Mortons Gap, KY

Mortons Gap is a small town located in the Appalachian Mountains of Kentucky. The town was founded in 1811 and has a population of just over 1,000 people. Mortons Gap is known for its natural beauty and historical significance. The town is home to the Morton's Gap Historic District, which was designated a National Historic Landmark in 1961.

Real estate in Mortons Gap is dominated by single-family homes and small apartment complexes. The average price for a single-family home in Mortons Gap is $130,000, while the average price for an apartment complex is $60,000. There are also a few commercial properties available in the town, but they account for only a small percentage of the total real estate market.

The main reason why real estate prices are high in Mortons Gap is because of its remote location and lack of infrastructure. There are no major highways or shopping centers close to the town, so buyers have to pay higher prices to get access to these amenities. Additionally, there are very few jobs available in Mortons Gap, so people who want to live there have to be able to find other sources of income.