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Morgantown, KY
Full City Profile · Kentucky · Butler County County
2.5
/5.0
C+
Fair
2,729
Population
820/sq mi density
$37,037
Median Income
$20,189 per capita
$111,400
Home Value
$193,523 Zillow
$582
Median Rent
26.7% income on rent
56°F
Avg Temperature
299 sunny days/yr
83
Violent Crime/100K
624 property/100K
C+
Overall
2.5 / 5.0
Fair overall score based on economy, affordability, safety and education
C
Economy
2.4 / 5.0
$37,037 median income, 4.6% unemployment
A+
Affordability
5.0 / 5.0
$111,400 home value, $582/mo rent
F
Safety
1.0 / 5.0
83 violent crimes/100K
D
Education
1.5 / 5.0
6.5% bachelor's degree or higher
Housing Overview
Median Home Value
$111,400
60% below
US avg: $281,900
Median Rent
$582/mo
50% below
US avg: $1,163/mo
Homeownership Rate
35.3%
46% below US avg (65.4%)
Total Housing Units
1,079
Median year built: 1974
Home Value by Source
Census Median
$111,400
Zillow (ZHVI)
$193,523
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
35.3%
Owner-Occupied
64.7%
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:
$582/mo
Affordability & Housing Stock
Rent Burden
26.7%
of renters spending 30%+ of income on housing
14% below US avg (31.0%)
Median Year Built
1974
Average age of housing stock: 52 years
Homeownership Rate
35.3%
Complete Housing Data
Home Values
| Census Median Value | $111,400 |
| Zillow Home Value (ZHVI) | $193,523 |
Rent
| Census Median Rent | $582 |
| 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 | 35.3% |
| Renter-Occupied | 64.7% |
| Homeownership Rate | 35.3% |
| Total Housing Units | 1,079 |
| Median Year Built | 1974 |
| Rent Burden | 26.7% |