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Morgantown WV real estate has been experiencing an increase in demand since the housing market began recovering. The city is home to several universities including West Virginia University, Marshall University, and West Virginia State University.
With a growing population, Morgantown real estate is becoming increasingly popular among students who want to live close to their schools. In addition, there is also a large number of people moving into the area because of its affordable cost of living. Many people have moved to Morgantown from other areas of the country. This migration has helped to strengthen the local economy by bringing more jobs to the area.
Morgantown West Virginia real estate is healthier than ever before. Home prices are increasing at a steady rate, while interest rates remain low. As a result, buyers are finding it easier to buy homes in Morgantown.
If you’re thinking about buying or selling property in Morgantown or in West Virginia just contact us today for help. We can provide you with all the information you need on Morgantown WV real estate.
Let’s talk about a few things and get to know in general about Morgantown WV before we proceed.
What is Real Estate?
Real Estate is property that has been sold for money. It is owned by someone who has legal rights to use it. The term “real” means actual, genuine, true, or existing and refers to the land itself, while “estate” refers to ownership rights of the building built on top of the land. Real estate includes residential properties such as houses, apartments, condos, townhouses, etc., commercial properties like shopping centers, office buildings, hotels, etc., and industrial properties like warehouses, factories, etc.
In a minute we will explore Morgantown WV Real Estate, but before that let’s get to know a bit about Morgantown, West Virginia first.
Where is Morgantown WV?
Morgantown is the county seat of Monongalia County, West Virginia, United States, situated along the Monongahela River. West Virginia University is in the city. The population was 30,712 at the 2020 Census Bureau, making Morgantown the largest city in North-Central West Virginia. The Morgantown metropolitan area has a population of 138,176.
Morgantown was settled in 1772 by Zackquill Morgan. The Virginia Assembly chartered the territory in 1785 and the first lot sale was held. Morgan received the charter for the establishment of the town to be called Morgan’s Town on October 17, 1785. The direct result of the Virginia Charter is the present city of Morgantown.
Morgantown, West Virginia’s cost of living is 4% lower than the national average. The cost of living in any area can vary based on factors such as your career, its average salary, and the real estate market of that area. PayScale’s Cost of Living Calculator can help you find out more about how your individual needs will factor in when beginning your research to figure out how much it would cost you to relocate.
Money Magazine name Morgantown the #1 place to live in West Virginia out of the Best Place to Live in Every State. It is one of the “South’s Best Small Towns” by Southern Living. It’s also one of the “Best Affordable Places to Live” by Livability.
There are also a lot of things to do in Morgantown West Virginia.
Whether you’re in town for a conference at the Waterfront Place Hotel, attending a WVU Football or Basketball game, or exploring the great outdoors, Morgantown is a city that has something for everyone.