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Morehead

Morehead

Located in Rowan County

$252,802 Average Value
$139 Average Price per Sq Ft
22 Homes For Sale

Morehead is rural but with a vibrant downtown scene

Morehead is a thriving rural area in Eastern Kentucky that's also the seat of Rowan County. Settled in 1854, it was once a booming lumber town, but its economic growth was secured when Morehead State University opened its doors in 1887. Today, it has a vibrant downtown. "Because of Morehead State University, we have an active Main Street. Most of the kids are local, so they go home to see their parents on the weekend, and the place empties out," says local Phillip Frances, a Realtor with Homeland Real Estate who recently started his career selling homes. "Morehead acts as a hub for all the little communities around it. In Eastern Kentucky, it's rare to have so many options for things to do like you can here." The community has diverse shopping and dining options, drawing in locals from surrounding small towns, and access to plenty of outdoor recreation.

Locals hike, fish and boat at nearby lakes and forest trails

Morehead offers lots of outdoor recreation, from the big playground and sports fields at the Morehead City Park Complex to the fishing at Eagle Lake. Locals can participate in even more water activities at nearby Cave Run Lake, popular for boating, kayaking and hiking. Sheltowee Trace National Recreation Trail begins just north of Morehead, running through the community and into the Red River Gorge Geological Area and Daniel Boone National Forest. In total, it covers 343 miles between Kentucky and Tennessee. In the stretch through Morehead, turtle statues painted by local artists commissioned by Rowan County Art Center line the trail. "I think the Turtle Walk is a unique, cool little thing for Morehead. We take our kids out every weekend to do it. All over town, following this trail, you'll see turtles everywhere," Francis says.

Spacious lots and diverse housing eras

There's a healthy mix of midcentury housing and contemporary builds in Morehead, most sitting on spacious lots, especially along the outskirts of the area. Ranch-style homes and cottages are common sights, as are large New Traditional homes. "We've seen people come in droves who want that sort of rural escapism. They want to raise animals, have gardens and try out homesteading," Francis says. "You can build your own home and find a nice plot of land here." Due to the student population, there are more renters than owners in central Morehead. While some students elect to live in dorms, many will rent around the campus. The median sales price in Morehead for single-family homes is $245,000, lower than the median price of $480,000 in nearby Lexington.



Local shops and eateries in downtown Morehead

Morehead is a shopping and dining hub for many surrounding rural communities, providing retail plazas and an active, vibrant downtown scene. "Downtown has a bunch of murals and painted turtle statues. We've got Sawstone Brewing, which is pretty great, and lots of locally owned restaurants," Francis says. "It'll be super busy on Main Street on Thursday and Friday, then all the college kids head home, so Saturday and Sunday are more laid-back." Popular errand stops such as Walmart Supercenter, Kroger and Lowe's are on the community's west side.

Education with Rowan County and Morehead State University

Rowan County Schools serve the community, and the district receives a C from Niche. Kentucky offers inter-district school choice via open enrollment. Each school in Rowan County uses PBIS, or the Positive Behavioral Interventions and Supports system. Students may attend Rodburn Elementary, rated B-minus. Most students will move on to Rowan County Middle, which gets a C-minus, before heading to C-rated Rowan County Senior High. The area is home to Morehead State University, one of Morehead's biggest employers, offering nearly 150 undergraduate majors.

Navigating eastern Kentucky and flights from Lexington

Several main roads run through Morehead, including Route 60 and Interstate 64, which runs 65 miles west into the heart of Lexington. While there are small regional airports around Morehead, many will drive into Lexington to fly out of the Blue Grass Airport, which serves several commercial airlines.

Kaitie Lamb
Written By
Kaitie Lamb

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Morehead Housing Trends

Housing Trends

Median List Price
$246,500
Median Sale Price
$218,500
Median Single Family Sale Price
$229,000
Median 2 Bedroom Sale Price
$184,000
Median Change From 1st List Price
4%
Last 12 months Home Sales
88
Median Home Sale Price YoY Change
-1%
Average Price Per Sq Ft
$139

Area Facts

Number of Homes in Neighborhood
1,150
Number of Homes for Sale
22
Median Year Built
2006
Months of Supply
3.00
Average Single Family Home Size Sq Ft
1,799
Below the national average
1,924
Average Townhouse Size Sq Ft
3,312
Median Lot Size Sq Ft
20,255

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Morehead Has More Renters

Demographics

Total Population
6,865
Median Age
26
Population under 18
24.7%
On par with the national average
23.8%
Population over 65
11.6%
Below the national average
19.1%

Finances

Median Household Income
$40,441
Significantly below the national average
$71,702
Average Household Income
$69,149

Education and Workforce

High School Graduates
89.7%
College Graduates
32%
Advanced Degrees
16.6%
On par with the national average
13.3%
% Population in Labor Force
54.1%
Below the national average
65.1%

Weather

Annual Precipitation
47''
Average Winter Low Temperature
23°F
Average Summer High Temperature
85°F
Annual Snowfall
9''

Area Factors

Somewhat Bikeable

Bike Score®®

5 / 100

Car-Dependent

Walk Score®®

1 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Morehead