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Advertise here →Morehead, KY · Market Data
Morehead, Kentucky real estate market data.
Real estate market data for Morehead, KY (Rowan County) — Census median home value $176,300, county listing prices up about 12.1% over the past year.
Morehead, KY is in Rowan County, Kentucky — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 6,924, with a median household income of $35,000. Census data puts Morehead's median home value at $176,300.
At a glance
Morehead market snapshot
Population
6,924
Median Household Income
$35,000
Median Home Value (city)
$176,300
Median Gross Rent
$791/mo
Price Trend (YoY)
+12.1%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Morehead different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Morehead's median home value — across all owner-occupied homes, not just recent sales — at $176,300.
County Price Trend
Rowan County's FHFA house price index shows a 12.1% annual change in 2025.
Population & Income
Morehead has an estimated population of 6,924 and a median household income of $35,000, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Morehead's Census-reported median home value works out to about 5.0x the area's median household income, and median gross rent runs roughly 27% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Morehead FAQ
What are home values like in Morehead, KY?
The Census Bureau's American Community Survey puts Morehead's median home value at $176,300.
What is the population of Morehead, KY?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Morehead's population at approximately 6,924.
What's the median rent in Morehead, KY?
The Census ACS estimates median gross rent in Morehead at approximately $791 per month.
What is the median household income in Morehead, KY?
Census ACS data puts the median household income in Morehead at approximately $35,000.
Is the Morehead housing market growing?
Rowan County's FHFA house price index shows a 12.1% annual change in 2025.
Is Morehead, KY affordable relative to income?
Census ACS data puts Morehead's median home value at about 5.0 times the median household income, with median gross rent equal to roughly 27% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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