Market Overview
Home Prices in Morganfield, KY
The median home value in Morganfield, KY is $169,030 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.1% compared to a year ago and up 14.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Morganfield are priced59% below average.
Over the past five years, Morganfield home values have risen by approximately39.2%, reflecting strong long-term appreciation in this market.
Price History
Morganfield Home Price Trend
2020
$102,736
$103K
—
2021
$121,461
$121K
+18.2%
2022
$138,704
$139K
+14.2%
2023
$140,459
$140K
+1.3%
2024
$147,184
$147K
+4.8%
2025
$168,815
$169K
+14.7%
2026
$169,030
$169K
+0.1%
City Comparison
Morganfield vs. National Median
🏠 Morganfield
$169,030
National Median
$410,000
At $169,030, homes in Morganfield cost 59% below the national median of $410,000. This makes Morganfield a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Morganfield?
20% Down Payment
$33,806
on $169,030
Monthly P&I
$882/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,120/mo
incl. taxes & insurance
Income Needed
$44,800
gross annual (30% rule)
10% Down Option
$16,903
+ PMI applies
Loan Amount (20% dn)
$135,224
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 Morganfield, KY?
The median home value in Morganfield is $169,030 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.1% year-over-year.
How much have home prices changed in Morganfield?
Over the past year, home values in Morganfield have increased by 0.1%. Over five years, prices have risen approximately 39.2%.
How much do I need to earn to buy a home in Morganfield?
To comfortably afford the median home price of $169,030 with a 20% down payment ($33,806) at today's rates (6.8%), you'd need a gross annual income of approximately $44,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Morganfield compare to the national average home price?
The national median home value is approximately $410,000. At $169,030, homes in Morganfield are 59% below the national average.