Zip 40351 (Morehead, KY) Housing

The housing market in Morehead, KY (40351) stands out from national averages. The median value of a home in 40351 is $143,300 compared to the US median value of $338,100. In the past year, the US House Appreciation was 8.27%, however, in Morehead it was 16.19%. This shows that homes in this city are being valued and appreciated at a much higher rate than the national average. This indicates more buyers are looking to purchase property in 40351 as well as higher demand for existing properties.

The median home cost in Morehead (zip 40351) is $143,300. Home appreciation the last 10 years has been 72.6%. Home Appreciation in Morehead (zip 40351) is up 19.3%.

Average Age of Homes

- The median age of Morehead (zip 40351) real estate is 31 years old

The Rental Market in Morehead (zip 40351)

- Renters make up 27.7% of the Morehead (zip 40351) population
- 2.9% of houses and apartments in Morehead (zip 40351), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Morehead, Kentucky	United States
	9,391.0	139,647,020.0
	30	42
	$143,300	$338,100
	19.3%	16.6%
	54.4%	57.0%
	72.6%	101.1%
	$6.25	$10.98
	$915	$2,690
	52.5%	57.4%
	14.9%	11.2%
	32.6%	31.4%
Vacant Housing
	2.9%	1.9%
	1.2%	0.4%
	1.0%	0.7%
	2.3%	0.4%
	1.7%	3.6%
	5.7%	4.1%
Value of Owner-Occupied Housing
	5.2%	2.6%
	5.9%	2.4%
	5.2%	2.8%
	5.1%	3.9%
	12.9%	4.5%
	16.8%	11.3%
	22.7%	13.0%
	18.1%	20.1%
	4.4%	13.6%
	2.6%	8.3%
	0.5%	9.7%
	0.3%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.6%	0.2%
	15.5%	13.6%
	15.5%	13.6%
	26.0%	13.6%
	13.2%	13.2%
	15.6%	14.8%
	26.0%	13.6%
	4.0%	10.0%
	2.2%	4.7%
	3.5%	12.2%

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