Morganfield, KY—42437
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Morganfield, KY
Morganfield, KY lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $157,000 | 15.7% |
| Single Family | $157,000 | 15.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $92,000 | 10.8% |
3 Bed | $173,000 | 8.8% |
4 Bed | $232,000 | 8.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Morganfield, KY
Morganfield, KY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $650 | $650 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $650 | $650 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Morganfield, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Morganfield, KY is 61. This is a decrease of -41.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $172,000 | -53.0% |
Listing Count | 15 | 93.0% |
| Listings as % of Homes | 0.1% | 93.0% |
Days on Market | 61 | -41.0% |
Demographics — Morganfield, KY
As of the latest ACS Survey released in 2023, Morganfield, KY has a population of 7,250, which has decreased by -15.9% over the past 5 years. Morganfield, KY is a moderately popular place for families, as children make up 20.1% of the population. The area has a poorly educated workforce, with 13.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,250 | -15.9% |
% Under 18 | 20.1% | 7.5% |
% Seniors | 20.0% | 50.4% |
% WFH | 4.1% | 1,950.0% |
% w/ College Degree | 13.5% | 29.8% |
As of the latest ACS Survey released in 2023, Morganfield, KY is a predominantly white area, with 84.4% of the population identifying as white. The white population has grown by 15.5% in the last 5 years. The second most common race or ethnicity in Morganfield, KY is black, making up 10.6% of the population. Foreign-born residents account for 1.2% of the population in Morganfield, KY, and this percentage has decreased by 40.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.4% | 15.5% |
% Black | 10.6% | -48.3% |
% Hispanic | 2.2% | -15.4% |
% Asian | 0.3% | -40.0% |
% Foreign Born | 1.2% | -40.0% |
Mortgage and Risk — Morganfield, KY
According to HUD data as of 2023, there were 62 mortgage originations in Morganfield, KY, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Morganfield, KY. Investor activity is low, as 8.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 62 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Morganfield, KY
Morganfield, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 98 |
Total Units Section 8 | 53 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 74.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $690 |
| 2 Bedroom | $250 | $650 | $900 |
| 3 Bedroom | N/A | N/A | $1,080 |
| 4 Bedroom | N/A | N/A | $1,190 |
Affordability — Morganfield, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $157,000 |
| Median Household Income | $64,500 |