Home Price Key
Affordable
Average
Expensive
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 $162,954, lower than the Kentucky average of $164,895.
The average cost of rent is $729/mo in Morgan, primarily driven by the current value of real estate in the Morgan area. While nearly 57.67% of residents own their homes outright in Morgan, 35.10% rent.
Housing affordability isn’t just about home prices, though. The average household income in Morgan is $5,015 per month. Households that rent pay about 14.53% 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.
Nearby Cities
- Boyd, KY: equally priced homes
- Four Oaks, KY: higher priced homes
- Durbintown, KY: less expensive homes
- Falmouth, KY: less expensive homes
- Catawba, KY: less expensive homes
- Goforth, KY: equally priced homes
- Berry, KY: less expensive homes
- Colemansville, KY: equally priced homes
- McKinneysburg, KY: higher priced homes
- Stonewall, KY: equally priced homes
Cities with Similar Populations
- South Creek, WA: higher priced homes
- La Clede, IL: less expensive homes
- La Jara, NM: equally priced homes
- La Salle, MT: higher priced homes
- Labascus, KY: less expensive homes
- Ladelle, AR: less expensive homes
- Lake Como, PA: higher priced homes
- Lakecreek, OR: higher priced homes
- Langdon, NH: higher priced homes
- Leach, TN: less expensive homes
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