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Morgantown

Learn about the people, housing, costs and businesses in Morgantown

Median Home$245,547
Median Rent$945/month
Population141,323
Leading IndustriesPublic Administration · Manufacturing · Agriculture & Mining36% public administration
Home Value Growth+10.1% over 2 years
Young Adults40% of residentstop 3% nationally
Homeowners63% of occupied units
Morgantown

Frequently Asked Questions

What are today's mortgage rates in Morgantown?

Mortgage rates for Morgantown are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

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What is the median home price in Morgantown?

The median home value in Morgantown is $246k. The median monthly rent is $945. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Morgantown?

Home values in Morgantown have increased 10.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Morgantown?

Based on a typical all-in ownership cost of $946/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Morgantown is $71k/year.

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What industries drive the economy in Morgantown?

The largest employment sectors in Morgantown are public administration (36%) and healthcare (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.