Mortons Gap—42440
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mortons Gap
As of Oct '25, the median home price in Mortons Gap is $72,000, with a year-over-year change of 2.6%. This indicates that home prices in Mortons Gap are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $72,000 | 2.6% |
| Single Family | $72,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mortons Gap
Mortons Gap lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mortons Gap
As of Oct '25, Realtor.com reports that the median days on market for a home in Mortons Gap is 6. This is a increase of 475.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $44,900 | -30.0% |
Listing Count | 2 | 33.0% |
| Listings as % of Homes | 0.3% | 33.0% |
Days on Market | 6 | 475.0% |
Demographics — Mortons Gap
As of the latest ACS Survey released in 2023, Mortons Gap has a population of 746, which has decreased by -28.3% over the past 5 years. Mortons Gap is a moderately popular place for families, as children make up 23.9% of the population. The area has a poorly educated workforce, with 6.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 746 | -28.3% |
% Under 18 | 23.9% | 1.7% |
% Seniors | 17.7% | 33.1% |
% WFH | 0.0% | -100.0% |
% w/ College Degree | 6.5% | 32.7% |
Mortons Gap lacks sufficient race and ethnicity data for analysis.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 97.2% | 3.0% |
% Black | 0.0% | -100.0% |
% Hispanic | 2.8% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | N/A |
Mortgage and Risk — Mortons Gap
Mortons Gap lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Mortons Gap
Mortons Gap lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $660 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,110 |
| 4 Bedroom | N/A | N/A | $1,240 |
Affordability — Mortons Gap
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.6 |
| Median Home Price | $72,000 |
| Median Household Income | $38,800 |