Fancy Farm is a census-designated place in Graves County, Kentucky, United States, about ten miles west of the county seat, Mayfield on Kentucky Route 80, in the rural western portion of the state called the Jackson Purchase. Fancy Farm was settled by Roman Catholics starting in 1829, and is known for its strong Catholic community. The community grew around St. Jerome Church, built in 1836. The first post office opened in 1843. The colorful name was apparently chosen when the post office opened, by a man who was applying to be postmaster. First mentioned in the U.S. Census in 1870 as a post office in Boswell Precinct; first mentioned as a town in Magisterial District 5 in the 1910 census; finally enumerated as a town in its own precinct in the 1920 census.