Grace Terrace Condos is a residential condominium community in Elizabethtown, Kentucky (ZIP code 42701), situated off Chase Way, Crossfield Drive, and Tallyho Way. Located in a broader area characterized by a median estimated home value of $301,640, a median home age of 34 years, and a 63% owner-occupancy rate, the community sits within a well-connected submarket of roughly 55,000 residents. The surrounding area is supported by a solid economic foundation featuring a median household income of $67,508 and a per capita income of $41,094, with 73.5% of working residents benefiting from daily work commutes under 30 minutes.