Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 13,758 ↓ 0.3% since 2020 |
| Median Household Income | $55,971 25% below national median |
| Median Home Value | $134,200 |
| Unemployment Rate | 3.0% |
| Median Age | 44.4 years |
| Housing Vacancy Rate | 23.0% |
| Total Land Sales (Past 12 Months) | 41 transactions |
| Active Listings | 16 properties |
| Avg Days on Market | 594 days |
Rural Land Sales (1+ Acres) (Mar 2025 – Feb 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $1,720 |
| Recent Sales | 38 transactions |
| Avg Days on Market | 567 days |
| Avg Parcel Size | 59.40 acres |
| Active Listings | 14 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Feb 2026 | 33.92 | $55,000 | $1,621 | West Liberty |
| Feb 2026 | 75.00 | $95,000 | $1,267 | West Liberty |
| Jan 2026 | 49.51 | $100,000 | $2,020 | Ezel |
| Sep 2025 | 1.60 | $20,000 | $12,500 | Ezel |
| Sep 2025 | 15.00 | $12,000 | $800 | West Liberty |
| Aug 2025 | 175.00 | $150,000 | $857 | West Liberty |
| May 2025 | 40.00 | $106,000 | $2,650 | West Liberty |
| Mar 2025 | 129.00 | $230,000 | $1,783 | West Liberty |
Suburban/Urban Land Sales (Under 1 Acre)
| Metric | Value |
|---|---|
| Median Lot Price | $13,000 |
| Recent Sales | 3 transactions |
| Avg Days on Market | 945 days |
| Avg Parcel Size | 0.80 acres |
| Active Listings | 2 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Nov 2023 | 0.65 | $13,000 | West Liberty |
| Aug 2023 | 0.87 | $125,000 | West Liberty |
| Apr 2023 | 0.75 | $6,500 | West Liberty |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 13,938 |
| Population (2020) | 13,726 |
| Population Growth | 1.54% |
| Median Household Income | $47,493 |
| Median Home Value | $106,000 |
| Total Housing Units | 5,650 |
| Vacant Housing Units | 903 |
| Housing Vacancy Rate | 16.0% |
| Median Age | 41.8 |
| Bachelor's Degree or Higher | 917 (6.6%) |
| Unemployment Rate | 3.0% |
Market Overview
Morgan County, Kentucky has a population of 13,938, which has grown 1.54% since 2020. The median household income is $47,493, below the national median of $74,580 by 36.3%. The housing vacancy rate of 16.0% suggests soft market conditions. The county's location in Kentucky makes it accessible for investors and developers seeking rural land. Recent rural land sales show a median price of $1,720 per acre, with properties averaging 59.40 acres. There are currently 16 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Morgan County, Kentucky?
As of the 2023 American Community Survey, Morgan County has a population of 13,938. The county has grown 1.54% since the 2020 Census, indicating a growing community.
What is the median household income in Morgan County?
The median household income in Morgan County is $47,493, which is 36.3% below the national median of $74,580.
Is Morgan County growing or shrinking?
Morgan County is growing. The population has increased 1.54% since 2020.
What is the housing market like in Morgan County?
The median home value in Morgan County is $106,000. The housing vacancy rate is 16.0%, which suggests soft market conditions. The unemployment rate is 3.0%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $1,720 per acre. Suburban/urban lots under 1 acre have a median lot price of $13,000.
Does Reelvest buy land in Morgan County, Kentucky?
Yes! Reelvest Properties buys vacant land throughout Kentucky, including Morgan County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.