Morgantown, WV—26508
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 $317,000, with a year-over-year change of 1.7%. This indicates that home prices in Morgantown, WV are increasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $317,000 | 1.7% |
| Single Family | $321,000 | 2.2% |
| Condos | $187,000 | 9.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $124,000 | -0.8% |
2 Bed | $187,000 | 3.9% |
3 Bed | $295,000 | 2.4% |
4 Bed | $476,000 | 2.6% |
| 5 Bed | $674,000 | 2.0% |
% of Housing Stock
Rental Trends — Morgantown, WV
As of July '25, Rentcast reports the average rent in Morgantown, WV is $1,730, with a year-over-year rent change of 21.8%. Per bedroom, the median rent as of July '25 in Morgantown, WV is 1-bedrooms: $977, 2-bedrooms: $1,300, 3-bedrooms: $1,950, 4-bedrooms: $2,300. The most common rental property sizes in Morgantown, WV are 2-bedroom and 3-bedroom, accounting for 34.4% and 25.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,730 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,000 | $977 |
| 2 Bed Rent | $1,200 | $1,300 |
| 3 Bed Rent | $1,900 | $1,950 |
| 4 Bed Rent | $2,300 | $2,300 |
% 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 53. This is a decrease of -12.0% 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 | $430,000 | 2.0% |
Listing Count | 145 | 9.0% |
| Listings as % of Homes | 0.6% | 9.0% |
Days on Market | 53 | -12.0% |
Demographics — Morgantown, WV
As of the latest ACS Survey released in 2023, Morgantown, WV has a population of 39,400, which has increased by 17.4% over the past 5 years. Morgantown, WV is a moderately popular place for families, as children make up 21.7% of the population. The area has a highly educated workforce, with 49.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,400 | 17.4% |
% Under 18 | 21.7% | 2.4% |
% Seniors | 14.1% | 14.6% |
% WFH | 12.5% | 190.7% |
% w/ College Degree | 49.8% | 17.7% |
As of the latest ACS Survey released in 2023, Morgantown, WV is a predominantly white area, with 88.4% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Morgantown, WV is hispanic, making up 3.7% of the population. Foreign-born residents account for 2.9% of the population in Morgantown, WV, and this percentage has decreased by 6.5% 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 | 88.4% | -3.5% |
% Black | 2.5% | 8.7% |
% Hispanic | 3.7% | 146.7% |
% Asian | 2.7% | -10.0% |
% Foreign Born | 2.9% | -6.5% |
Mortgage and Risk — Morgantown, WV
According to HUD data as of 2023, there were 725 mortgage originations in Morgantown, WV, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Morgantown, WV. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 725 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Morgantown, WV
As of 2024, the percent of homes in Morgantown, WV under the Section 8 program is 8.2%. 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. In Morgantown, WV, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 292 |
Total Units Section 8 | 292 |
% Rentals under Section 8 | 8.2% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$100 | $1,000 | $900 |
| 2 Bedroom | -$60 | $1,200 | $1,140 |
| 3 Bedroom | -$530 | $1,900 | $1,370 |
| 4 Bedroom | -$390 | $2,300 | $1,910 |
Affordability — Morgantown, WV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $317,000 |
| Median Household Income | $83,200 |