Morehead, KY is an ideal location for those seeking to purchase a house. The median value of homes in the area is $148,600 which is much lower than the US House Median Value of $338,100. This makes Morehead an attractive option for potential homeowners. In addition, the one-year appreciation rate of houses in Morehead is 16.19%, which is more than double the US 1 year House Appreciation rate of 8.27%. This high rate of appreciation means that any investment made in a home in Morehead has a good chance of increasing in value over time. With low median values and high rates of appreciation, investing in real estate in Morehead can be a safe and lucrative venture.
The median home cost in Morehead is $148,600. Home appreciation the last 10 years has been 72.6%. Home Appreciation in Morehead is up 19.3%.
Average Age of Homes
- The median age of Morehead real estate is 40 years old
The Rental Market in Morehead
- Renters make up 48.5% of the Morehead population
- 7.5% of houses and apartments in Morehead, 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.