Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Morgantown area can be challenging. Home prices in Morgantown are now at a median cost of $105,017, lower than the Kentucky average of $164,895.
The average cost of rent is $593/mo in Morgantown, primarily driven by the current value of real estate in the Morgantown area. While nearly 54.69% of residents own their homes outright in Morgantown, 32.44% rent.
Housing affordability isn’t just about home prices, though. The average household income in Morgantown is $3,783 per month. Households that rent pay about 15.69% of their income on rent here. Morgantown's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Mining City, KY: less expensive homes
- Brooklyn, KY: higher priced homes
- Aberdeen, KY: less expensive homes
- Woodbury, KY: less expensive homes
- Youngtown, KY: higher priced homes
- Monford, KY: less expensive homes
- Dunbar, KY: higher priced homes
- Provo, KY: higher priced homes
- Gilstrap, KY: less expensive homes
- Logansport, KY: higher priced homes
Cities with Similar Populations
- Schnecksville, PA: higher priced homes
- Homeland, CA: higher priced homes
- Houlton, ME: higher priced homes
- Idabel, OK: less expensive homes
- Imlay City, MI: higher priced homes
- Independence, IA: higher priced homes
- Indian Head, MD: higher priced homes
- Salida, CO: higher priced homes
- Sanford, MI: higher priced homes
- Sanibel, FL: higher priced homes
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