Mortgage payment estimates, closing cost breakdowns, and homebuying data for Morgantown, West Virginia.
Pre-filled with Morgantown median home price and West Virginia tax/insurance rates. Adjust for your property.
Estimated closing costs based on West Virginia rates and fees applied to Morgantown prices.
The median home price in Morgantown is $265,000, 71% above the West Virginia state median of $155,000. With a population of 30,855, Morgantown is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in West Virginia average 0.58% annually. This low property tax rate is a significant advantage for Morgantown buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in West Virginia runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Morgantown is $1,120/month. The price-to-rent ratio in Morgantown is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Morgantown presents moderate affordability. The $265K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.