According to statistics, the population in Morehead, KY amounts to 7,663, which shows decline 1% compared to the previous year. The median age of the city’s residents is 22. The average household income is $39,091, shifting growth 8% from the past year, and the average property value in Morehead, KY growth 2% to $170,500 throughout the year.
|Number Of Employees||3,024|
|Median Property Value||$170,500|
The average household income in Morehead, KY grew from $36,250 to $39,091 in the past year. This data is an estimate based upon 2,142 households in Morehead, KY . The chart below presents how household income is distributed in Morehead, KY in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Morehead, KY shifted from $167,100 to $170,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Morehead, KY in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Morehead, KY properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Morehead, KY compared to median property taxes around the country. The prevalent amount of property taxes in Morehead, KY equals $1150, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$114,000||N/A|
|1 bed for sale||$38,666||N/A|
|2 bed for sale||$316,166||+129.4%|
|3 bed for sale||$244,235||+37.1%|
|4+ bed for sale||$227,120||+12.4%|
During Jul 2022, the average price for an apartment in/near Morehead, KY increased by 26.2% to $230,427.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $38,666 with no changes this month. Asking price for 2-bed apartment also increased by 129.4% and a place of this size will now cost you $316,166. A 3-bed apartment goes for $244,235, it increased by 37.1% lately. We discerned the rise of 4- and more bed apartment price. It increased by 12.4% and made it up to $227,120.
|Listing Type||Jul||vs Last Month|
|Apartments for sale||$114,000||N/A|
|Houses for sale||$260,179||+32.4%|
|Land for sale||$124,171||+9%|
|Condos for sale||$235,000||N/A|
While assessing the property pricing Morehead, KY, you can note that it remains flat with a price tag of $114,000. Price reports demonstrate that house price increased by 32.4% this month making it up to $260,179. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $235,000.