Morgantown, WV Real Estate
According to census data in the year 2000 there were 11,808 housing units in Morgantown.
This represents a 13.3% growth from 10,422 in 1990.
Of those housing units, 11,800 were located in either urbanized areas or urban clusters, and 8 were located in what is classified as a rural area.
Homeownership rate in Morgantown is about 40.8%.
Morgantown's vacancy rate, including seasonal lodging, is about 7.9%.
Average household size is 2.1 people.
The majority of houses, apartments or condos in Morgantown were built after 1955.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4.10% |
| One Bedroom | 17.50% |
| Two Bedrooms | 32.70% |
| Three Bedrooms | 31% |
| Four Bedrooms | 11.20% |
| Five Bedrooms or more | 3.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.3 |
| Median year structure was built | 1953 |
| Median Value of occupied units | $95,000 |
| Median Price asked for vacant units | $63,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.96 |
| Median year structure was built | 1958 |
| Median Monthly Rent asked for vacant units | $442 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.30% |
| Home Equity Loan | 7.20% |
| Simple Mortgage | 46.30% |
| Debt Free | 41.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.9% |
