Housing in Morehead, KY

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Zillow — January 2026

Zillow Home Value Index

$176,432

Zillow Rent Index

$1,115

Morehead vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Morehead is highlighted.

Median Home Value

49th%ilemost expensive$176,300show rank

Median Rent

29th%ilemost expensive rent$791show rank

Rent Burden

90th%ilehighest rent burden27.1%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$176,300

Median Rent

$791

Total Housing Units

2,009

Vacancy Rate

10.9%

Owner Occupied

31.3%

Renter Occupied

68.7%

Median Property Tax

$1,398

per year

Monthly Cost (w/ Mortgage)

$586

Housing Types

Single Family

53.0%

Multi-Family

40.9%

Mobile Home

6.1%

The median home value in Morehead, KY is $176,300. According to Zillow, the home value index for Morehead is $176,432. Zillow's observed rent index is $1,115/month. About 31.3% of housing units are owner-occupied. The median year homes were built is 1978. There are 2,009 total housing units.