The story of this market
The typical home in ZIP 42437 sells for about $185,000, or $112 per square foot.
Prices are up +2.8% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $849 a month.
ZIP 42437 — Morganfield
The housing market in 42437 remains stable with modest price appreciation and low inventory levels. Market activity is driven by local demand and limited new construction, resulting in a balanced environment for buyers and sellers.
This ZIP is well-suited for families and long-term residents seeking an affordable, small-town lifestyle with a lower cost of living compared to nearby urban centers.
Median prices moved up 2.8% year over year.
Homes spend a median of 68 days on market with 4.1 months of supply — a balanced-paced market.
14% 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 3.6% · poverty 25.2% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 42437, Union County KY
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by the Union County Public Schools district, which provides standard public education for the region.
The local economy is anchored by agriculture and regional manufacturing, with steady but modest development activity.
Property taxes are assessed by Union County; rates are determined by local taxing districts including the county, city, and school district.
Residents primarily rely on personal vehicles for commuting, with access to regional highways connecting to nearby employment hubs in Henderson and Evansville.
Local amenities include community parks and proximity to regional outdoor recreation areas, with basic retail and dining options located within the city center.
The rental market is characterized by low turnover and limited inventory, primarily consisting of single-family homes and small multi-family units.
The economy is driven by agriculture, local government, and small-scale manufacturing, with many residents commuting to larger regional employers.
Transportation is primarily automobile-dependent, with no significant public transit infrastructure serving the area.
Development is focused on small-scale residential infill and maintenance of existing infrastructure.
The Union County Property Valuation Administrator (PVA) manages property assessments for tax purposes.
Parcels are subject to Union County school district taxes and local municipal service assessments.
Property insurance premiums are generally stable, reflecting the area's low-to-moderate risk profile for natural disasters.
Data retrieved from US Census Bureau ZCTA-level 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.
- Higginson-Henry WMA4.62.3 mi
- Higginson-Henry WMA4.62.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides local green space and recreational facilities for residents.
Hosts community events and regional gatherings.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.