Morgantown, WV—26501
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Morgantown, WV
As of Oct '25, the median home price in Morgantown, WV is $207,000, with a year-over-year change of -0.2%. This indicates that home prices in Morgantown, WV are flat. According to Zillow, the 1-year price projection is -1.4%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $207,000 | -0.2% |
| Single Family | $208,000 | -0.5% |
| Condos | $130,000 | 0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $104,000 | -8.8% |
2 Bed | $145,000 | -0.7% |
3 Bed | $230,000 | 0.4% |
4 Bed | $304,000 | 0.7% |
| 5 Bed | $394,000 | 0.8% |
% of Housing Stock
Rental Trends — Morgantown, WV
As of July '25, Rentcast reports the average rent in Morgantown, WV is $1,280, with a year-over-year rent change of 0.8%. Per bedroom, the median rent as of July '25 in Morgantown, WV is 1-bedrooms: $827, 2-bedrooms: $998, 3-bedrooms: $1,680, 4-bedrooms: $1,400. The most common rental property sizes in Morgantown, WV are 2-bedroom and 3-bedroom, accounting for 40.3% and 24.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,280 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $827 |
| 2 Bed Rent | $900 | $998 |
| 3 Bed Rent | $1,700 | $1,680 |
| 4 Bed Rent | $1,050 | $1,400 |
% of Rental Stock
Property Listings — Morgantown, WV
As of Oct '25, Realtor.com reports that the median days on market for a home in Morgantown, WV is 51. This is a decrease of -19.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $296,000 | -4.0% |
Listing Count | 92 | 14.0% |
| Listings as % of Homes | 0.9% | 14.0% |
Days on Market | 51 | -19.0% |
Demographics — Morgantown, WV
As of the latest ACS Survey released in 2023, Morgantown, WV has a population of 19,600, which has decreased by -11.4% over the past 5 years. Morgantown, WV is a less popular place for families, as children make up 14.5% of the population. The area has a moderately educated workforce, with 44.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,600 | -11.4% |
% Under 18 | 14.5% | -17.1% |
% Seniors | 14.9% | 10.4% |
% WFH | 9.7% | 125.6% |
% w/ College Degree | 44.9% | 18.5% |
As of the latest ACS Survey released in 2023, Morgantown, WV is a predominantly white area, with 87.5% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Morgantown, WV is black, making up 6.1% of the population. Foreign-born residents account for 2.1% of the population in Morgantown, WV, and this percentage has decreased by 50.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 87.5% | -2.2% |
% Black | 6.1% | 38.6% |
% Hispanic | 1.8% | -41.9% |
% Asian | 1.2% | 20.0% |
% Foreign Born | 2.1% | -50.0% |
Mortgage and Risk — Morgantown, WV
According to HUD data as of 2023, there were 293 mortgage originations in Morgantown, WV, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Morgantown, WV. Investor activity is low, as 5.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 293 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Morgantown, WV
As of 2024, the percent of homes in Morgantown, WV under the Section 8 program is 8.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Morgantown, WV, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 304 |
Total Units Section 8 | 304 |
% Rentals under Section 8 | 8.5% |
% Occupied Section 8 | 84.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $700 | $800 |
| 2 Bedroom | $110 | $900 | $1,010 |
| 3 Bedroom | -$480 | $1,700 | $1,220 |
| 4 Bedroom | $650 | $1,050 | $1,700 |
Affordability — Morgantown, WV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $207,000 |
| Median Household Income | $62,200 |