Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Morehead area can be challenging. Home prices in Morehead are now at a median cost of $161,891, lower than the Kentucky average of $164,895.
The average cost of rent is $802/mo in Morehead, primarily driven by the current value of real estate in the Morehead area. While nearly 45.88% of residents own their homes outright in Morehead, 44.63% rent.
Housing affordability isn’t just about home prices, though. The average household income in Morehead is $3,901 per month. Households that rent pay about 20.55% of their income on rent here. Morehead's most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Lakeview Heights, KY: less expensive homes
- Christy, KY: less expensive homes
- Cranston, KY: higher priced homes
- Clearfield, KY: less expensive homes
- Farmers, KY: higher priced homes
- Elliottville, KY: less expensive homes
- Brinegar, KY: less expensive homes
- Hillsboro, KY: less expensive homes
- Plummers Mill, KY: less expensive homes
- Salt Lick, KY: less expensive homes
Cities with Similar Populations
- Lemay, MO: less expensive homes
- Pell City, AL: equally priced homes
- Parole, MD: higher priced homes
- Paris, TN: less expensive homes
- Ozark, AL: less expensive homes
- Othello, WA: higher priced homes
- Olean, NY: less expensive homes
- Oak Grove, OR: higher priced homes
- Mitchell, SD: equally priced homes
- Manassas Park, VA: higher priced homes
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