Morehead, KY Foreclosures
How much do homes sell for in Morehead, KY?
The average home price is currently $208,813.
In Morehead, KY, how many homes are available?
There are currently 20 active home listings available in Morehead.
What’s the average rental cost in Morehead, KY?
The average rental price in Morehead is $963.
What is the most expensive home in Morehead?
The most expensive home sold in Morehead had a price of $41,392,142.
What is currently the cheapest priced home in Morehead, KY?
The cheapest home for sale in Morehead is priced at $10,025.
Living in Morehead, KY
Morehead, KY is a small town nestled in the Appalachian Mountains, offering a combination of small-town charm, a strong community, and rich educational opportunities thanks to Morehead State University. The area boasts beautiful natural scenery, affordable living, and a variety of recreational activities.
Current Market Conditions in Morehead, KY
The real estate market in Morehead, KY is characterized by its affordability and community-centric developments. Currently, homes are selling at reasonable prices, making it an attractive market for first-time buyers and investors. Property values have shown stable growth over the past few years, as the appeal of Morehead continues to rise, primarily due to its scenic beauty and the presence of the university.
Investment activity in Morehead has been increasing, alongside a population growth driven by students and families seeking a peaceful environment. As more people discover the charm and benefits of living here, supply may struggle to keep pace, leading to a potential increase in property values in the coming years.
Home Value Estimator For Morehead, KY
There are currently 7,004 real estate properties
in Morehead, KY,
with a median automated valuation model (AVM) price
of $159,187.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Morehead, KY, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Morehead, KY,
is $208,813.00, with the most expensive house
in Morehead, KY, topping out
at $41,392,142.00 and the cheapest home
in Morehead, KY,
clocking in at $10,025.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Morehead, KY!
Rent Prices
In Morehead, KY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Morehead, KY, is on
a rollercoaster ride. The
average rent price in Morehead, KY,
is $963.00. Indeed, when looking to rent in
Morehead, KY, you can expect to pay as little
as $420.00 or as much
as $2,220.00,
with the average rent median estimated to
be $920.00. The good news is that finding
an affordable and desirable property to rent in Morehead, KY
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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