Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$224,690+3.4% YoY · prices are rising fast
Market right nowSeller's marketFewer homes for sale than last year, 16% have cut their price
Income needed to buy, per year$48,708About 0.7× the local median income ($66,328): affordable for a typical household
Days on market67 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.1%Zillow expects prices to rise slightly
The typical home in Morgantown, WV is worth $224,690, up 3.4% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $242,830, so the area is 7.5% undervalued. It is a seller's market: homes take about 67 days to sell, listings are down 10% from a year ago, 16% of listings have had a price cut. Zillow expects prices to rise about 2.1% over the next year. A household needs about $48,708 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,328. Typical rent is $1,354 a month, or $1,772 for a house. In the latest IRS figures, 176 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$224,690
Change in 1 year
+3.4%
Overvalued %
−7.5%
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Fair home value
$242,830
Change in 5 years
+18.1%
Zillow forecast, next 12 months
+2.1%
Home value to income
3.4×
Monthly mortgage payment (20% down)
$1,218
Income needed to afford it
$48,708
Property tax rate
0.47%
Rent and investing
Typical rent
$1,354
Typical rent for houses
$1,772
Price-to-rent ratio
13.8×
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HUD Fair Market Rent, 2 bedrooms
$1,143
Gross rental yield
7.23%
Cap rate (estimate)
4.70%
Market activity
Listings vs a year ago
−9.6%
Days on market
67
Listings with a price cut
16.5%
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Homes for sale
265
Pending sales per 100 listings
66
Asking price per sq ft
$175
People and jobs
Median household income
$66,328
Population change (1 year)
+0.1%
Unemployment rate
4.8%
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Population
141,995
Income adjusted for cost of living
$71,091
Net moves in (IRS)
−176
Cost of living (US = 100)
93.3
Schools, risk and environment
School rating (1 to 10)
7.4
FEMA hazard risk score (0 to 100)
62.5
Unhealthy air days a year
1
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Flood risk score
78.9
Wildfire risk score
30.0
Walkability (1 to 20)
6.8
Road, rail and air noise
54 dB
Questions people ask
Is Morgantown, WV overvalued?
Home prices in Morgantown, WV are slightly below what local incomes have historically supported: fair value is about $242,830, so the area is 7.5% undervalued.
Is Morgantown, WV a buyer's or seller's market?
Morgantown, WV is a seller's market: homes take about 67 days to sell, listings are down 10% from a year ago, 16% of listings have had a price cut.
Are home prices going down in Morgantown, WV?
Home values in Morgantown, WV are up 3.4% over the last year. Zillow's forecast for the next 12 months is +2.1%.
How much do you need to earn to buy a home in Morgantown, WV?
A household needs about $48,708 a year to afford the typical home in Morgantown, WV at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,328.