Cost of Living in Morgan County, West Virginia

$832/mo
Median Monthly Rent
$223,100
Median Home Value
9% above state averageUnaffordable

At a Glance

Median Monthly Rent
$832/mo
9% above state average
Median Home Value
$223,100
21% below national
Rent-to-Income Ratio
27.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Morgan County Compares

Median monthly rent comparison

Morgan County$832/mo
West Virginia Average$760/mo
National Median$1,163/mo

Detailed Housing Stats

$832/mo
Median Gross Rent
$223,100
Median Home Value
$863/mo
Monthly Owner Cost
27.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Morgan County, West Virginia

Morgan County rents beat national norms

At 15.7%, Morgan County's rent-to-income ratio sits well below the national threshold of affordability, meaning renters here spend a smaller share of their paychecks on housing than Americans overall. The median rent of $832 per month is reasonable for a county where median household income reaches $63,805—closer to the national median of $74,755 than many West Virginia peers.

Better positioned than most WV counties

Morgan County's 15.7% rent-to-income ratio beats the West Virginia state average of 16.9%, placing it in the more affordable tier statewide. With rents at $832 versus the state median of $760, Morgan County costs a bit more but incomes are stronger enough to make the math work.

Competitive with Eastern Panhandle peers

Morgan County's $832 rent and 15.7% affordability ratio compare favorably to nearby Ohio County ($823 rent, 17.1% ratio) and Preston County ($753 rent, 14.7% ratio). Pendleton County edges ahead with a 14.7% ratio, but Morgan County offers similar economic stability with stronger household incomes.

Rents and mortgages divide the burden

Renters in Morgan County spend $832 monthly while homeowners carry a $863 monthly mortgage cost—nearly identical burdens for two populations with very different asset positions. With median household income at $63,805, renters dedicate 15.7% of earnings to rent and homeowners roughly 16.3% to mortgage, leaving room for other expenses.

Consider Morgan County for stability

If you're relocating from a high-cost metro area, Morgan County offers a balanced market: rents comparable to the state average but with higher household incomes to support them. The 15.7% rent-to-income ratio signals genuine affordability, and median home values near $223,100 make homeownership achievable for middle-income families.

Affordability Calculator

See how your income compares to housing costs in Morgan County

$

Rent Burden

15.6%

of gross income

Max Housing (28% Rule)

$1,489

per month

Owner Cost Burden

16.2%

of gross income

The median home in Morgan County may be a stretch

Median home value is $223,100. Estimated monthly cost: $1,781 vs. your max of $1,489.

Rent Affordability Guide

Your rent-to-income ratio15.6%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Morgan County, West Virginia?
Morgan County, West Virginia has a median monthly rent of $832/mo and a median home value of $223,100. The affordability rating is Unaffordable, with rent making up approximately 27.0% of median household income.
What is the median rent in Morgan County?
The median gross rent in Morgan County is $832/mo. This is 9% above state average for West Virginia.
Is Morgan County affordable?
Morgan County is rated Unaffordable based on rent-to-income ratio of 27.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Morgan County's rent compare to the state average?
Morgan County's median rent of $832/mo is 9% above state average of $760/mo for West Virginia.
What is the median home value in Morgan County?
The median home value in Morgan County, West Virginia is $223,100. This is 21% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.