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The median home value in Morehead, KY is $188,683 as of 2026-07-31, down 1.86% from a year earlier.
Median Home Value
$188,683
Year-over-Year
-1.86%
Population
6,608
Morehead ranks #54 of 66 Kentucky cities tracked here by median home value, and sits 23.4% below the state's city median of $246,222. It sits in Rowan County, where the county-wide median is $189,868.
Median household income in Morehead is $36,741, so the typical home value is about 5.1× annual household income. This is a simple price-to-income benchmark rather than a monthly payment estimate; it does not account for mortgage rates, down payments, taxes or insurance.
Household income comes from the U.S. Census Bureau's ACS 5-Year Estimates, table B19013 (how the affordability measure works).
Morehead police recorded a violent crime rate of 106 per 100,000 residents in 2024 — around the middle of the range for reporting cities. Property crime runs at 1,362 per 100,000.
Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).
People often call this an average home price, but the figure shown here is Zillow's typical home value (ZHVI), not a simple arithmetic average. In Morehead, that value is $188,683. That's down 1.86% from a year earlier. It is about 23.4% below the typical Kentucky city tracked here.
Homes in Morehead are cheaper than Rowan County as a whole, where the median is $189,868 — a difference of about 0.6%.
Median household income here is $36,741, so the typical home value is about 5.1× annual household income. This ratio is a broad comparison measure, not a mortgage-payment estimate.
Morehead police reported 106 violent crimes per 100,000 residents, covering a population of about 6,608. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.
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