Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$131,976−11.4% YoY · prices are falling fast
Market right nowBalanced marketFewer homes for sale than last year, 25% have cut their price
Income needed to buy, per year$28,610About 0.6× the local median income ($46,382): affordable for a typical household
Days on market64 daysAbout the same pace as a year ago
The typical home in Morgan County, KY is worth $131,976, down 11.4% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $128,566, so the area is 2.7% overvalued. It is a balanced market: homes take about 64 days to sell, listings are down 33% from a year ago, 25% of listings have had a price cut. A household needs about $28,610 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $46,382. In the latest IRS figures, 23 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$131,976
Change in 1 year
−11.4%
Overvalued %
+2.7%
Show 6 more
Fair home value
$128,566
Change in 5 years
+13.9%
Home value to income
2.8×
Monthly mortgage payment (20% down)
$715
Income needed to afford it
$28,610
Property tax rate
0.66%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$909
Market activity
Listings vs a year ago
−33.3%
Days on market
64
Listings with a price cut
25.0%
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Homes for sale
18
Pending sales per 100 listings
56
Asking price per sq ft
$140
People and jobs
Median household income
$46,382
Population change (1 year)
+1.3%
Unemployment rate
3.1%
Show 4 more
Population
14,415
Income adjusted for cost of living
$54,375
Net moves in (IRS)
−23
Cost of living (US = 100)
85.3
Schools, risk and environment
School rating (1 to 10)
5.2
FEMA hazard risk score (0 to 100)
22.1
Unhealthy air days a year
0
Show 4 more
Flood risk score
45.7
Wildfire risk score
70.9
Walkability (1 to 20)
4.6
Road, rail and air noise
54 dB
Questions people ask
Is Morgan County, KY overvalued?
Home prices in Morgan County, KY are slightly above what local incomes have historically supported: fair value is about $128,566, so the area is 2.7% overvalued.
Is Morgan County, KY a buyer's or seller's market?
Morgan County, KY is a balanced market: homes take about 64 days to sell, listings are down 33% from a year ago, 25% of listings have had a price cut.
Are home prices going down in Morgan County, KY?
Home values in Morgan County, KY are down 11.4% over the last year.
How much do you need to earn to buy a home in Morgan County, KY?
A household needs about $28,610 a year to afford the typical home in Morgan County, KY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $46,382.