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Morehead, KY
Full City Profile · Kentucky · Rowan County County
2.8
/5.0
C+
Fair
6,924
Population
715/sq mi density
$35,000
Median Income
$22,215 per capita
$176,300
Home Value
$182,193 Zillow
$791
Median Rent
35.6% income on rent
55°F
Avg Temperature
297 sunny days/yr
90
Violent Crime/100K
2,146 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.8 / 5.0
$35,000 median income, 3.4% unemployment
B+
Affordability
3.8 / 5.0
$176,300 home value, $791/mo rent
F
Safety
1.0 / 5.0
90 violent crimes/100K
B
Education
3.5 / 5.0
31.2% bachelor's degree or higher
Housing Overview
Median Home Value
$176,300
37% below
US avg: $281,900
Median Rent
$791/mo
32% below
US avg: $1,163/mo
Homeownership Rate
31.3%
52% below US avg (65.4%)
Total Housing Units
2,008
Median year built: 1978
Home Value by Source
Census Median
$176,300
Zillow (ZHVI)
$182,193
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
31.3%
Owner-Occupied
68.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$719/mo
1 Bedroom
$794/mo
2 Bedroom
$984/mo
3 Bedroom
$1,277/mo
4 Bedroom
$1,442/mo
Census median rent:
$791/mo
· Zillow rent:
$1,158/mo
Affordability & Housing Stock
Rent Burden
35.6%
of renters spending 30%+ of income on housing
15% above US avg (31.0%)
Median Year Built
1978
Average age of housing stock: 48 years
Homeownership Rate
31.3%
Complete Housing Data
Home Values
| Census Median Value | $176,300 |
| Zillow Home Value (ZHVI) | $182,193 |
Rent
| Census Median Rent | $791 |
| Zillow Rent (ZORI) | $1,158 |
| FMR Studio | $719 |
| FMR 1-Bedroom | $794 |
| FMR 2-Bedroom | $984 |
| FMR 3-Bedroom | $1,277 |
| FMR 4-Bedroom | $1,442 |
Market
Ownership & Stock
| Owner-Occupied | 31.3% |
| Renter-Occupied | 68.7% |
| Homeownership Rate | 31.3% |
| Total Housing Units | 2,008 |
| Median Year Built | 1978 |
| Rent Burden | 35.6% |