Morgantown, KY Real Estate
According to census data in the year 2000 there were 1,141 housing units in Morgantown.
This represents a 17.6% growth from 970 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 1,141 were located in what is classified as a rural area.
Homeownership rate in Morgantown is about 50%.
Morgantown's vacancy rate, including seasonal lodging, is about 8.8%.
Average household size is 2.24 people.
The majority of houses, apartments or condos in Morgantown were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 14.40% |
| Two Bedrooms | 38.90% |
| Three Bedrooms | 36.40% |
| Four Bedrooms | 8% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.2 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $60,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.28 |
| Median year structure was built | 1978 |
| Median Monthly Rent asked for vacant units | $302 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6% |
| Home Equity Loan | 3.10% |
| Simple Mortgage | 47.40% |
| Debt Free | 43.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.9% |
