Location: Morgantown, WV | Metro: Morgantown, WV MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
The Fair Market Rent (FMR) for ZIP 26531 in fiscal year 2024 is set at $1090. Although specific market data such as median home value and market rental rates are not currently available, historical trends and the nature of the area suggest that there is potential for appreciation. Morgantown, being a college town, benefits from a steady demand driven by students and faculty. This demographic typically supports a robust rental market, which can lead to higher property values over time.
Additionally, the presence of a metropolitan statistical area (MSA) indicates a broader economic base that includes various industries and employment opportunities, contributing to the stability and growth of the real estate market. While exact figures for the price-cut share and days on market (DOM) are not provided, the college town dynamic and the inclusion in a larger MSA suggest that properties in ZIP 26531 could appreciate in value as the local economy strengthens and expands.
Investors should monitor local economic indicators and the performance of similar properties in the area to confirm the trend towards appreciation. Given the $1090 FMR, landlords and small-portfolio investors can expect to receive a consistent rental income that aligns with the government's subsidy levels while positioning themselves for potential capital gains as the market evolves.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.