Home Insurance in Morgantown, Kentucky
Homes in Morgantown carry a median value of $114,000 - close to the Butler County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Morgantown was built around 1976. About 11% of homes were built before 1960, about 4 points below Butler County's 16%.
The housing stock in Morgantown is 47% single-family homes, 22% apartments in buildings with 5+ units and 11% mobile or manufactured homes. The rest are 2-4 unit or other housing types. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Morgantown, about 39% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 31% of occupied homes in Morgantown are owner-occupied. The vacancy rate is 12%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
58% of homes in Morgantown are primarily heated with electricity.
FEMA rates Butler County's overall risk as Very Low, led by hail (Relatively Moderate). Butler County had 16 active NFIP flood policies as of September 2026. See the full Butler County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Kentucky is $1,525 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $114,000 |
|---|---|
| Median year built | 1976 |
| Owner-occupied share | 31% |
| Share of owner-occupied homes with a mortgage | 39% |
| Top county hazard | Hail (Relatively Moderate) |
| Active NFIP policies in Butler County | 16 |
| Home insurance premium | $1,525 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)