Market Overview
Home Prices in Morehead, KY
The median home value in Morehead, KY is $185,864 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.5% compared to a year ago and up 8.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Morehead are priced55% below average.
Over the past five years, Morehead home values have risen by approximately31.4%, reflecting strong long-term appreciation in this market.
Price History
Morehead Home Price Trend
2020
$124,249
$124K
—
2021
$141,431
$141K
+13.8%
2022
$156,643
$157K
+10.8%
2023
$166,949
$167K
+6.6%
2024
$175,320
$175K
+5.0%
2025
$190,645
$191K
+8.7%
2026
$185,864
$186K
-2.5%
City Comparison
Morehead vs. National Median
🏠 Morehead
$185,864
National Median
$410,000
At $185,864, homes in Morehead cost 55% below the national median of $410,000. This makes Morehead a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Morehead?
20% Down Payment
$37,173
on $185,864
Monthly P&I
$969/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,231/mo
incl. taxes & insurance
Income Needed
$49,240
gross annual (30% rule)
10% Down Option
$18,586
+ PMI applies
Loan Amount (20% dn)
$148,691
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Morehead, KY?
The median home value in Morehead is $185,864 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.5% year-over-year.
How much have home prices changed in Morehead?
Over the past year, home values in Morehead have decreased by 2.5%. Over five years, prices have risen approximately 31.4%.
How much do I need to earn to buy a home in Morehead?
To comfortably afford the median home price of $185,864 with a 20% down payment ($37,173) at today's rates (6.8%), you'd need a gross annual income of approximately $49,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Morehead compare to the national average home price?
The national median home value is approximately $410,000. At $185,864, homes in Morehead are 55% below the national average.