Morgantown Fair Market Rent FY 2016 Morgantown, WV MSA Rental Data

Fair Market Rent prices in Morgantown are average compared to the national average. This FMR area is more expensive than 68% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Morgantown is $725 per month.

The previous year, rent for a two-bedroom home was $752 per month. This is a 3.59% decrease year-over-year.

This FMR rate applies to Cassville, WV, Osage, WV, Pentress, WV, Pursglove, WV, Blacksville, WV, Wana, WV, Granville, WV, Dellslow, WV, Independence, WV, Masontown, WV and other cities within the region. The Metro Code or CBSA code for this region is METRO34060M34060.

Additionally, This Fair Market Rent (FMR) area Morgantown, WV MSA spans one county or city in West Virginia which is listed in the table below. Estimated population of Morgantown, WV MSA FMR area is 96,189 people based on latest Census data.

Compared to the rest of West Virginia, the Morgantown FMR area is more expensive than 87% of the state.

Median Rent Prices in Morgantown

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.

50^th Percentile Rental Prices: