Rent to own Homes in Morgantown, WV
Nestled on the banks of Monongahela River, Morgantown is a city with a permanent population of 29,660 according to the 2010 Census. As the setting for West Virginia University (WVU), Morgantown's population expands by about 28,000 people during school terms. The seat of Monongahela County, Morgantown is well positioned with jobs and opportunities. The city has unique public transportation, known as Morgantown Personal Rapid Transit. Mini vehicles on the system carry individuals from the downtown district to the three campuses of WVU.
Morgantown, WV is a great place for affordable rent-to-own homes! With a median household income of over $42,474 and a median rent of $840, the Morgantown, WV rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Morgantown, WV. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Morgantown, WV Property Resources
Rent to own Homes in Cities Near Morgantown, WV
- Adah
- Allenport
- Amity
- Ardara
- Arona
- Boston
- Braddock
- Braddock Hills
- Buena Vista
- Carnegie
- Centerville
- Churchill
- Collinsburg
- Cuddy
- Dawson
- Dilliner
- Donora
- East Millsboro
- Eighty Four
- Fairdale
- Garards Fort
- Grapeville
- Greenock
- Greensboro
- Green Tree
- Harrison City
- Herminie
- Hopwood
- Houston
- Jeannette
- Leith-Hatfield
- Long Branch
- Manor
- Masontown
- Mc Clellandtown
- Mc Donald
- Millsboro
- Monongahela
- Monroeville
- Pitcairn
- Prosperity
- Rillton
- Scenery Hill
- Smithfield
- South Uniontown
- Versailles
- Waltersburg
- Washington
- Webster
- Westmoreland City
Neighborhoods in Morgantown, WV
Sabraton rent to own homes South Park rent to own homes Sunnyside rent to own homes First Ward rent to own homes Downtown rent to own homes Woodburn rent to own homes Mileground rent to own homes Wharf And Warehouse Historic District rent to own homes Chancery Hill Historic District rent to own homesPopular Zip Codes in Morgantown, WV
26506 rent to own homesBuying a Home in Morgantown, WV
Morgantown, WV is seeing rapid growth and Morgantown, WV's' housing market remains optimal with an average home price that is -1% below the 2024 national average. Morgantown, WV is part of Monongalia county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Monongalia is 0.48% which is below the national average, which is 0.99%.
Median Home Price in Morgantown, WV
Median Rent in Morgantown, WV
Top 4 Reasons to Live in Morgantown, WV
Low house prices and low rent! In 2011, the mean prices for all housing units was $194,423; that's less than the national average of $217,000. The median gross rent was $633 in 2012. Main Street is actually called High Street and it is as eclectic as any Main Street, U.S.A. The High Street neighborhood was the first residential district in Morgantown and it's still popular. The South Park Historic District has beautifully maintained historic housing. Morgantown Plaza Shopping Center and Mountaineer Mall Shopping Center mean that nearby residential districts are nearby all amenities.
Great dining and entertainment! The Waterfront Place Hotel, a revered fixture of the revitalized Wharf District, has 205 rooms and a restaurant. The hotel's 40,000-square-foot event center is a popular venue for business and pleasure. The hotel is at the center of the thriving Wharf District that teems with restaurants, such as local favorites Oliverios' on the Wharf and Table 9. The Downtown District offers more than 35 restaurants, taverns, clubs and cafes, as well as 100 businesses and 100 retailers.
Buy a home and work here too! Morgantown is the headquarters for several prestigious major employers like West Virginia University and the National Energy Technology Laboratory. Not surprisingly, local residents are perfectly positioned to scoop up new openings and thousands are employed in these industries. Locate any type of housing in the city, from rent to own cottages and apartments to mansions. Lakeview Golf Resort and Spa, Pikewood National Golf Club as well as Mountaineer Golf Course offer nice residential areas for golf enthusiasts to play a round of golf when they finish work.
Lots of things to do! If you love the outdoors, then you will find plenty to do in Morgantown. The West Virginia Botanic Garden is a great place to spend an afternoon. Open daily from dawn to dusk and free to enter, the Visitor's Center features several gardens. Take a stroll through woodlands gardens, a conservatory and walking trails. Be sure to check out the regularly scheduled events. The Parks Department offers, among other recreation, Milan Puskar Stadium, Marilla Recreation Center and a marina. Stop by Aull Center, Core Arboretum, and Saratoga Hot Spot for even more fun.