Income needed to buy a home
Morgan County, KY
$42,859
a year in household income to buy the typical Morgan County home with 10% down.
The monthly math
Typical home value$132,403
Down payment (10%)$13,240
Loan$119,163
Principal and interest (7.40%)$825/mo
Property tax (0.54% a year)$59/mo
Homeowners insurance (estimate)$66/mo
Mortgage insurance$50/mo
Total monthly cost$1,000/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
Within reach
The typical household here earns $47,913 a year, 12% more than it takes.
In Kentucky
Morgan County ranks #21 of 120 for the income a home takes, from least to most.
Easiest to afford in Kentucky
| County | Typical home | Income needed |
|---|---|---|
| Knott County | $60,095 | $19,389 |
| Letcher County | $64,327 | $21,138 |
| Breathitt County | $69,724 | $22,874 |
| Harlan County | $73,753 | $24,417 |
| Leslie County | $74,324 | $24,417 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.