Monroe County, West Virginia Housing Market Prices
Monroe County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 4% above the West Virginia median$98,845
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Median rent 21% below the West Virginia median Cheaper than 72% of counties in West Virginia$689
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Monroe County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $98,845 | $94,699 | $248,835 |
| Price Trend (Annual %) | 48.3% | 1.7% | 7.5% |
| Median Gross Rent | $689 | $871 | $1,407 |
| Rent Trend (Annual %) | 2.2% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Monroe County is about 4% higher than in West Virginia. Rent is about 21% lower than the West Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Monroe County, up about 48.3% and 2.2% a year respectively. Home prices are changing faster.
Median rent in Monroe County rose about 20.0% between 2015 and 2024, from $574 to $689. Over the same span, rent in West Virginia rose about 35.6%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Monroe County.
Buying the median-priced home in Monroe County costs roughly 12.0 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Monroe County. The price-to-rent ratio in West Virginia is about 9.1.
| Metric | Monroe County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $98,845 | $94,699 | $248,835 |
| Median Household Income | $56,106 | $59,640 | $80,455 |
| Price-to-Income Ratio | 1.8 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Monroe County rose about 34.7%, while median household income rose about 34.9% between 2009 and 2025 — keeping pace with each other.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Monroe County | West Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.3% | 63.3% | 58.5% |
| Rental Rate | 9.7% | 21.3% | 31.2% |
| Vacancy Rate | 26.0% | 15.4% | 10.2% |
| Median Tenure (years) | 23.0 | 18.0 | 15.0 |
| Median Year Moved In | 2003 | 2008 | 2011 |
Monroe County has a homeownership rate of 64.3%, higher than the West Virginia average of 63.3%. Its housing vacancy rate is 26.0%, compared with 15.4% in West Virginia.
Housing Stock
| Metric | Monroe County | West Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.67 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1976 | 1975 | 1978 |
| Median Number of Rooms | 5.9 | 5.9 | 5.5 |
The typical housing unit in Monroe County was built around 1976. On average, 2.7 people live in a home with about 5.9 rooms, staying for about 23.0 years on average.
Monroe County, WV Housing Compared With Nearby Counties
Monroe County, WV is the 3rd largest of the 4 counties compared here, 12,386 residents against a local median of 32,386. Where Monroe County, WV breaks from the counties next to it is median home price, sitting 26% below the local median of $133,422 at $98,845.
Median rent tells the same story from another angle: $689 against a local median of $915, 25% below it. The one measure here that carries a verdict is homeownership, and at 19% above the local median it puts Monroe County, WV at the better end of the local range. The counties themselves spread $248,483 on median home price, so Monroe County, WV sits at one end of an already wide local range rather than apart from it. Monroe County, WV has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Monroe County, WV | 12,386 | $98,845 #4/4 | $689 #4/4 | 86.9% #1/4 |
| Summers County, WV | 11,729 | $133,422 | $915 | 81.2% |
| Greenbrier County, WV | 32,386 | $110,000 | $867 | 73.1% |
| Montgomery County, VA | 99,089 | $358,482 | $1,239 | 55.3% |
Frequently Asked Questions
Common questions about the housing market in Monroe County, West Virginia.
What is the median home price in Monroe County, West Virginia?
The median home price in Monroe County, West Virginia is $98,845, higher than the West Virginia average of $94,699.
What is the average home price in Monroe County, West Virginia?
The typical home price in Monroe County, West Virginia, reported as the median sale price, is $98,845. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Monroe County, West Virginia?
The median gross rent in Monroe County, West Virginia is $689 per month, lower than the West Virginia average of $871.
What was the median gross rent in Monroe County in 2020?
In 2020, the median gross rent in Monroe County, West Virginia was $619 per month.
What is the price-to-rent ratio in Monroe County, West Virginia?
The price-to-rent ratio in Monroe County, West Virginia is about 12.0, meaning it would take roughly 12.0 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Monroe County.
Are home prices or rent rising faster in Monroe County, West Virginia?
Both home prices and rent are rising in Monroe County, up about 48.3% and 2.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Monroe County, West Virginia?
64.3% of households in Monroe County, West Virginia own their home, higher than the West Virginia average of 63.3%.
What is the vacancy rate in Monroe County, West Virginia?
The housing vacancy rate in Monroe County, West Virginia is 26.0%, higher than the West Virginia average of 15.4%.
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