Mortgage Rates in Morgantown, West Virginia — March 2026
Updated March 2026 | Based on Morgantown market data and regional lending conditions
Morgantown is a growing city in West Virginia with a population of 30,855. The current 30-year fixed mortgage rate in Morgantown is 6.75%, which is 0.1% above the national average. With a median home price of $245,000 and a 20% down payment of $49,000, homebuyers can expect a monthly principal and interest payment of approximately $1,271.
Current Mortgage Rates in Morgantown, WV
Below are the current average mortgage rates available in the Morgantown area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.75% | 6.65% | +0.1% |
| 15-Year Fixed | 5.99% | 5.89% | +0.1% |
| 5/1 ARM | 6.25% | 6.15% | +0.1% |
| FHA | 6.35% | 6.25% | +0.1% |
| VA | 6.15% | 6.05% | +0.1% |
| Jumbo | 6.95% | 6.85% | +0.1% |
Morgantown Housing Market Overview
The Morgantown housing market offers relatively affordable housing compared to many major cities. The median household income in Morgantown is $42,250, and the cost of living index is 90.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $59,529 to comfortably afford the median-priced home in Morgantown, which exceeds the current median household income.
Monthly Payment Breakdown for Morgantown
Based on the median home price of $245,000 with 20% down ($49,000), here is what you can expect to pay monthly in Morgantown:
15-Year vs. 30-Year Mortgage in Morgantown
Choosing a 15-year mortgage in Morgantown at 5.99% instead of a 30-year at 6.75% would save you $160,020 in total interest over the life of the loan. However, your monthly payment would be $1,653 instead of $1,271 — an increase of $382 per month.
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Open Free CalculatorFrequently Asked Questions About Mortgages in Morgantown
What are the current mortgage rates in Morgantown, WV?
As of March 2026, the average 30-year fixed mortgage rate in Morgantown, West Virginia is 6.75%, while the 15-year fixed rate is 5.99%. FHA loans average 6.35% and VA loans 6.15%. These rates are 0.1% above the national average of 6.65%.
How much is a monthly mortgage payment in Morgantown?
Based on the median home price of $245,000 with 20% down, the estimated monthly mortgage payment in Morgantown is $1,271 for principal and interest. Including property taxes of $118/month, the total monthly housing cost is approximately $1,389.
What income do I need to buy a home in Morgantown?
Using the 28% rule, you would need an annual income of approximately $59,529 to afford the median-priced home in Morgantown at $245,000. The median household income in Morgantown is $42,250. This means most households would need to either earn above the median or consider homes below $245,000.
Is Morgantown a good place to buy a home in 2026?
Morgantown offers a below-average cost of living with a cost of living index of 90.5 (national average = 100). The property tax rate in West Virginia is 0.58%, which is below the national average. Morgantown has a population of 30,855 and offers a very affordable lifestyle.
Mortgage Rates in Other West Virginia Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Morgantown, West Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.