 2,285 |
| Housing Vacancy Rate | 13.9% |
| Median Age | 40.0 |
| Bachelor's Degree or Higher | 2,482 (6.8%) |
| Unemployment Rate | 4.0% |
Market Overview
Graves County, Kentucky has a population of 36,612, which has declined 0.1% since 2020. The median household income is $50,576, below the national median of $74,580 by 32.2%. The housing vacancy rate of 13.9% suggests soft market conditions. Graves County is part of Kentucky's land market, attracting both local and out-of-state buyers. Recent rural land sales show a median price of $8,215 per acre, with properties averaging 41.80 acres. There are currently 36 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Graves County, Kentucky?
As of the 2023 American Community Survey, Graves County has a population of 36,612. The county has declined 0.1% since the 2020 Census.
What is the median household income in Graves County?
The median household income in Graves County is $50,576, which is 32.2% below the national median of $74,580.
Is Graves County growing or shrinking?
Graves County is shrinking. The population has declined 0.1% since 2020.
What is the housing market like in Graves County?
The median home value in Graves County is $139,000. The housing vacancy rate is 13.9%, which suggests soft market conditions. The unemployment rate is 4.0%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $8,215 per acre. Suburban/urban lots under 1 acre have a median lot price of $22,000.
Does Reelvest buy land in Graves County, Kentucky?
Yes! Reelvest Properties buys vacant land throughout Kentucky, including Graves County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.