Mortons Gap, KY Foreclosures
Current Market Conditions in in Mortons Gap, KY As of January 2026?
Over the past month, Mortons Gap's real estate market has seen a slight uptick in home sales, attributed to low-interest rates and an increased interest from out-of-state buyers looking for a tranquil setting. The inventory of homes for sale remains limited, yet the overall market remains stable, reflecting continued interest in property investments in the area.
How much do homes sell for in Mortons Gap, KY?
The average home price is currently $105,488.
In Mortons Gap, KY, how many homes are available?
There are currently 193 active home listings available in Mortons Gap.
What’s the average rental cost in Mortons Gap, KY?
The average rental price in Mortons Gap is $791.
What is the most expensive home in Mortons Gap?
The most expensive home sold in Mortons Gap had a price of $345,466.
What is currently the cheapest priced home in Mortons Gap, KY?
The cheapest home for sale in Mortons Gap is priced at $9,754.
Living in Mortons Gap, KY
Mortons Gap, KY, is a small and welcoming community characterized by its friendly atmosphere and tight-knit relationships. This charming town offers accessibility to various outdoor activities and local amenities that support a comfortable lifestyle. With its traditional values and community spirit, Mortons Gap is an attractive place for families and retirees.
Buyer vs Seller Market in Mortons Gap, KY
The real estate market in Mortons Gap has shown steady growth in recent months, with an increasing number of buyers attracted to the area for its affordability and community-focused lifestyle. Home values have been on a gradual rise, making it an opportune moment for both sellers and buyers to engage in the market.
As demand continues to grow, more home listings have entered the market, providing a range of options for prospective buyers. However, homes priced below the median remain competitive, often receiving multiple offers. Developers are also exploring opportunities for new builds to cater to the demand.
Home Value Estimator For Mortons Gap, KY
There are currently 406 real estate properties
in Mortons Gap, KY,
with a median automated valuation model (AVM) price
of $95,516.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Mortons Gap, 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 Mortons Gap, KY,
is $105,488.00, with the most expensive house
in Mortons Gap, KY, topping out
at $345,466.00 and the cheapest home
in Mortons Gap, KY,
clocking in at $9,754.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Mortons Gap, KY!
Rent Prices
In Mortons Gap, KY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Mortons Gap, KY, is on
a rollercoaster ride. The
average rent price in Mortons Gap, KY,
is $791.00. Indeed, when looking to rent in
Mortons Gap, KY, you can expect to pay as little
as $400.00 or as much
as $1,680.00,
with the average rent median estimated to
be $770.00. The good news is that finding
an affordable and desirable property to rent in Mortons Gap, 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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