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Morgan County Housing Market

Kentucky · 120 counties · Ranked #358 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$106,000

vs national$106,000 vs $281,900 national

Median Gross Rent

$670/mo

vs national$670 vs $1,163 national

Effective Tax Rate

0.76%

vs national0.76% vs 1.02% national

Median Household Income

$47,493

vs national$47,493 vs $74,755 national

Affordability Ratio

2.2x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

26.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$802

Tax as % of Home Value

0.76%

Monthly Owner Cost

$596

Renter Income

$29,892

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Morgan County?

The median home value in Morgan County is $106,000. This is below the national median of $281,900.

How much is rent in Morgan County?

The median gross rent in Morgan County is $670 per month.

What is the property tax rate in Morgan County?

The effective property tax rate in Morgan County is 0.76%. The median annual property tax bill is $802.

Is Morgan County affordable?

With a home-value-to-income ratio of 2.2x, Morgan County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.