Morgantown, KY is a great place to buy a home. The median value of houses in this area is $114,800, which is much lower than the US house median value of $338,100. Moreover,the 1 year house appreciation in Morgantown has been 16.85%, which is higher than the US average of 8.27%. This makes Morgantown an ideal place to invest in property as it offers both affordability and potential for appreciation.
The median home cost in Morgantown is $114,800. Home appreciation the last 10 years has been 89.7%. Home Appreciation in Morgantown is up 22.7%.
Average Age of Homes
- The median age of Morgantown real estate is 40 years old
The Rental Market in Morgantown
- Renters make up 54.8% of the Morgantown population
- 0.8% of houses and apartments in Morgantown, 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.