Median gross rent for Morgantown peaked in real terms in 2015 at $918 and is now $143 (15.58%) lower. 4 Riddle Court, Morgantown, WV 26505. - The Income Tax Rate for Morgantown is 6.5%. The rental vacancy rate in Morgantown peaked in 2016 at 12.78%. Updated 23 hours ago. Morgantown, located on the banks of the Monongalia River, has been named one of the \"Top 20 Best College Towns\" by Business Insider and ranks number one on Movoto Blog's \"Ten Most Exciting Places in West Virginia.\" One quality that truly distinguishes Morgantown is the Personal Rapid System that connects the downtown area with the three campuses of West Virginia University. The average rent for a 1-bedroom apartment increased by 56% to $979, and the average rent for a … $600. For Rent: 925 - Residential, 1 bed, 1 bath, sqft at 749 Richwood Avenue in Morgantown. 1 Average gross rent in Morgantown was $752 in 2019. Check Availability. View more properties. MountainCreek Properties Management. The average price for 3-bed house decreased by 3.2% facing the price of $1,459. The luxurious kitchen features stainless steal appliances, granite counter-tops and abundant cabinets. West Virginia University is located in the city. 115 Forest Dr, Morgantown, WV 26505. Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. Data on deptofnumbers.com is for informational purposes only. You can also find rental houses and condos. 1 day ago. Apartments for rent in Morgantown, West Virginia have a median rental price of $1,400. $775/mo. With 30,549 people, 10,522 houses or apartments, and a median cost of homes of $236,375, Morgantown real estate is some of the most expensive in West Virginia, although Morgantown home values aren't among America's most expensive. A 2-bed house rent price declined by an average 1.6%, it now goes for $1,673. Studio apartments average $1,138 and range from $1,040 to $1,290. Fair Market Rent for a two-bedroom apartment in Morgantown is $861 per month.. Morgantown is the county seat of Monongalia County, West Virginia, United States, situated along the Monongahela River. Downtown Morgantown Rental Pricing. 2,184 sqft. $1,350 USD: Newly remodel townhouse in walking distance of several amenities. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 736 sqft. Morgantown is a terrific choice for your new apartment. 1 Bed • 1 Bath. Westover, located near Morgantown in Monongalia County, has a cost of living index of 94, which is about 10 percent lower than the state’s average. 5 bds. 2020 Morgantown median and average rent data will be released in September of 2021. View Property. Search rentals in Morgantown, WV. This FMR area is more expensive than 72% of other FMR areas. Morgantown, WV Apartments for Rent. Save this home. Privacy policy. The median monthly gross residential rent in Morgantown, WV (the Morgantown metro area) was $775 in 2019 according to the Census ACS survey.1 Average gross rent in Morgantown was $752 in 2019. In Morgantown, WV, 43.3% of people are home owners and an average of 2.4 people occupy each home. 389 Gilmore St. Morgantown, WV 26505. Rent Trends As of January 2021, the average apartment rent in Morgantown, WV is $536 for a studio, $777 for one bedroom, $881 for two bedrooms, and $1,375 for three bedrooms. $851. While there will be some differences in price points depending on if you’re looking for a 5 or a 10 bedroom rental, the average rent for a 5+ bedroom apartment in Morgantown, WV is $515. The previous year, rent for a two-bedroom home was $823 per month. Using median household income data for Morgantown, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. 942 Chestnut Ridge Road, Morgantown, WV 26505 Located next to Ruby, Evansdale Campus, Football Stadium, and Suncrest Town Center Rent - $950 per month, available 11/1/2020 2 bedroom / 2 bathroom - 1100 square feet with two decks small pets ok Included: Central heat and AC, washer/dryer in unit, dishwasher, refrigerator, 2 parking spots The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Morgantown West Virginia was 6.59% according to Census ACS data. ↩, 3. The average cost for a home is $123,000 and the median cost for renting is $645 a month. Sqft Unknown Please Call. Median Rent. Rent Trends As of December 2020, the average apartment rent in Morgantown, WV is $536 for a studio, $771 for one bedroom, $881 for two bedrooms, and $1,375 for three bedrooms. Statistics show that house rent price decreased by 1% this month making it up to 1.444 $. One bedroom apartments in Morgantown rent for $581 a month on average (a 6.71% decrease from last year) and two bedroom apartment rents average $791 (a 0.13% increase from last year). ↩, 2. Contact ben@deptofnumbers.com (or @deptofnumbers on Twitter) if you have any questions, comments or suggestions. There are 171 active apartments for rent in Morgantown, which spend an average of 74 days on the market. For Rent: 1350 - Residential, 2 bed, 1 bath, sqft at 1314 Heritage Place in Morgantown. Data is also available below for Morgantown rental vacancy rates, Morgantown rent as a percent of median income and the fraction of renters in Morgantown. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities No warranty or guarantee of accuracy is offered or implied. This measure looks at the number of renting households in Morgantown as a fraction of total Morgantown households. Verified Source Payment (High to Low) Payment (Low to High) Newest Bedrooms Bathrooms Square Feet Lot Size. 7+ days ago. Contact Property(304) 296-7930. View Property. The average rent for a 1-bedroom apartment apartment in Suncrest, Morgantown, WV is currently $660. How much are 5+ bedroom apartments near West Virginia cost? This is a 9% increase compared to the previous year. The average apartment rent in this residential neighborhood costs $1,036. The previous year, rent for a two-bedroom home was $880 per month. ↩. The US average is 4.6%. The Morgantown household renter fraction peaked in in 2012 at 39.87% and is now 4.88% below that level. Office Space for Rent in Morgantown, WV on Oodle Classifieds. View prices, photos, virtual tours, floor plans, amenities, pet policies, rent specials, property details and availability for apartments at Campus View Apartments on ForRent.com. The average rent for a 4 bedroom apartment in Morgantown, WV is $506. From luxury houses to affordable condos to urban townhomes, there are many different types of real estate in Morgantown, WV. 1 ba. ... Total Crimes. 194 Highland Ave, Morgantown, WV 26505. Median gross rent for Morgantown peaked in nominal terms in 2015 at $865 and is now $90 (10.40%) lower. Join millions of people using Oodle to find unique used cars for sale, apartments for rent, jobs listings, merchandise, and other classifieds in your neighborhood. Morgantown, WV 26501. Fair Market Rent prices in Morgantown are high compared to the national average. 650 - 1,600 Sq.Ft. Click on a listing to view details, or refine your search for Morgantown apartments to search by price, beds and other criteria. This FMR area is more expensive than 82% of other FMR areas. As of December 2020, average rent for an apartment in Morgantown, WV is $875 which is a 0.57% increase from last year when the average rent was $870 , and a 0% increase from last month when the average rent was $875. Greene Glen. $813 - $1,024. Apartment rent in Morgantown has increased by 4.6% in the past year. Prices of restaurants, food, transportation, utilities and housing are included. Let Apartment Finder guide you in the process of finding your new home and getting a great deal! The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Morgantown apartment buildings 50 units or larger. As of June 2020, average rent for an apartment in Morgantown, WV is $875 which is a 5.14% increase from last year when the average rent was $830, and a 0.23% … The US average is $28,555 a year. Upscale Modern design with an open floor plan, soaring ceiling, exposed beams and duct work provide a contemporary living experience. An apartment unit for rent in this submarket costs renters from $495 to $1,595. $925 USD: This is a unique 1 bedroom in Morgantown. Fair Market Rent for a two-bedroom apartment in Morgantown is $787 per month. Compared to the national average (7%), Morgantown has a high number of residents over the age of 25 with advanced degrees, as 10% have earned a Master's degree or a Doctoral degree. Real dollars are calculated using the CPI-U less shelter series. 1. The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters. - Tax Rates can have a big impact when Comparing Cost of Living. See our listings of Morgantown Apartments, The average apartment rent over the prior 6 months in Morgantown has decreased by $0 (0%) One bedroom units have decreased by $0 (0%) and two bedroom apartments have increased by $1 (0.1%), See our listings of Morgantown Apartments. Search Homes For Sale In Morgantown, WV. In 2019 34.99% of households were renters according to Census ACS data. An average room will now go for 597 $, the median rent price for a room decreased by 10.3%. The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Morgantown City apartment buildings 50 units or larger.Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets. 817+ Sqft $705–$750. Average gross rent for Morgantown peaked in nominal terms in 2018 at $895 and is now $143 (15.98%) lower. At RentalGuide.net, we have comprehensive rental listings to help you find Morgantown apartments for rent. 1 Bed • 1 Bath. What are the average rent costs of a one bedroom apartment in Morgantown, WV? Most Affordable. The population was 29,660 at the 2010 Census Bureau, making Morgantown the largest city in North-Central West Virginia. Save this home. 2 bds. I've gone with the housing units measure here. You can calculate the renter fraction in Morgantown in at least two ways: by housing units or by population. Luxury Community. Homeowners tend to be in the minority in Morgantown, and 60% of residents rent their homes despite an average rent of $863/month, considerably higher than the state average of $708. For Morgantown, median monthly gross rent as a fraction of median household income was 16.49% in 2019 according to the ACS. The fraction of median Morgantown household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 22.59%. The average rent for a 1 bedroom apartment in Morgantown, WV is $809. (304) 215-1319. Average gross rent for Morgantown peaked in real terms in 2015 at $938 and is now $186 (19.83%) lower. Campus View Apartments for rent in Morgantown, WV. The median rent price in Morgantown, WV is $742 which is 13% higher than the West Virginia average. - The Median household income of a Morgantown resident is $32,400 a year. 942 Chestnut Ridge Road, Morgantown, WV 26505 Located next to Ruby, Evansdale Campus, Football Stadium, and Suncrest Town Center Rent - $950 per month, available 11/1/2020 2 bedroom / 2 … The origin year for the series is 2005. 1-1.5 Baths. The average rent for a studio apartment in Morgantown, WV is $530. Apartment for rent. Morgantown Housing Market Information. Average prices of more than 40 products and services in Morgantown, WV, United StatesDec 2020. House for rent. Over the Aug 2020, the average rent for a single-family house in/near Morgantown, WV increased by 0.1% to $1,608. Apartment rent in Morgantown has increased by 3.9% in the past year. The median rent for an apartment in Morgantown, WV increased by 7.1% to 1.389 $. Since then it has fallen by 6.19% to 6.59%. This system is the oldest and most extensive in the world. 1 day on Zillow. Morgantown rent as a percent of median income, median household income data for Morgantown, Renter Fraction in Morgantown West Virginia. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2 ba. Data records for this series originated in 2005. The median monthly gross residential rent in Morgantown, WV (the Morgantown metro area) was $775 in 2019 according to the Census ACS survey. (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Average Rent in Morgantown, WV Last updated on October 17, 2020 Over the past month, the average rent for a studio apartment in Morgantown increased by 15% to $575. The average home rent in this residential submarket is $1,018. Condo for rent is now available for the same pricing as previously — 950 $. Updated 23 hours ago. 1-3 Beds. Fair Market Rent prices in Morgantown are average compared to the national average. Since then it has fallen by 6.10% to 16.49%. Income and Salaries for Morgantown - The average income of a Morgantown resident is $21,405 a year. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. 2 Beds1–3 Baths. 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