Morgantown, WV—26505
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 $246,000, with a year-over-year change of 2.1%. This indicates that home prices in Morgantown, WV are increasing. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $246,000 | 2.1% |
| Single Family | $252,000 | 2.0% |
| Condos | $204,000 | 2.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $155,000 | 4.0% |
2 Bed | $201,000 | 4.1% |
3 Bed | $264,000 | 2.3% |
4 Bed | $342,000 | 3.3% |
| 5 Bed | $406,000 | 1.8% |
% of Housing Stock
Rental Trends — Morgantown, WV
As of July '25, Rentcast reports the average rent in Morgantown, WV is $1,310, with a year-over-year rent change of 4.0%. Per bedroom, the median rent as of July '25 in Morgantown, WV is studios: $4,880, 1-bedrooms: $784, 2-bedrooms: $1,120, 3-bedrooms: $1,620, 4-bedrooms: $2,180. The most common rental property sizes in Morgantown, WV are 2-bedroom and 1-bedroom, accounting for 49.0% and 24.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,310 |
| Studio Rent | $4,600 | $4,880 |
| 1 Bed Rent | $775 | $784 |
| 2 Bed Rent | $1,000 | $1,120 |
| 3 Bed Rent | $1,600 | $1,620 |
| 4 Bed Rent | $2,100 | $2,180 |
% 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 65. 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $254,000 | 0.0% |
Listing Count | 97 | 0.0% |
| Listings as % of Homes | 0.3% | 0.0% |
Days on Market | 65 | -19.0% |
Demographics — Morgantown, WV
As of the latest ACS Survey released in 2023, Morgantown, WV has a population of 37,700, which has decreased by -4.8% over the past 5 years. Morgantown, WV is a less popular place for families, as children make up 11.3% of the population. The area has a highly educated workforce, with 55.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,700 | -4.8% |
% Under 18 | 11.3% | 15.3% |
% Seniors | 10.1% | 9.8% |
% WFH | 12.0% | 126.4% |
% w/ College Degree | 55.2% | 4.5% |
As of the latest ACS Survey released in 2023, Morgantown, WV is a predominantly white area, with 81.5% of the population identifying as white. The white population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in Morgantown, WV is asian, making up 6.5% of the population. Foreign-born residents account for 10.0% of the population in Morgantown, WV, and this percentage has decreased by 1.0% 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 | 81.5% | -0.7% |
% Black | 4.0% | -21.6% |
% Hispanic | 3.4% | 41.7% |
% Asian | 6.5% | 1.6% |
% Foreign Born | 10.0% | -1.0% |
Mortgage and Risk — Morgantown, WV
According to HUD data as of 2023, there were 283 mortgage originations in Morgantown, WV, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Morgantown, WV. Investor activity is low, as 9.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 283 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 9.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Morgantown, WV
As of 2024, the percent of homes in Morgantown, WV under the Section 8 program is 3.7%. 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 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 and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 328 |
Total Units Section 8 | 293 |
% Rentals under Section 8 | 3.7% |
% Occupied Section 8 | 87.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $105 | $775 | $880 |
| 2 Bedroom | $110 | $1,000 | $1,110 |
| 3 Bedroom | -$260 | $1,600 | $1,340 |
| 4 Bedroom | -$240 | $2,100 | $1,860 |
Affordability — Morgantown, WV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $246,000 |
| Median Household Income | $42,300 |