Morganfield, KY housing market
The typical Morganfield home is worth about $171,000, up 2.4% in a year, 26% below the Kentucky typical home.
Home values, sales, trends and how Morganfield compares with the towns next door — updated as new data is published.
Morganfield at a glance
Typical home value, 2016–2026
Show as a table
| January | Morganfield | Kentucky |
|---|---|---|
| 2017 | $86,000 | $131,000 |
| 2018 | $93,000 | $138,000 |
| 2019 | $96,000 | $146,000 |
| 2020 | $100,000 | $155,000 |
| 2021 | $112,000 | $173,000 |
| 2022 | $129,000 | $191,000 |
| 2023 | $140,000 | $207,000 |
| 2024 | $144,000 | $216,000 |
| 2025 | $154,000 | $229,000 |
| 2026 | $166,000 | $233,000 |
| August 2026 | $171,000 | $233,000 |
3 new homes permitted in 2018
Builders were permitted 3 new homes in Morganfield in 2018, all single-family houses. That's 0.9 per 1,000 residents, slower than across Kentucky (4.9). Over the past 10 years, Morganfield has permitted 177 homes in all.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2018 | 3 | 3 | 0 | $628,000 |
| 2017 | 10 | 8 | 2 | $1.8 million |
| 2016 | 9 | 7 | 2 | $1.6 million |
| 2015 | 12 | 12 | 0 | $2.6 million |
| 2014 | 16 | 16 | 0 | $3.4 million |
| 2013 | 27 | 27 | 0 | $2 million |
| 2012 | 38 | 38 | 0 | $1.1 million |
| 2011 | 37 | 37 | 0 | $1.1 million |
| 2010 | 4 | 0 | 4 | $200,000 |
| 2009 | 21 | 21 | 0 | $3.7 million |
Morganfield's permit office didn't report to the Census in 2018, so the 2018 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
2.6 years of income
The typical Morganfield home costs about 2.6 years of the town's median household income, less than across Kentucky (3.7 years).
How Morganfield ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $940
HUD's Fair Market Rent for a two-bedroom in Morganfield is $940 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Morganfield pay a median of $852, so moving in tends to cost more than staying put. A two-bedroom takes about 17% of the town's median household income.
Studio $670 · 4 bedrooms $1,240
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (42437; Union County, KY), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.