Morgantown, WV26505

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$246,000
2.1% YoY Growth
Median Household Income
$42,300
10.1% 5-Year Growth
Days on Market
65
19.0% Shorter than last year
Home Price Forecast
-0.8%
Median Rent
$1,050
4.0% YoY Growth
1-Bed Rent
$775
18.3% YoY Growth
2-Bed Rent
$1,000
6.7% YoY Growth
3-Bed Rent
$1,600
3.0% YoY Growth

Other Zip Codes in Morgantown, WV

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.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$254,0000.0%
Listing Count
970.0%
Listings as % of Homes0.3%0.0%
Days on Market
65-19.0%
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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.

MetricLatest CensusYoY % 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%
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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

MetricLatest Census5-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%
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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

MetricZip 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

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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 SizeHUD PremiumMarket RentMax 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

MetricZip Code Average
Home Price to Income Ratio5.5
Median Home Price$246,000
Median Household Income$42,300

Morgantown, WV — ZIP Code Boundary Map

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Frequently Asked Questions