Best places to buy rental properties in West Virginia

March 9, 2022
● Written by
Teddy

West Virginia

Investing in West Virginia

The Nophin team crunched the numbers and found the five great places to invest in the Mountain State. One big benefit is that West Virginian real estate has the lowest median home price, according to Zillow. This means it could be a good first state to begin investing in.

Statewide vacancy rates

WV Rental Vacancy Rate via Federal Reserve Bank of St. Louis

Charleston, WV

Charleston is the capital of West Virginia. It's the largest city in the state.

  • Population: 48,864
  • Median household income: $49,769
  • Median 1-bedroom monthly rent: $950
  • Median listing home price: $175,000

Huntington, WV

Huntington is home to numerous parks and rivers and sits in between the intersection of three states -- West Virginia, Ohio, and Kentucky.

  • Population: 46,842
  • Median household income: $33,012
  • Median 1-bedroom monthly rent: $695
  • Median listing home price: $149,900

Morgantown, WV

Morgantown is best known for being the home to West Virginia University.

  • Population: 30,347
  • Median household income: $42,474
  • Median 1-bedroom monthly rent: $700
  • Median listing home price: $289,000

Wheeling, WV

Wheeling is known as the "Nail Capital of the World" given its dominance in manufacturing iron nails.

  • Population: 27,052
  • Median household income: $41,911
  • Median 1-bedroom monthly rent: $650
  • Median listing home price: $154,000

Parkersburg, WV

Parkersburg is an important city for oil and gas and considered one of the best places to retire in West Virginia.

  • Population: 29,738
  • Median household income: $37,933
  • Median 1-bedroom monthly rent: $638
  • Median listing home price: $145,000

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Methodology

To help us determine the five best cities in all states, the Nophin team used data from several sources including the 2020 United States Census, the Department of Housing & Urban Development, Federal Reserve Economic Data (FRED), the National Association of REALTORS®, Zumper, internal data, and other reputable sources.

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Please note: Nothing above should be construed as legal, investment, tax, nor financial advice. This content is for informational purposes only. Consult a lawyer and/or an accountant if the above is right for your personal situation.

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