Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Morganfield area can be challenging. Home prices in Morganfield are now at a median cost of $103,787, lower than the Kentucky average of $164,895.
The average cost of rent is $653/mo in Morganfield, primarily driven by the current value of real estate in the Morganfield area. While nearly 46.45% of residents own their homes outright in Morganfield, 41.49% rent.
Housing affordability isn’t just about home prices, though. The average household income in Morganfield is $4,211 per month. Households that rent pay about 15.52% of their income on rent here. Morganfield's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Flournoy, KY: equally priced homes
- Hitesville, KY: higher priced homes
- Uniontown, KY: less expensive homes
- Cullen, KY: higher priced homes
- Grove Center, KY: higher priced homes
- Waverly, KY: higher priced homes
- Spring Grove, KY: higher priced homes
- Pride, KY: higher priced homes
- Grangertown, KY: less expensive homes
- Hearin, KY: higher priced homes
Cities with Similar Populations
- Grand Island, FL: higher priced homes
- Georgetown, TN: higher priced homes
- Germantown Hills, IL: higher priced homes
- Gibbstown, NJ: higher priced homes
- Gillsville, GA: higher priced homes
- Gladwyne, PA: higher priced homes
- Glen Gardner, NJ: higher priced homes
- Glen Rose, TX: higher priced homes
- Glencoe, AL: higher priced homes
- Glendale, CO: higher priced homes
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