The typical owner-occupied home in Morgan County is worth about $240,600, 48% above the West Virginia median of $162,600 and 28% below the national median of $332,700. Owners pay a median $1,125 a year in property taxes, about 0.47% of their home's value, lower than the West Virginia rate of 0.53%. The median household earns $72,179 a year, so the median home costs 3.3 times the median income (2.7 times for West Virginia). 84% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Morgan County at a glance
| Morgan County | West Virginia | U.S. | |
|---|---|---|---|
| Median home value | $240,600 | $162,600 | $332,700 |
| Median property tax paid per year | $1,125 | $865 | $3,119 |
| Property tax as a share of value | 0.47% | 0.53% | 0.94% |
| Median household income | $72,179 | $59,608 | $80,734 |
| Homes lived in by their owners | 84% | 75% | 65% |
| Owner homes with a mortgage | 58% | 46% | 61% |
| Median monthly costs, owners with a mortgage | $1,324 | $1,255 | $1,963 |
| Those costs as a share of the owners' income | 16.9% | 17.3% | 21.0% |
| Median rent | $794 | $872 | $1,413 |
| Rent as a share of renters' income | 27.5% | 29.4% | 30.6% |
| Median year homes were built | 1987 | 1976 | 1980 |
| Vacant homes | 20.6% | 15.4% | 10.1% |
| Population | 17,426 | 1,778,373 | 334,922,499 |
What a typical home costs per month in Morgan County
At this week's average 30-year rate of 7.11%, buying the median Morgan County home of $240,600 with 20% down costs about $1,489 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,890, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $63,828 for the 20%-down payment. That payment is 25% of the median Morgan County household income of $72,179; at that income and 20% down, the 28% guideline points to a home of about $272,000.
The median rent here is $794 a month, so owning the median home costs about $695 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $48,120 |
|---|---|
| Loan amount | $192,480 |
| Principal and interest | $1,295 |
| Property taxes (0.47% a year) | $94 |
| Homeowners insurance (our estimate, 0.5% a year) | $100 |
| PMI | $0 |
| Total per month | $1,489 |
Change the numbers in the calculator
| Down payment | $8,421 |
|---|---|
| Loan amount | $236,242 |
| Principal and interest | $1,589 |
| Property taxes (0.47% a year) | $94 |
| Homeowners insurance (our estimate, 0.5% a year) | $100 |
| FHA mortgage insurance | $106 |
| Total per month | $1,890 |
Change the numbers in the calculator
Questions about home buying in Morgan County
What is the median home value in Morgan County?
About $240,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Morgan County?
Homeowners pay a median $1,125 a year, which is about 0.47% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Morgan County?
For the median home with 20% down at 7.11%, the payment is about $1,489 a month. Keeping that under 28% of gross income takes about $63,828 a year.
More about Morgan County
- Mortgage Refinance in Morgan County
- Debt Relief in Morgan County
- Home Equity Loans in Morgan County
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data