Housing in Morganfield, KY is significantly more affordable than the US House Median Value of $338,100. According to recent data, the median value of houses in Morganfield is currently $136,000. While house appreciation has increased nationally by 8.27% over the past year, homes in Morganfield have only appreciated 6.27%. This lower appreciation rate is likely due to the overall lower level of housing prices in the local area.
The median home cost in Morganfield is $136,000. Home appreciation the last 10 years has been 52.9%. Home Appreciation in Morganfield is up 10.6%.
Average Age of Homes
- The median age of Morganfield real estate is 53 years old
The Rental Market in Morganfield
- Renters make up 33.8% of the Morganfield population
- 9.2% of houses and apartments in Morganfield, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.