Hello Harry! Without visually inspecting your home it's difficult to determine if your value has held, or dropped, in our market. Unlike most of the country, we here in the Ashland market are in a kind of "buffer zone," where our prices have held steady or actually increased, but you really need a Realtor to come and give you a market analysis for a true idea of what your house could list and sell for now. Appraisals are great.... banks love to give home equity and refinace loans, but that does not necessarily mean that is what you can expect your home to sell for and a lot of people don't understand that. If you''d like me to come give my opinion, I'd be happy to, or if you have a Realtor you're comfortable talking with, call him or her and ask for their honest opinion on whether or not your home is worth what your bank's appraiser has valued it at. Good luck and call if you need me!

Hi Harry,

It's impossible to give you an exact figure without the knowing the address/neighborhood of your home, since an appraiser will first compare your home to others in the some neighborhood or within 1 mile of your home rather than just comparing it to the value of all other homes in your zip code.

Another thing you'll need to know is that the peak of the market was in 2005, so that's when you need to start measuring the decline in value from, not 2007. Speaking in generalities, home values in Central KY have gone down about 3% each year since 2005, though some neighborhoods have faired better than others.

A good real estate agent can pull sales data from recent sales in your neighborhood and give you an excellent idea of the home's current value. Good luck!