Morgantown, WV is an attractive option for homebuyers looking for good value for their money. The median value of housing in the area is $257,900, significantly less than the national median of $338,100. In addition to offering a competitive price point, Morgantown's housing market has experienced very strong appreciation over the past year, with values increasing by 19.22%, much higher than the 8.27% national average. These factors make Morgantown an attractive destination for prospective homeowners looking to find good value and solid investment potential.
The median home cost in Morgantown is $257,900. Home appreciation the last 10 years has been 50.2%. Home Appreciation in Morgantown is up 12.4%.
Average Age of Homes
- The median age of Morgantown real estate is 53 years old
The Rental Market in Morgantown
- Renters make up 47.5% of the Morgantown population
- 5.2% of houses and apartments in Morgantown, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.