Market Overview
Home Prices in Morgantown, KY
The median home value in Morgantown, KY is $195,091 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 11% compared to a year ago and up 4.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Morgantown are priced52% below average. Morgantown is part of the Bowling Green, KY metro area.
Over the past five years, Morgantown home values have fallen by approximately1.0%, reflecting softening conditions in this market.
Price History
Morgantown Home Price Trend
City Comparison
Morgantown vs. National Median
At $195,091, homes in Morgantown cost 52% below the national median of $410,000. This makes Morgantown a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Morgantown?
20% Down Payment
$39,018
on $195,091
Monthly P&I
$1,017/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,292/mo
incl. taxes & insurance
Income Needed
$51,680
gross annual (30% rule)
10% Down Option
$19,509
+ PMI applies
Loan Amount (20% dn)
$156,073
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 Morgantown, KY?
The median home value in Morgantown is $195,091 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 11% year-over-year.
How much have home prices changed in Morgantown?
Over the past year, home values in Morgantown have decreased by 11%. Over five years, prices have fallen approximately 1.0%.
How much do I need to earn to buy a home in Morgantown?
To comfortably afford the median home price of $195,091 with a 20% down payment ($39,018) at today's rates (6.8%), you'd need a gross annual income of approximately $51,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Morgantown compare to the national average home price?
The national median home value is approximately $410,000. At $195,091, homes in Morgantown are 52% below the national average.
What metro area is Morgantown part of?
Morgantown is part of the Bowling Green, KY metropolitan area. Home prices and market conditions can vary across the broader metro region.