HomeKentuckyRowan CountyMorehead city
Morehead city, Kentucky: commercial real estate data.
Morehead city is a Census city of 6,870 people across 9.67 square miles of land, in Rowan County. Median household income is $36,741, 33.0 percent of occupied homes are owned, and the SBA record carries 8 7(a) approvals to borrowers here worth $2.7 m.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Morehead
What Morehead is
- Census place typecity
- Land area9.67 sq mi
- Water area0.12 sq mi
- Population per square mile of land710
- County holding the largest share of its areaRowan County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Morehead
How many people live in Morehead
- Population6,870
- Median age22.0
- Population under 18860 plus or minus 195
- Share under 1812.5 percent plus or minus 2.8
- Population 65 and over529 plus or minus 132
- Share 65 and over7.7 percent plus or minus 1.9
- Households1,854
- Family households751
- Share of households that are families40.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Morehead
Income and work in Morehead
- Median household income$36,741 plus or minus $8,053
- Per capita income$23,475 plus or minus $8,437
- Civilian labor force3,303
- Employed3,123
- Unemployed180 plus or minus 105
- Unemployment rate5.4 percent plus or minus 3.1
- Adults 25 and over2,511
- Adults 25 and over with a high school diploma or higher86.3 percent
- Adults 25 and over with a bachelor degree or higher29.9 percent plus or minus 6.4
- Adults 25 and over with a graduate degree16.0 percent plus or minus 4.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Morehead
Housing in Morehead
- Housing units2,042
- Occupied units1,854
- Vacant units188 plus or minus 126
- Vacancy rate9.2 percent plus or minus 6.1
- Owner occupied612 plus or minus 146
- Renter occupied1,242
- Ownership rate33.0 percent plus or minus 7.0
- Median owner-occupied home value$184,900
- Median gross rent, monthly$800
- Annual rent as a share of median income26.1 percent plus or minus 6.3
- Single family units1,085
- Share single family53.1 percent
- Units in buildings of two or more896 plus or minus 228
- Share in buildings of two or more43.9 percent plus or minus 10.2
- Mobile homes61 plus or minus 55
- Median year structure built1980
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Morehead
How Morehead gets to work
- Workers 16 and over who commute2,587
- Commuting under 15 minutes1,761
- Share commuting under 15 minutes68.1 percent
- Commuting 30 minutes or more451 plus or minus 142
- Share commuting 30 minutes or more17.4 percent plus or minus 5.0
- Drove alone59.0 percent
- Carpooled4.0 percent plus or minus 2.5
- Public transport0.0 percent
- Walked25.4 percent plus or minus 6.3
- Worked from home11.6 percent plus or minus 7.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Morehead
SBA loans in Morehead (7(a))
- Approvals8
- Gross approval$2,749,500
- Average approval$343,688
- Median approval$315,000
- Ninetieth percentile approval$830,000
- Largest approval$830,000
- Jobs supported55
- Jobs per approval6.9
- Loans with a final outcome5
- Paid in full5
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more25.0 percent
- Share to franchises12.5 percent
- Distinct lenders7
- Distinct industries by NAICS7
A charge-off rate is not published here. only 5 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Morehead
SBA loans in Morehead (504)
- Approvals2
- Gross approval$636,000
- Average approval$318,000
- Median approval$358,000
- Largest approval$358,000
- Jobs supported15
- Loans with a final outcome2
- Charged off0
- Median term240 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Rowan County, not Morehead
Rowan County context, not Morehead figures
These are Rowan County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Morehead measurements.
- Establishments in Rowan County532
- Employment at those establishments, Rowan County8,319
- Covered employment, Rowan County10,490
- Average annual pay, Rowan County$48,895
- Average weekly wage, Rowan County$940
- Housing units permitted, Rowan County45
- Of those, single family, Rowan County5
- County product, 2024, Rowan County$1,068,076,000
- County product change over the prior year, Rowan County5.7 percent
- Average income of an arriving household, Rowan County$38,837
Every figure in this section is published for Rowan County as a whole and is not a measurement of Morehead. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Morehead questions, answered from the record.
How many people live in Morehead, Kentucky?
6,870, in 1,854 households. Morehead city covers 9.67 square miles of land, which is 710 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Morehead in?
Rowan County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Morehead?
$36,741. The median owner-occupied home is valued at $184,900. Median gross rent is $800 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Morehead businesses?
8 7(a) approvals totalling $2.7 m, across 7 lenders, median approval $315,000, plus 2 504 approvals worth $636,000. These count approvals to borrowers whose address is in Morehead, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Morehead borrowers get paid back?
No rate is published for Morehead. only 5 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Morehead figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Rowan County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Morehead.
Is zoning published for Morehead?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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