Morgan County, West Virginia Housing Market
In Morgan County, West Virginia, the median home value is $240,600, with a median monthly rent of $794. This places Morgan County at #975 nationally out of 3134 counties by median home value, and #4 within West Virginia.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $918
- Establishments: 376
- BLS QCEW, 2025
Housing Supply
- Single-family: 130
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 7,692 (avg $64,251)
- Outflow: 6,953 (avg $61,329)
- IRS Statistics of Income
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| Metric | Morgan County | West Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $240,600 | $148,003 | $227,706 |
| Median Gross Rent | $794 | $777 | $968 |
| Owner Occupancy Rate | 84.1% | 78.4% | 73.3% |
| Price/Rent Ratio | 25.3 | 15.8 | 18.7 |
Market Analysis
The median home value in Morgan County is 62.6% above the West Virginia state average and 5.7% above the U.S. national average. The median rent of $794/month is 2.2% above the state average.
With a price-to-rent ratio of 25.3, Morgan County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Morgan County has an owner-occupancy rate of 84.1%, compared to 78.4% in West Virginia and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Butts County | Georgia | $240,600 | $941 |
| Tipton County | Tennessee | $240,600 | $1,013 |
| Rogers County | Oklahoma | $240,500 | $1,047 |
| Caldwell County | Texas | $240,500 | $1,173 |
| Smith County | Texas | $240,700 | $1,238 |
Other Counties in West Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Putnam County | $223,300 | $952 | 81.8% |
| Hampshire County | $219,200 | $720 | 82.7% |
| Berkeley County | $266,300 | $1,233 | 76.0% |
| Monongalia County | $267,700 | $987 | 57.9% |
| Pendleton County | $183,800 | $770 | 84.9% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).