average rent in west virginia

West Virginia is around 1,852,994 people. As for rent, the median for Elkins, WV runs $578, which is comparatively 12% lower than the average rent for West Virginia. ranges from Average gross rent for West Virginia peaked in real terms in 2018 at $652 and is now $35 (5.37%) lower. Great choice. 1025-1027 10th Street, Huntington, WV 25701 - … The national average rent price on studio apartments is down and up modestly for one-bedroom units. Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. Since then it has fallen by 1.72% to 7.24%. Choose from 28 apartments for rent in Short Gap, West Virginia by comparing verified ratings, reviews, photos, videos, and floor plans. The State of Rent. That being said, rent is considerably cheaper than average in the Mountain State as well, about $600 for the state compared with nearly $900 for the national average. The median monthly gross residential rent in West Virginia was $727 in 2019 according to the Census ACS survey.1 Average gross rent was $617 in 2019. A cost of living index above 100 means West Virginia, West Virginia is more expensive. For West Virginia, median monthly gross rent as a fraction of median household income was 17.86% in 2019 according to the ACS. In 2019 26.59% of households were renters according to Census ACS data. On Point2, the West Virginia homes for rent of your choice are just a few clicks away. A 1 bedroom apartment gives you just enough space to make it your own without being overwhelming. This is a 9% increase compared to the previous year. Average Number of Leads per Property:67. Browse to a specific FMR area to see exact Fair Market Rent rates. How to search for homes to rent in West Virginia? In comparison, both two-bedroom and three-bedroom units are both up by nearly five percent. Apartment rent costs in California are the highest in the U.S. at a median monthly rate of $2,542, according to recent data from Zillow. At the other end of the spectrum, West Virginia had the lowest median rent at $866—nearly one-third the cost of the average rent in California. Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in West Virginia. No warranty or guarantee of accuracy is offered or implied. Prices of restaurants, food, transportation, utilities and housing are included. In fact, the rent in Grafton is nearly half the average rent in West Virginia, a state already known for affordable rent. As of March 2021, the average apartment rent in Martinsburg, WV is $542 for a studio, $838 for one bedroom, $1,117 for two bedrooms, and $1,272 for three bedrooms. West Virginia ($800) is the cheapest state for rent. The Fair Market Rent in West Virginia Mobile Home Lots for Rent in West Virginia (WV) Browse mobile home lots for rent in West Virginia. Average monthly gross rent in West Virginia was $617 in 2019. Barbour County, WV As of January 2021, average rent for an apartment in Beckley, WV is $659 which is a 7.44% decrease from last year when the average rent was $708 , and a 0.76% decrease from last month when the average rent was $664. Click on a region to view more detailed rent data. This helps explain why West Virginia has the highest home ownership rate in the nation at nearly 74 percent. Using median household income data for West Virginia, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. The rental market in Virginia is rather aggressive with many people wanting to rent and not enough houses to go around. Ripley’s cost of living is 21 percent lower than the rest of the state’s average. Check out rental market trends in West Virginia. So, there are around 277,949 people in West Virginia who could be receiving housing benefits from the HUD. Search 26 Rental Properties in Wheeling, West Virginia. 1. The population in West Virginia is around 1,852,994 people. HOME FOR RENT. West Virginia cost of living is 78.1 Use the map to search or find a link to your city below; cities are grouped by county so click on your county to see the cities with listings. All rights reserved. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities The average size for a Denver, CO apartment is 844 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. â©, 2. Zillow has 85 single family rental listings in West Virginia. Data records for this series originated in 2005. 0-BR: $1,602 (-2.7 percent year-over-year) 1-BR: $1,588 (+1.7 percent year-over-year) 2-BR: $1,861 (+4.7 percent year-over-year) 3-BR: $2,051 (+4.5 percent year-over-year) Regional rent highlights You can calculate the renter fraction in West Virginia in at least two ways: by housing units or by population. Our cost of living indices are based on a US average of 100. How much is the average rent for houses in West Virginia? 1 Bedroom Apartments for Rent in West Virginia. The West Virginia household renter fraction peaked in in 2012 at 28.02% and is now 1.43% below that level. The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters. Winchester, VA-WV MSA. An amount below 100 means West Virginia is cheaper than the US average. Rent trend data in Beckley, West Virginia Beckley Average Rent. RENTCafé Sitemap - Browse average rents in West Virginia, by city, ordered alphabetically. This is likely because this is a popular vacation state and due to its proximity to the nation's capital, Washington DC. Data on deptofnumbers.com is for informational purposes only. Click on your region in the list below or on the map to see a more detailed break down of rental prices. 2004 W Cumberland Rd, Bluefield, WV 24701. West Virginia is the sixth most affordable state, with an overall cost of living 9% below the national average, and housing costs--including apartments for rent--at a very affordable 21% below average. So, there are around 277,949 people in West Virginia who could be receiving housing benefits from the HUD. $644 for a 2-bedroom apartment in Find average rent prices for the most popular cities in West Virginia Learn more. Charleston West Virginia Residential Rent and Rental Statistics. $950. Find Wheeling apartments, condos, town homes, single family homes and much more on Trulia. Let’s start on a macro level. to $936 for a 2-bedroom unit in Find Wheeling apartments, condos, town homes, single family homes and much more on Trulia. The population in 2020 West Virginia median and average rent data will be released in September of 2021.eval(ez_write_tag([[580,400],'deptofnumbers_com-medrectangle-3','ezslot_8',117,'0','0'])); Data is also available below for West Virginia rental vacancy rates, West Virginia rent as a percent of median income and the fraction of renters in West Virginia. Median rent: $888; Monthly income needed: $2,960; Annual income needed: $35,520; West Virginia is an affordable place to live — it requires the lowest income for renters of all the states.

. The national average rent price on studio apartments is down and up modestly for one-bedroom units. Most expensive city in West Virginia Affordability breakdown. The origin year for the series is 2005. For Elkins, WV, about 55.5% of the population consist of home owners with about 2.1 people living in each property on average. 1 day on Zillow. West Virginia. Virginia (VA) $740: $811: $975: $1,301: $1,555: 8,001,024: Washington (WA) $684: $783: $994: $1,394: $1,609: 6,724,540: West Virginia (WV) $530: $564: $688: $909: $1,051: 1,852,994: Wisconsin (WI) $533: $601: $774: $1,026: $1,147: 5,686,986: Wyoming (WY) $592: $651: $825: $1,110: $1,375: 563,626 Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage. The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for West Virginia was 7.24% according to Census ACS data. In comparison, both two-bedroom and three-bedroom units are both up by nearly five percent. Median gross rent for West Virginia peaked in nominal terms in 2018 at $735 and is now $8 (1.09%) lower. Use our detailed filters to find the perfect place, then get in touch with the landlord. Three of the top five most affordable cities are in the Midwest. Approximately 15% of Americans qualify for some level of housing assistance. Contact ben@deptofnumbers.com (or @deptofnumbers on Twitter) if you have any questions, comments or suggestions. Homes there have an average value of $107,300 and rent costs an average of $492 a month. Twenty-one states have average rent prices below $1,000 a month. Average Rent: $701. (304) 723-7368. For FY 2018, the Winchester, VA-WV MSA (Hampshire County) rent for a studio or efficiency is $699 per month and $1,649 per month to rent a house or an apartment with 4 bedrooms. The average cost for a home is $123,000 and the median cost for renting is $645 a month. West Virginia general sales tax is 18% higher than the national average; West Virginia state income tax is 22% higher than the national average; ... (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. Check out rental market trends in West Virginia. The average rent for houses in West Virginia is $1,109. Fair Market Rent is the 40th-percentile of typical rentals in a given region. 10/10 close. This measure looks at the number of renting households in West Virginia as a fraction of total West Virginia households. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. Average gross rent for West Virginia peaked in nominal terms in 2018 at $640 and is now $23 (3.59%) lower. Housing units, July 1, 2019, (V2019) 894,956: Owner-occupied housing unit rate, 2015-2019: 73.2%: Median value of owner-occupied housing units, 2015-2019 The table below shows the average Fair Market Rents for each in each state for different size homes and apartments. According to the Census ACS 1-year survey, the median household income for West Virginia was $48,850 in 2019, the latest figures available.Compared to the median US household income, West Virginia median household income is $16,862 lower.2020 Census ACS data (including 2020 West Virginia household income numbers) will be released in September of 2021. I've gone with the housing units measure here. 4 Beds • 1 Bath. 1 / 17. Apartment rent in Martinsburg has decreased by -0.8% in the past year. One-bedroom apartments for rent start at about $350, with two-bedroom apartments starting at about $450. Search Apartments in West Virginia Join over a million renters who found a home on Rent.com -- it's FREE! Median gross rent for West Virginia peaked in real terms in 2018 at $748 and is now $21 (2.81%) lower. Find average rent prices for the most popular cities in West Virginia $750/mo. 5. Contact Property. Morgantown is the 3rd largest city in West Virginia as well as the home to West Virginia University. Rent Trends. Year State County Pastureland Irrigated Cropland Non-irrigated Cropland 2016 ALABAMA AUTAUGA 18 33.5 2016 ALABAMA BULLOCK 19 29 2016 ALABAMA DALLAS 15.5 31 2016 ALABAMA ELMORE 18.5 38.5 Average monthly rent for a single-family residence: $1,080; Find Out: Great Places To Retire Where Rent Is Under $1,000 a Month West Virginia rent as a percent of median income, West Virginia Rent as a Fraction of Income, median household income data for West Virginia. Pasture Rental Rates by County in $/Acre Information provided by USDA National Agricultural Statistics Service based on a survey of farmers in the fall of 2016. It’s your deliciously bite-sized slice of the city. 47th highest rent in the country out of 56 states and territories. Toledo, Ohio is the most affordable city in the U.S. for rent ($550). Approximately 15% of Americans qualify for some level of housing assistance. How do rent prices vary by state and region? In any case, once you get to Tygart Lake State Park and start fishing or kayaking on the 10-mile lake, we're pretty sure that financial worries will be the last thing on your mind. Where to Explore. Here are some additional resources you may also be interested in: RentData.org is an independent organization not affiliated with HUD.GOV or any other government agency. - Condo for rent. Less than West Virginia average 19th. The average rent for a 1-bedroom apartment apartment in West Virginia State University, WV is currently $598. â©, 3. 0-BR: $1,602 (-2.7 percent year-over-year) West Virginia (WV) has the Over the past month, the average rent for a studio apartment in West Virginia Wesleyan College decreased by -2% to $1,145. Westover, located near Morgantown in Monongalia County, has a cost of living index of 94, which is about 10 percent lower than the state’s average. Since then it has fallen by 2.14% to 17.86%. The average rent for a 1-bedroom apartment increased by 2% to $1,079, and the average rent for a 2-bedroom apartment decreased by -3% to $1,165. The average rent for a 1-bedroom apartment apartment in West Virginia University, WV is currently $700. The West Virginia Independence Hall, built in 1860, hosted the Wheeling Convention in 1861 and is a National Historic Landmark. Charleston The capital city of West Virginia is also its … A person making the state’s average annual wage — $41,400 — makes $5,880 more than what’s needed to afford rent. Pasture Rental Rates by County in $/Acre Information provided by USDA National Agricultural Statistics Service based on a survey of farmers in the fall of 2016. The average Fair Market Rent for a 2-bedroom home in West Virginia is $693 per month. Real dollars are calculated using the CPI-U less shelter series. The rental vacancy rate in West Virginia peaked in 2010 at 8.96%. Save this home. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. Let Apartments.com welcome you home to the perfect cozy 1 bedroom apartment.