There are currently 335 real estate properties in Mortons Gap, KY, with a median automated valuation model (AVM) price of $55,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mortons Gap, KY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Mortons Gap, KY, is $67,858.00, with the most expensive house in Mortons Gap, KY, topping out at $426,500.00 and the cheapest home in Mortons Gap, KY, clocking in at $18,100.00. In other words, there’s something for every potential homebuyer or savvy investor in Mortons Gap, KY!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mortons Gap, KY, is on a rollercoaster ride. The average rent price in Mortons Gap, KY, is $787.00. Indeed, when looking to rent in Mortons Gap, KY, you can expect to pay as little as $400.00 or as much as $1,600.00, with the average rent median estimated to be $800.00. The good news is that finding an affordable and desirable property to rent in Mortons Gap, KY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Mortons Gap, KY area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Mortons Gap, KY and much more. Save thousands at closing with home foreclosure listings in Mortons Gap, KY — up to 75% off market value!
Mortons Gap is located in Hopkins, Kentucky, with an estimated municipal population of 826 residents. All of the best foreclosed homes for sale in Mortons Gap are located in the following zip code areas on Foreclosure.com: 42431 42440 42442. The estimated population per square kilometer (.62 miles) in Mortons Gap is 269.
So, about how much do homes cost in Mortons Gap? The most recent median value of resident-owned homes in Mortons Gap is 55,351. An estimated 77.2 percent of households in Mortons Gap own their homes, with an average family size of 2.99. The median household income in Mortons Gap is 35,972, with5.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Mortons Gap, the median commute time of resident workers (in minutes) is 20.8. And last, but certainly not least, are you looking for homes to rent in Mortons Gap? If so, the average rent price paid by renters in Mortons Gap is 682, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Mortons Gap, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Mortons Gap is 43.4, split between 51.6 percent male versus 48.4 female. The percentage of residents who report being married in Mortons Gap is 54.8, with an average family size of 2.99.
The percentage of residents who report their race in Mortons Gap is as follows:
| White | 92.4% |
| Black / African American | 5.6% |
| Asian | 0% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 2% |
| Other | 0% |
Looking for family-friendly neighborhoods in and/or near Mortons Gap? Or maybe you are searching for 55+ active adult communities in and/or near Mortons Gap?
The percentage of residents who report their age in Mortons Gap is as follows:
| Under 10 | 12% |
| Aged 10-19 | 13.9% |
| 20s | 12.4% |
| 30s | 10.2% |
| 40s | 11.4% |
| 50s | 20.1% |
| 60s | 10.3% |
| 70s | 5.7% |
| 80+ | 4.1% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Mortons Gap with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Mortons Gap.
How do you know that living in -- or moving to -- Mortons Gap is right where you need to be? Perhaps you grew up in Mortons Gap or already live nearby; therefore, the decision to buy a home in Mortons Gap is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Mortons Gap for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Mortons Gap:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Mortons Gap.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Mortons Gap can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Mortons Gap, meanwhile, can field multiple offers from more qualified buyers.
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