Morgan County, Kentucky home prices
Typical home $131,976 · -11.4% in a year · property tax 0.66%
The typical home in Morgan County is worth $131,976, 43% less than the Kentucky typical home ($230,909). Values changed -11.4% in the past year and +13.9% over five years. Homeowners here pay a median 0.66% of their home's value in property tax each year ($871 on the typical home), versus 0.72% statewide.
Mortgage on the typical Morgan County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $26,395 | $105,580 | $710 | $0 | $139 | $849 | $36,400 |
| 10% down | $13,198 | $118,778 | $799 | $49 | $139 | $987 | $42,300 |
| 5% down | $6,599 | $125,377 | $843 | $52 | $139 | $1,034 | $44,300 |
| 3.5% down (FHA) | $4,619 | $129,585 | $872 | $58 | $139 | $1,069 | $45,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.66% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Kentucky.
Kentucky counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Knox County | $132,932 | -3.7% | 0.66% |
| Hickman County | $133,731 | -4.2% | 0.67% |
| Menifee County | $128,716 | -14.5% | 0.51% |
| Muhlenberg County | $128,119 | -10.6% | 0.62% |
| Crittenden County | $135,920 | -9.4% | 0.57% |
| Wolfe County | $135,993 | +2.5% | 0.55% |
| Trigg County | $136,493 | -24.4% | 0.56% |
| Lee County | $127,427 | -10.8% | 0.84% |
| Webster County | $136,688 | +4.8% | 0.88% |
| Ballard County | $137,331 | -6.2% | 0.73% |
Frequently asked questions
What is the average home price in Morgan County, KY?
The typical home value in Morgan County is $131,976 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Morgan County?
About $36,400 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Morgan County?
The median effective rate is 0.66% of home value a year (Census ACS 2024 5-year estimates).