RentData

Average Rent in Morgan County, WV↑ Rents rising 1.9% YoY

HUD FY2027 · Official government data · Updated annually · Metro pop. 298,525

Data review: HUD FY2027Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Morgan County, WV has rental prices ranging from $682/month to $1,636/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $866/month — 38% below the national average of $1,400/month. With a median household income of $75,473/year, spending $866/month on a 1-bedroom represents 14% of gross income — within the recommended 30% threshold.

How Morgan County Compares

With an average 2-bedroom rent of $979/month, Morgan County ranks #11 most expensive of the 49 cities tracked in West Virginia — more affordable than 73% of all US cities in our data.

The Morgan County Rental Market

The Morgan County, WV area has a population of about 298,525 and 29% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Morgan County, WV have risen by $18/month (1.9%) over the past year, from $961 to $979. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Morgan County, WV without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $34,640. The local median household income of $75,473 exceeds that threshold by $40,833, making Morgan County relatively accessible compared to local wages.

Economy & Jobs

Morgan County, WV has an unemployment rate of 2.8%, 1.1 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.

Fair Market Rents

HUD FY2027
Studio
$682
Affordable
1 Bedroom
$866
Affordable
2 Bedrooms
$979
↑1.9% YoY
Affordable
3 Bedrooms
$1,243
Affordable
4 Bedrooms
$1,636
Affordable
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Is Morgan County, WV Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$39,160/year
Local median income: $75,473
To buy a median home
—/year
US national median: $75,000
💡 Based on a 2BR rent of $979/month and 20% down on a — home at 7% rate.

Nearby Cities in WVlargest metros in the state

CityStudio1BR2BR3BRHome Value
Jefferson County$1,045$1,052$1,376$1,879—
Lincoln County$495$571$686$865—
Putnam County$829$834$1,091$1,500—
Martinsburg$884$949$1,215$1,682—
Jackson County$597$704$862$1,140—
Lincoln County$612$729$883$1,064—

Rent or Buy in Morgan County?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Morgan County data

$
Home Value
$350,000
2BR Rent
$979/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 5 years — worth it if you stay 5+ years.

Total monthly buy cost: $2,577/movs rent: $979/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Morgan County

Cost of living, job market, crime rates, and moving cost estimates.

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Frequently Asked Questions

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🏘️Neighborhoods in Morgan County

Compare rent & home prices by neighborhood

💵Rent Affordability in Morgan County

Salary needed to afford rent here

🗺️All Cities in WV

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⚖️Compare Morgan County

Side-by-side rent & cost of living with any city

📋WV Tenant Rights

Deposit limits, eviction laws & renters protections