Morganfield CCD Kentucky Area Home Supply Charts

This page looks at a variety of Morganfield CCD Kentucky housing market data taken from the most recent 2019 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Morganfield CCD shows it has a housing units of 3,336 which is more than all other places in the greater Morganfield CCD region.

Figure 2 illustrates the housing density in the Morganfield CCD housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Morganfield CCD depicts it has a housing density of 18.4 which is the smallest when ranked by housing density of all the other places in the metro area. The place with the highest housing density in the area is Waverly which shows a density of 572.5 ( substantially bigger). Comparing housing density to the United States average of 38.6, Morganfield CCD is approximately half the size. Also, in comparison with the state of Kentucky, housing density of 50.1, Morganfield CCD is approximately a third the size.

In Figure 4, Morganfield CCD area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Morganfield CCD depicts it has a change in the housing units of 6.1% which is in the middle range of other places in the surrounding region. The place with the highest change in the housing units in the area is Breckinridge Center CDP which shows a housing units of 26.4% (approximately 4.3 times bigger). Comparing change in the housing units to the United States average of 4.9%, Morganfield CCD is 25.1% larger. Also, in comparison with the state of Kentucky, change in the housing units of 2.5%, Morganfield CCD is approximately 2.5 times bigger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Morganfield CCD shows it has a renter percent of 33.9% which is less than most other places in the metro area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has an owner percent of 66.1% which is the third most owner percent of all other places in the greater Morganfield CCD region.

Morganfield CCD Kentucky Home Cost Charts

Looking at the housing data provided in Figure 7, the average Morganfield CCD home price is illustrated for this community and a useful analysis of affordable housing. Morganfield CCD shows it has a median home price of $93,800 which is the highest of all places in the greater Morganfield CCD region. Figure 8 provides aggregate comparative data for the Morganfield CCD Kentucky metro area in terms of the median housing rental rate, apartment rent, etc. Morganfield CCD shows it has a rental rates of $618 which is the second most rental rates of all the places in the greater Morganfield CCD region. The place with the highest rental rates in the area is Breckinridge Center CDP which shows a rental rates of $645 (only about 4.4% larger). Comparing rental rates to the United States average of $1,023, Morganfield CCD is approximately three-fourths the size. Also, compared to the state of Kentucky, rental rates of $741, Morganfield CCD is about 19.9% smaller.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Morganfield CCD has the percentage of home price worth less than $50,000 the second smallest as measured by home price worth less than $50,000 of all the other places in the metropolitan area at 16% of the total. Second, it has less than most other places in the greater region when ranked by home price worth between $50,000 to $100,000 at 36% of the total. Third, it has one of the largest proportions of home price worth between $100,000 to $200,000 at 29% of the total and is ranked #2. The only larger place being Morganfield with 32%. Also, it has the largest proportion of home price worth between $200,000 to $300,000 at 14% of the total and is ranked #1. In addition, it has the largest proportion of home price worth between $300,000 to $400,000 at 3% of the total and is ranked #1. Furthermore, it has the largest proportion of home price worth between $400,000 to $500,000 at 1% of the total and is ranked #1. Next it has the largest proportion of home price worth between $750,000 to $1,000,000 at 1% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Morganfield CCD shows it has a median ownership cost of $699 which is the third most of all other places in the greater region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Morganfield CCD metro area. it has a cost as a percent of household income of 15% which is less than most other places in the metro area. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Morganfield CCD shows it has a median home value as a percent of median worker earnings of 293% which is more than all other places in the metro area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Morganfield CCD shows it has a median housing cost of $957 which is the most of all places in the greater Morganfield CCD region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a median housing cost of $362 which is the second most median housing cost of all the places in the greater Morganfield CCD region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Morganfield CCD has the percentage of owner cost less than $300 the second smallest as measured by owner cost less than $300 of all the other places in the greater region at 16% of the total. Second, it has the largest proportion of owner cost between $1,000 and $1,500 at 24% of the total and is ranked #1. Third, it has the largest proportion of owner cost between $2,000 and $2,500 at 1% of the total and is ranked #1.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Morganfield CCD shows it has a cost as a percent of household income of 18% which is in the center range of other places in the area. The place with the highest cost as a percent of household income in the area is Breckinridge Center CDP which shows a cost as a percent of household income of 23% (29.3% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Morganfield CCD depicts it has a cost as a percent of household income of 12% which is less than most other places in the local area. The place with the highest cost as a percent of household income in the area is Breckinridge Center CDP which depicts a cost as a percent of household income of 14% (25.0% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Morganfield CCD has the percentage of rent as a percent of income is less than 10 pct in the mid range of other places in the surrounding region at 4% of the total. Second, it has one of the largest proportions of rent as a percent of income is between 10pct to 20pct at 21% of the total and is ranked #2. The only larger place being Breckinridge Center CDP with 25%. Third, it has one of the largest proportions of rent as a percent of income is between 20pct to 30pct at 32% of the total and is ranked #2. The only larger place being Breckinridge Center CDP with 36%. Also, it has one of the largest proportions of rent as a percent of income is between 30pct to 40pct at 22% of the total and is ranked #3. Only #2 Morganfield (29%), and #1 Uniontown (34%) are larger. In addition, it has in the center range of other places in the greater region as measured by rent as a percent of income is over 50pct at 12% of the total.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Morganfield CCD has the smallest proportion of housing cost less than $300 at 14% of the total. Second, it has the largest proportion of housing cost between $2,000 and $2,500 at 1% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a median real estate taxes paid of $829 which is the second most median real estate taxes paid of all the places in the greater Morganfield CCD region. The place with the highest median real estate taxes paid in the area is Morganfield which depicts a taxes paid of $848 ( only slightly larger). Comparing median real estate taxes paid to the United States average of $2,375, Morganfield CCD is approximately a third the size. Also, compared with the state of Kentucky, median real estate taxes paid of $1,166, Morganfield CCD is approximately three-fourths the size.

Figure 23 shows the rental rate distribution for this area. Morganfield CCD Kentucky has one of the largest proportions of rent between 500 and 750 dollars at 52% of the total and is ranked #2. The only larger place being Breckinridge Center CDP with 94%. Second, it has one of the largest proportions of rent between 750 and 1000 dollars at 16% of the total and is ranked #2. The only larger place being Morganfield with 16%.

Morganfield CCD Kentucky Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Morganfield CCD has the largest proportion of 2nd mortgage or heloc-not both at 5% of the total and is ranked #1. Second, it has in the middle range of other places in the local area when ranked by no mortgage at 41% of the total.

Morganfield CCD Kentucky Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a family members per housing unit of 3.2 which is the second most of all the places in the metro area. The place with the highest family members per housing unit in the area is Breckinridge Center CDP which indicates a family members per housing unit of 4.1 (31.3% larger). Comparing family members per housing unit to the United States average of 3.3, Morganfield CCD is about 5.6% smaller. Also, in contrast to the state of Kentucky, family members per housing unit of 3.1, Morganfield CCD is about the same size.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has an average number of rooms in a house of 5.5 which is the second most average number of rooms in a house of all the places in the greater Morganfield CCD region. The place with the highest average number of rooms in a house in the area is Waverly which depicts an average number of rooms in a house of 5.9 (7.3% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a year built of 1974 which is the second most year built of all the places in the greater Morganfield CCD region. The place with the highest year built in the area is Breckinridge Center CDP which depicts a year built of 1984 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built between 1939 or earlier the second smallest when ranked by homes built in 2014 or later of all the other places in the surrounding region at 15% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. it has the largest proportion of owner housing units at 1,942 of the total and is ranked #1. Second, it has the largest proportion of renter housing units at 996 of the total and is ranked #1.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. has the percentage of one unit detached in the center range of other places in the local area at 76% of the total. Second, it has the largest proportion of 20 to 49 units at 0% of the total and is ranked #1. Third, it has in the mid range of other places in the metro area when sorted by mobile home at 14% of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has the largest proportion of value of homes built 2000 to 2009 at $160,900 of the total and is ranked #1. Second, it has the largest proportion of value of homes built 1990 to 1999 at $118,800 of the total and is ranked #1. Third, it has one of the largest proportions of value of homes built 1980 to 1989 at $67,900 of the total and is ranked #2. The only larger place being Sturgis with $115,000. Also, it has the largest proportion of value of homes built 1970 to 1979 at $104,800 of the total and is ranked #1. In addition, it has the largest proportion of value of homes built 1960 to 1969 at $132,000 of the total and is ranked #1. Furthermore, it has the largest proportion of value of homes built 1950 to 1959 at $69,100 of the total and is ranked #1. Next it has one of the largest proportions of value of homes built 1940 to 1949 at $75,000 of the total and is ranked #2. The only larger place being Morganfield with $83,500. Additionally, it has one of the largest proportions of value of homes built 1939 or earlier at $78,600 of the total and is ranked #2. The only larger place being Morganfield with $84,100.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Morganfield CCD residents. it has a homeowner household size of 2.5 which is the second most homeowner household size of all the places in the greater Morganfield CCD region. The place with the highest homeowner household size in the area is Waverly which shows a homeowner household size of 2.6 (only about 4.5% larger).

Figure 37 shows the household size for renters. Morganfield CCD depicts it has a renter household size of 2.5 which is the third most renter household sizes of all other places in the greater Morganfield CCD region. The place with the highest renter household size in the area is Breckinridge Center CDP which shows a renter household sizes of 4.3 (73.3% larger). Figure 38 shows the year that people who own homes moved into this region. it has the largest proportion of owners moved in 2017 or later at 5% of the total and is ranked #1. Second, it has the smallest proportion of owners moved in 2000 to 2009 at 29% of the total. Figure 39 shows the year that people who rent moved into the area. Morganfield CCD has the percentage of renters moved in 2017 or later in the center range of other places in the local area at 10% of the total. Second, it has one of the largest proportions of renters moved in 2015 to 2016 at 40% of the total and is ranked #2. The only larger place being Morganfield with 50%. Third, it has the second smallest in terms of renters moved in 2017 or later of all the other places in the area in terms of renters moved in 2000 to 2009 at 11% of the total. Also, it has one of the largest proportions of renters moved in 1989 or earlier at 0% of the total and is ranked #3. Only #2 Sturgis (2%), and #1 Waverly (15%) are larger.

Figure 40 compares the median year that home owners moved into their home. it has a median year that a home owner moved in of 2001 which is less than most other places in the metropolitan area. Figure 41 compares the median year that renters moved into their home. Morganfield CCD depicts it has a median year that a renter moved in of 2014 which is the second most of all the places in the metropolitan area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has the largest proportion of home using bottled, tank, or lp gas at 10% of the total and is ranked #1.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Morganfield CCD housing department, Kentucky department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Morganfield CCD depicts it has a total people living in group quarters of 1,570 which is more than all other places in the greater Morganfield CCD region.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Morganfield CCD residents (these may include colleges and jails but also community centers for homelessness or that require a housing choice voucher which are run by certain nonprofits or an affordable housing department.) Morganfield CCD has one of the largest proportions of number of people 18 years of age and older living in group quarters at 99% of the total and is ranked #3. Only #2 Sturgis (100%), and #1 Morganfield (100%) are larger.