According to statistics, the population in Morgantown, WV amounts to 30,099, which shows decline -1% compared to the previous year. The median age of the city’s residents is 24. The average household income is $37,900, shifting growth 7% from the past year, and the average property value in Morgantown, WV growth 2% to $182,500 throughout the year.
|Number Of Employees||13,738|
|Median Property Value||$182,500|
The average household income in Morgantown, WV grew from $35,502 to $37,900 in the past year. This data is an estimate based upon 10,086 households in Morgantown, WV . The chart below presents how household income is distributed in Morgantown, WV in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Morgantown, WV shifted from $178,500 to $182,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Morgantown, WV in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Morgantown, WV properties falls in the '$150,000 to $174,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Morgantown, WV compared to median property taxes around the country. The prevalent amount of property taxes in Morgantown, WV equals $1150, which is less than the national average.
During Dec 2022, the average price for an apartment in/near Morgantown, WV increased by 11.3% to $292,653.
Knowing the current property prices is key if you plan to buy a studio in Morgantown, WV. The average price for a studio has increased since the last month, currently being $556,052. After collecting all data points, we now see that the average price for 1-bed apartment stands at $129,950 with no changes this month. Asking price for 2-bed apartment also decreased by 1.9% and a place of this size will now cost you $153,648. A 3-bed apartment goes for $238,143, it increased by 0.5% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 10.4% and made it down to $352,976.
Price reports demonstrate that house price decreased by 3.3% this month making it up to $265,724. Condos faced an upward trend these days. The median price for a condo decreased by 21.7%, it’s now available for $195,820. An average value of duplex is $220,000, thus a median price for a duplex remains the same this month. Value of the townhouses didn’t change, the price still starts at $196,499. The average price of the land for sale in Morgantown, WV has increased by 185.7%, and now equals $749,347. Other types of properties for sale would cost $227,450 on average. Our data shows that this amount has stayed roughly the same compared to Nov.