Morganfield, KY is an area with a median housing value of $136,800, which is significantly lower than the US House Median Value of $338,100. The US has seen a 1 year house appreciation rate of 8.27%, while the 1 year appreciation rate in Morganfield stands at 6.27%. This indicates that while the appreciation rate in Morganfield is not as high as the national average, it still outpaced inflation and is indicative of a stable market. Morganfield is a great place to invest in real estate, as its lower prices present a great opportunity for buyers looking for more affordable housing options without sacrificing quality or stability.
The median home cost in Morganfield (zip 42437) is $136,800. Home appreciation the last 10 years has been 52.9%. Home Appreciation in Morganfield (zip 42437) is up 10.6%.
Average Age of Homes
- The median age of Morganfield (zip 42437) real estate is 43 years old
The Rental Market in Morganfield (zip 42437)
- Renters make up 26.0% of the Morganfield (zip 42437) population
- 4.8% of houses and apartments in Morganfield (zip 42437), 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.