Morgantown, KY—42261
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Morgantown, KY
As of Oct '25, the median home price in Morgantown, KY is $184,000, with a year-over-year change of 1.5%. This indicates that home prices in Morgantown, KY are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $184,000 | 1.5% |
| Single Family | $184,000 | 1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $141,000 | 4.4% |
3 Bed | $201,000 | 6.9% |
4 Bed | $263,000 | 6.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Morgantown, KY
As of July '25, Rentcast reports the average rent in Morgantown, KY is $788, with a year-over-year rent change of 10.7%. Per bedroom, the median rent as of July '25 in Morgantown, KY is 1-bedrooms: $725, 2-bedrooms: $850. The most common rental property sizes in Morgantown, KY are 2-bedroom and 3-bedroom, accounting for 48.7% and 26.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $725 | $788 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $725 | $725 |
| 2 Bed Rent | $850 | $850 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Morgantown, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Morgantown, KY is 91. This is a increase of 29.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $320,000 | 16.0% |
Listing Count | 23 | -4.0% |
| Listings as % of Homes | 0.4% | -4.0% |
Days on Market | 91 | 29.0% |
Demographics — Morgantown, KY
As of the latest ACS Survey released in 2023, Morgantown, KY has a population of 9,720, which has decreased by -9.7% over the past 5 years. Morgantown, KY is a moderately popular place for families, as children make up 23.4% of the population. The area has a poorly educated workforce, with 10.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,720 | -9.7% |
% Under 18 | 23.4% | 7.3% |
% Seniors | 18.6% | 13.4% |
% WFH | 1.2% | -65.7% |
% w/ College Degree | 10.0% | -23.1% |
As of the latest ACS Survey released in 2023, Morgantown, KY is a predominantly white area, with 91.1% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Morgantown, KY is hispanic, making up 6.1% of the population. Foreign-born residents account for 2.7% of the population in Morgantown, KY, and this percentage has increased by 35.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.1% | -3.4% |
% Black | 0.0% | -100.0% |
% Hispanic | 6.1% | 60.5% |
% Asian | 0.3% | 50.0% |
% Foreign Born | 2.7% | 35.0% |
Mortgage and Risk — Morgantown, KY
According to HUD data as of 2023, there were 155 mortgage originations in Morgantown, KY, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Morgantown, KY. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 155 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Morgantown, KY
Morgantown, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 271 |
Total Units Section 8 | 91 |
% Rentals under Section 8 | 8.2% |
% Occupied Section 8 | 83.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$65 | $725 | $660 |
| 2 Bedroom | $20 | $850 | $870 |
| 3 Bedroom | N/A | N/A | $1,220 |
| 4 Bedroom | N/A | N/A | $1,370 |
Affordability — Morgantown, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $184,000 |
| Median Household Income | $49,200 |