Morgantown, WV home prices
Typical home $224,690 · +3.4% in a year · income needed $60,400
The Morgantown, WV metro area ranks 549 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.4% in a year and +18.1% over five years. With 20% down at 7.11%, the typical home costs about $1,409 a month including 0.47% property tax (Monongalia County rate).
Mortgage on the typical Morgantown home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $44,938 | $179,752 | $1,209 | $0 | $200 | $1,409 | $60,400 |
| 10% down | $22,469 | $202,221 | $1,360 | $84 | $200 | $1,644 | $70,500 |
| 5% down | $11,234 | $213,455 | $1,436 | $89 | $200 | $1,725 | $73,900 |
| 3.5% down (FHA) | $7,864 | $220,620 | $1,484 | $99 | $200 | $1,783 | $76,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.47% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Morgantown area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Monongalia County, WV | $263,546 | +3.1% | 0.47% |
| Preston County, WV | $145,690 | +5.9% | 0.49% |
What can you afford in West Virginia on your salary? · West Virginia home prices · Salaries in West Virginia
Frequently asked questions
How much is a house in Morgantown?
The typical home in the Morgantown, WV metro area is worth $224,690 (Zillow, September 2026).
What salary do you need to buy a house in Morgantown?
About $60,400 a year for the typical home with 20% down at 7.11%.