40387 — Morgan County, Kentucky Market Snapshot
Housing market data for zip code 40387 in Morgan County, Kentucky. Updated monthly with median prices, days on market, and more.
Limited Sales Data
Only 6 homes sold in this ZIP code during the selected period. Statistics may not be representative. See the Morgan County county page for broader data.
Market Sales Data
6 sales in 2026 (year to date)
Median Sale Price
$161,900
Days to Sell
131
Homes Sold
6
Inventory
34
Conforming Loan Available
Most homebuyers in 40387 can comfortably use conventional financing. The median home price of $161,900 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 131 days on average, 40387 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Conforming Loan Feasibility
Most homebuyers in 40387 can comfortably use conventional financing. The median home price of $161,900 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 40387 are set at the county level.
2026 Loan Limits — Morgan County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 40387
To purchase the median home at $161,900 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,390.
Monthly Payment
$1,390
Income Required
$59,590
Principal & Interest
$998/mo
Down Payment (5%)
$8,095
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 40387.
Estimated Monthly Payment
$1,152
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 40387. Tell us what you're looking for.