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Market MapKentuckyMorgan

Morgan County

KentuckyPopulation: 13,840
59
/100
Hold
#360 of 1,000 counties
#74 in Kentucky (120 counties)
Analysis by RentalCalcs Research·Independent data + algorithm-driven scoring
Updated January 1, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$136,794
Median Home Price
41% below national median
$8,123/mo
Est. Rent
Based on regional data
5.94%
Rent-to-Price Ratio
Estimated from price data
+$0
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Historical data from Zillow ZHVI/ZORI

Score Breakdown

Overall Investment Score
59/100
59
Cash Flow(30%)
0/100

Rent data not available for cash flow calculation.

Appreciation(25%)
47/100

Based on -0.7% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
85/100

Price-to-income ratio of 3.0x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Affordable relative to local incomes

Challenges

  • -Declining home values (-0.7% YoY)
  • -Negative leverage (cap rate 0.0% < mortgage rate 6.9%)
  • -Limited rent data (estimates used)

Economic Indicators

Population
13,840
Median Income
$46,018
vs $57,059 national est.
Unemployment Rate
—
Data pending
Price-to-Income
3.0x
Very affordable

Who this market fits

Skip if
  • −You can't tolerate negative leverage (cap rate below mortgage rate today)
  • −You expect appreciation to carry the deal, but prices have declined year over year

Compare to Nearby Counties

CountyVerdict
OldhamKY
62$433,371$1,8335.07%BuyView
McLeanKY
60$152,820Est. pending—BuyView
CurrentMorganKY
59$136,794Est. pending—Hold
MarshallKY
58$200,096Est. pending—HoldView
MadisonKY
57$276,671$9794.25%HoldView
WarrenKY
56$286,155$1,2365.18%HoldView

The Bottom Line

HoldMorgan is a neutral market.

Morgan County in Kentucky scores 59/100, ranking #360 of 1,000 US counties (top 48%). At 20% down and current rates, a median-priced rental roughly breaks even on cash flow. The deal works on appreciation or with better terms, not on month-one cash flow.

Monthly Cash Flow
+$0/mo
Cap Rate
0.0%
Cash-on-Cash
0.0%

Related markets

Markets like Morgan with stronger cash flow

  • Warren County for cash-flow rentals
  • Oldham County for cash-flow rentals
  • Madison County for cash-flow rentals

Head-to-head comparisons

  • Morgan vs McLean for rentals
  • Morgan vs Marshall for rentals
  • Morgan vs Madison for rentals
All counties in Kentucky →

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