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average rent in morgantown, wv

average rent in morgantown, wv

Prices of restaurants, food, transportation, utilities and housing are included. The average rent for a 4 bedroom apartment in Morgantown, WV is $506. 4 Riddle Court, Morgantown, WV 26505. 736 sqft. 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. Luxury Community. This is a 9% increase compared to the previous year. Fair Market Rent for a two-bedroom apartment in Morgantown is $861 per month.. 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 Fair Market Rent prices in Morgantown are high compared to the national average. 1. - Tax Rates can have a big impact when Comparing Cost of Living. 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. 2 bds. Apartment for rent. $600. Search rentals in Morgantown, WV. 5 bds. The average rent for a 1-bedroom apartment increased by 56% to $979, and the average rent for a … 115 Forest Dr, Morgantown, WV 26505. Office Space for Rent in Morgantown, WV on Oodle Classifieds. Privacy policy. From luxury houses to affordable condos to urban townhomes, there are many different types of real estate in Morgantown, WV. Upscale Modern design with an open floor plan, soaring ceiling, exposed beams and duct work provide a contemporary living experience. 1 Average gross rent in Morgantown was $752 in 2019. Since then it has fallen by 6.10% to 16.49%. Over the Aug 2020, the average rent for a single-family house in/near Morgantown, WV increased by 0.1% to $1,608. 1 day on Zillow. Apartment rent in Morgantown has increased by 3.9% in the past year. View Property. 1-3 Beds. 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. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities 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. 2 ba. The median rent price in Morgantown, WV is $742 which is 13% higher than the West Virginia average. $775/mo. This measure looks at the number of renting households in Morgantown as a fraction of total Morgantown households. Median gross rent for Morgantown peaked in nominal terms in 2015 at $865 and is now $90 (10.40%) lower. 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. 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. Statistics show that house rent price decreased by 1% this month making it up to 1.444 $. 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. $851. ↩, 3. The average home rent in this residential submarket is $1,018. ↩, 2. Average gross rent for Morgantown peaked in nominal terms in 2018 at $895 and is now $143 (15.98%) lower. 650 - 1,600 Sq.Ft. MountainCreek Properties Management. In Morgantown, WV, 43.3% of people are home owners and an average of 2.4 people occupy each home. 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. Data on deptofnumbers.com is for informational purposes only. Morgantown Housing Market Information. 194 Highland Ave, Morgantown, WV 26505. 1 day ago. Fair Market Rent prices in Morgantown are average compared to the national average. The origin year for the series is 2005. West Virginia University is located in the city. $925 USD: This is a unique 1 bedroom in Morgantown. For Morgantown, median monthly gross rent as a fraction of median household income was 16.49% in 2019 according to the ACS. How much are 5+ bedroom apartments near West Virginia cost? Average prices of more than 40 products and services in Morgantown, WV, United StatesDec 2020. The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters. Real dollars are calculated using the CPI-U less shelter series. 2,184 sqft. Since then it has fallen by 6.19% to 6.59%. Greene Glen. (304) 215-1319. $1,350 USD: Newly remodel townhouse in walking distance of several amenities. Morgantown rent as a percent of median income, median household income data for Morgantown, Renter Fraction in Morgantown West Virginia. 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 studio apartment in Morgantown, WV is $530. Downtown Morgantown Rental Pricing. Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. An average room will now go for 597 $, the median rent price for a room decreased by 10.3%. What are the average rent costs of a one bedroom apartment in Morgantown, WV? 1 Bed • 1 Bath. Morgantown is the county seat of Monongalia County, West Virginia, United States, situated along the Monongahela River. Morgantown is a terrific choice for your new apartment. Contact Property(304) 296-7930. Updated 23 hours ago. Median Rent. Apartment rent in Morgantown has increased by 4.6% in the past year. Apartments for rent in Morgantown, West Virginia have a median rental price of $1,400. $813 - $1,024. The median monthly gross residential rent in Morgantown, WV (the Morgantown metro area) was $775 in 2019 according to the Census ACS survey. 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. Median gross rent for Morgantown peaked in real terms in 2015 at $918 and is now $143 (15.58%) lower. You can also find rental houses and condos. Save this home. Verified Source Payment (High to Low) Payment (Low to High) Newest Bedrooms Bathrooms Square Feet Lot Size. 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. Search Homes For Sale In Morgantown, WV. View Property. 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. View more properties. 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. I've gone with the housing units measure here. 1 Bed • 1 Bath. 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 Beds1–3 Baths. The average cost for a home is $123,000 and the median cost for renting is $645 a month. Sqft Unknown Please Call. - The Income Tax Rate for Morgantown is 6.5%. The previous year, rent for a two-bedroom home was $880 per month. (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). This system is the oldest and most extensive in the world. In 2019 34.99% of households were renters according to Census ACS data. Data records for this series originated in 2005. 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 rent for a 1 bedroom apartment in Morgantown, WV is $809. - The Median household income of a Morgantown resident is $32,400 a year. Updated 23 hours ago. ↩. 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. The median rent for an apartment in Morgantown, WV increased by 7.1% to 1.389 $. 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. Click on a listing to view details, or refine your search for Morgantown apartments to search by price, beds and other criteria. 2020 Morgantown median and average rent data will be released in September of 2021. At RentalGuide.net, we have comprehensive rental listings to help you find Morgantown apartments for rent. The rental vacancy rate in Morgantown peaked in 2016 at 12.78%. The average rent for a 1-bedroom apartment apartment in Suncrest, Morgantown, WV is currently $660. $2,300/mo. 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. Condo for rent is now available for the same pricing as previously — 950 $. 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. For Rent: 1350 - Residential, 2 bed, 1 bath, sqft at 1314 Heritage Place in Morgantown. Check Availability. 1 ba. Campus View Apartments for rent in Morgantown, WV. ... Total Crimes. 389 Gilmore St. Morgantown, WV 26505. Morgantown, WV 26501. The US average is $28,555 a year. The population was 29,660 at the 2010 Census Bureau, making Morgantown the largest city in North-Central West Virginia. Contact [email protected] (or @deptofnumbers on Twitter) if you have any questions, comments or suggestions. Most Affordable. 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. You can calculate the renter fraction in Morgantown in at least two ways: by housing units or by population. Studio apartments average $1,138 and range from $1,040 to $1,290. There are 171 active apartments for rent in Morgantown, which spend an average of 74 days on the market. Let Apartment Finder guide you in the process of finding your new home and getting a great deal! 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. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. We provide a cost calculator, pricing tools, and more so you’ll know exactly what it will cost to live in the city you love. The average apartment rent in this residential neighborhood costs $1,036. For Rent: 925 - Residential, 1 bed, 1 bath, sqft at 749 Richwood Avenue in Morgantown. House for rent. The luxurious kitchen features stainless steal appliances, granite counter-tops and abundant cabinets. 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% … Average gross rent for Morgantown peaked in real terms in 2015 at $938 and is now $186 (19.83%) lower. The Morgantown household renter fraction peaked in in 2012 at 39.87% and is now 4.88% below that level. The US average is 4.6%. This FMR area is more expensive than 72% of other FMR areas. 7+ days ago. 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. A 2-bed house rent price declined by an average 1.6%, it now goes for $1,673. The average price for 3-bed house decreased by 3.2% facing the price of $1,459. The previous year, rent for a two-bedroom home was $823 per month. Save this home. Income and Salaries for Morgantown - The average income of a Morgantown resident is $21,405 a year. This FMR area is more expensive than 82% of other FMR areas. 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 … 817+ Sqft $705–$750. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. An apartment unit for rent in this submarket costs renters from $495 to $1,595. Fair Market Rent for a two-bedroom apartment in Morgantown is $787 per month. Morgantown, WV Apartments for Rent. 1-1.5 Baths. No warranty or guarantee of accuracy is offered or implied. A month, Morgantown, West Virginia have a big impact when Comparing cost living... $ 1,673 in real terms in 2015 at $ 938 and is now $ 143 ( 15.98 )... Are 171 active apartments for rent: 1350 - Residential, 2 bed, 1 bed, 1 bath sqft... Of people are home owners and an average room will now go for 597,. Rental price of $ 1,400 kitchen features stainless steal appliances, granite counter-tops and cabinets! 938 and is thus preferred in the middle of the distribution of rents and is now $ (. 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