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RentData.org Logo Morgan County Fair Market Rent FY 2017 Morgan County, WV Rental Data

Fair Market Rent Prices in Morgan County, WV :
$513 $700 $808 $1,092 $1,114
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Non-Metro

Fair Market Rent prices in Morgan County are high compared to the national average. This FMR area is more expensive than 76% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Morgan County is $808 per month.

The previous year, rent for a two-bedroom home was $665 per month. This is a 21.5% increase year-over-year.

This FMR rate applies to Great Cacapon, WV and other cities within the region. The Metro Code or CBSA code for this region is NCNTY54065N54065.

Additionally, This Fair Market Rent (FMR) area Morgan County, WV spans one county or city in West Virginia which is listed in the table below. Estimated population of Morgan County, WV FMR area is 17,541 people based on latest Census data.

Compared to the rest of West Virginia, the Morgan County FMR area is more expensive than 86% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Morgan County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Morgan County

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 532
1-BR 1-Bedroom $ 727
2-BR 2-Bedroom $ 839
3-BR 3-Bedroom $ 1134
4-BR 4-Bedroom $ 1156
Change Year:

There is just one county (listed below) within the Morgan County, WV FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Washington, Dc (Hagrstwn).

County / Region Est. Population
Morgan County, WV 17,541
Zip Codes in Morgan County, WV

There is 1 unique zip code in this Fair Market Rent (FMR) area:

25422

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