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Advertise here →Morganfield, KY · Market Data
Morganfield, Kentucky real estate market data.
Real estate market data for Morganfield, KY (Union County) — Census median home value $116,100, county listing prices up about 10.3% over the past year.
Morganfield, KY is in Union County, Kentucky — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 3,208, with a median household income of $63,546. Census data puts Morganfield's median home value at $116,100.
At a glance
Morganfield market snapshot
Population
3,208
Median Household Income
$63,546
Median Home Value (city)
$116,100
Median Gross Rent
$830/mo
Price Trend (YoY)
+10.3%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Morganfield different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Morganfield's median home value — across all owner-occupied homes, not just recent sales — at $116,100.
County Price Trend
Union County's FHFA house price index shows a 10.29% annual change in 2025.
Population & Income
Morganfield has an estimated population of 3,208 and a median household income of $63,546, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Morganfield's Census-reported median home value works out to about 1.8x the area's median household income, and median gross rent runs roughly 16% 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
Morganfield FAQ
What are home values like in Morganfield, KY?
The Census Bureau's American Community Survey puts Morganfield's median home value at $116,100.
What is the population of Morganfield, KY?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Morganfield's population at approximately 3,208.
What's the median rent in Morganfield, KY?
The Census ACS estimates median gross rent in Morganfield at approximately $830 per month.
What is the median household income in Morganfield, KY?
Census ACS data puts the median household income in Morganfield at approximately $63,546.
Is the Morganfield housing market growing?
Union County's FHFA house price index shows a 10.29% annual change in 2025.
Is Morganfield, KY affordable relative to income?
Census ACS data puts Morganfield's median home value at about 1.8 times the median household income, with median gross rent equal to roughly 16% 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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