Morgantown Metro Area, WV Housing

The housing market in the Morgantown, WV Metro Area is very strong, with the median value of homes currently standing at $208,400. This is substantially lower than the national median of $338,100, offering potential buyers plenty of options. The appreciation rate for homes in this area is also higher than the national average, with an increase of 11.43% over the past year compared to 8.27% nationally. This indicates that investing in real estate within this area may be a sound financial decision and well worth considering for prospective buyers.

The median home cost in Morgantown Metro Area is $208,400. Home appreciation the last 10 years has been 49.1%. Home Appreciation in Morgantown Metro Area is up 12.4%.

Average Age of Homes

- The median age of Morgantown Metro Area real estate is 36 years old

The Rental Market in Morgantown Metro Area

- Renters make up 31.0% of the Morgantown Metro Area population
- 2.6% of houses and apartments in Morgantown Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Morgantown, West Virginia	United States
	64,315.0	139,647,020.0
	37	42
	$208,400	$338,100
	12.4%	16.6%
	30.4%	57.0%
	49.1%	101.1%
	$4.97	$10.98
	$927	$2,690
	54.5%	57.4%
	12.7%	11.2%
	32.8%	31.4%
Vacant Housing
	2.6%	1.9%
	0.8%	0.4%
	0.8%	0.7%
	0.2%	0.4%
	2.4%	3.6%
	5.9%	4.1%
Value of Owner-Occupied Housing
	6.3%	2.6%
	4.8%	2.4%
	3.9%	2.8%
	4.0%	3.9%
	4.6%	4.5%
	11.8%	11.3%
	16.5%	13.0%
	25.2%	20.1%
	10.6%	13.6%
	5.4%	8.3%
	4.7%	9.7%
	1.4%	3.9%
	0.3%	2.2%
	0.3%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	16.0%	13.6%
	16.0%	13.6%
	15.2%	13.6%
	11.8%	13.2%
	14.2%	14.8%
	15.2%	13.6%
	7.0%	10.0%
	4.8%	4.7%
	13.7%	12.2%

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