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Affordable
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These days, finding an affordable place to live in the Morgan area can be challenging. Home prices in Morgan are now at a median cost of $111,513, lower than the Kentucky average of $219,615.
The average cost of rent is $750/mo in Morgan, primarily driven by the current value of real estate in the Morgan area. In Morgan, 31.96% of households rent, and 71.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Morgan is $4,893 per month. Households that rent pay about 15.33% of their income on rent here. Morgan’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Boyd, KY: higher priced homes
- Four Oaks, KY: higher priced homes
- Durbintown, KY: equally priced homes
- Falmouth, KY: higher priced homes
- Catawba, KY: higher priced homes
- Goforth, KY: higher priced homes
- Berry, KY: higher priced homes
- Colemansville, KY: higher priced homes
- McKinneysburg, KY: higher priced homes
- Stonewall, KY: higher priced homes
Cities with Similar Populations
- South Creek, WA: higher priced homes
- La Clede, IL: equally priced homes
- La Jara, NM: equally priced homes
- La Salle, MT: higher priced homes
- Labascus, KY: higher priced homes
- Ladelle, AR: higher priced homes
- Lake Como, PA: higher priced homes
- Lakecreek, OR: higher priced homes
- Langdon, NH: higher priced homes
- Leach, TN: higher priced homes
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