The story of this market
The typical home in Rowan County, Kentucky sells for about $195,000, or $113 per square foot.
Prices are up +18.2% from a year ago, so sellers still have some momentum. Homes take about 29 days to sell, which is fast. Over the long run, values in this county have grown 91% since 2000. The biggest natural hazard here is lightning, which FEMA rates very high. HUD's fair market rent for a two-bedroom is $977 a month.
HUD sets the fair market rent for a 2-bedroom at $977 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Moderate.
Price climate
Every year of price change, 2000–2025
0%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+17.5%). Worst: 2019 (-4.3%). Hover to read a year.
Monthly price momentum
Home values since 2015
+4.3%
KY · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,252
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
0%
2025 change
FHFA repeat-sales index, median of 4 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
73
Relatively Moderate
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $12,902,808.
Mortgage activity
Home lending in this county
68.1%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 532 | 241 | 68.1% | 8.5% | $130,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Rowan County, Kentucky
The Rowan County housing market shows moderate price appreciation and low inventory levels, driven by steady demand in the Morehead area. While the population remains relatively flat, the market is supported by the stable employment base of the university and healthcare sectors.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: median price diverges 15.2% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict.
Select a city to expand its ZIP intel reports beneath · 1 city · 1 ZIP report
Median prices moved up 20.1% year over year.
Homes spend a median of 57 days on market with 9.4 months of supply — a slower-moving market.
19% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.9% · poverty 19.2% — a mixed stability profile.
Deterministic aggregate of 1 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Rowan County, Kentucky — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 17
| 40351 | Morehead | $214,000 | $113 | +20.1% | 57 | 96.5% | 18.8% | 9.4 | 170 | $786 | researched Sep 17 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
The county is primarily served by the Morehead-based Rowan County School District, which provides standard public education services for the region.
The area is subject to standard regional flood and wind risks common to Eastern Kentucky, with insurance premiums influenced by national climate-risk modeling.
Economic momentum is anchored by Morehead State University and regional healthcare services, with limited large-scale industrial development currently reported.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Kentucky) — Kentucky Ad Valorem Property Tax: Property is assessed at its fair cash value (price at a fair voluntary sale). The tax is calculated by applying local and state tax rates to the assessed value.
The economy is heavily influenced by the public sector, specifically Morehead State University and local government, alongside healthcare and retail services.
The county is served by U.S. Route 60 and Interstate 64, which provide the primary east-west transit corridors for the region.
The Rowan County Property Valuation Administrator (PVA) conducts periodic assessments to determine fair cash value for local property tax purposes.
Parcels are subject to various special taxing districts including school, library, and health department levies.
Property insurance markets are stable but sensitive to regional weather-related claims typical of the Appalachian foothills.
- Thatcher Barbecue Company4.629.6 mi
- Mr Gatti's Pizza4.32 mi
- Broke Leg Falls4.618.8 mi
- Cave Run Lake Tailwater4.75.6 mi
- Morehead Cinemas 64.51.6 mi
- Kentucky Folk Art Center4.61.7 mi
- Mr Gatti's Pizza4.32 mi
- Sky Bridge Arch4.925.6 mi
- Red River Gorge Earth Shop4.829.6 mi
- Historic Goddard White Covered Bridge4.815.2 mi
- Kentucky Folk Art Center4.61.7 mi
- Broke Leg Falls4.618.8 mi
- Cave Run Lake Tailwater4.75.6 mi
- Morehead City Park Complex4.52.1 mi
- Scott Creek Marina4.65.9 mi
- Grayson Lake Marina4.626.4 mi
- Morehead Peddlers Mall4.41.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
A major reservoir offering boating, fishing, and camping, serving as a primary outdoor destination for the region.
Provides extensive hiking, trail systems, and wilderness access that defines the local landscape.
An anchor institution that provides cultural events, sports facilities, and economic stability to the county seat.
Data retrieved from Census Reporter and ACS 5-year tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Property is assessed at its fair cash value (price at a fair voluntary sale). The tax is calculated by applying local and state tax rates to the assessed value. A homestead exemption is available for owners aged 65 or older or those who are totally disabled, which exempts a portion of the assessed value from taxation (the specific exemption amount is adjusted biennially based on the cost of living index).
Kentucky Constitution Section 170, 172; KRS 132.190
Kentucky is a judicial foreclosure state, requiring a court action to enforce a mortgage or lien. The process involves a court-ordered sale, typically conducted by the master commissioner.
KRS Chapter 426
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.