Department of Numbers

West Virginia Residential Rent and Rental Statistics

The median monthly gross residential rent in West Virginia was $682 in 2016 according to the Census ACS survey.1 Average gross rent was $615 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 West Virginia median and average rent data will be released in September of 2018.

Data is also available below for West Virginia rental vacancy rates, West Virginia rent as a percent of median income and the fraction of renters in West Virginia.

Show dollars as: Nominal Real

Real Gross Rent in West Virginia (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
West Virginia Median Gross Rent $682 -0.29% +9.29%

West Virginia Real Gross Rent Trends

Median gross rent for West Virginia peaked in real terms in 2015 at $684 and is now $2 (0.29%) lower. At $615, real average gross rent in West Virginia was at its highest level in 2016 since the series began in 2005.

Real Gross Rent in West Virginia: Median, Average, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for West Virginia

Date US Median West Virginia Median West Virginia Average
2016 $981 $682 $615
2015 $972 $684 $613
2014 $942 $661 $580
2013 $910 $624 $554
2012 $898 $617 $546
2011 $898 $618 $542
2010 $912 $609 $539
2009 $916 $601 $545
2008 $932 $597 $532
2007 $885 $589 $514
2006 $895 $585 $512
2005 $869 $577 $507

West Virginia Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for West Virginia was 7.92% according to Census ACS data.

Rental Vacancy Rate in West Virginia

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
West Virginia 7.92% +1.10% +0.17%

Trends in West Virginia Rental Vacancy Rate

The rental vacancy rate in West Virginia peaked in 2010 at 8.96%. Since then it has fallen by 1.04% to 7.92%. Data records for this series originated in 2005.

Rental Vacancy Rate: West Virginia, US

Rental vacancy rate in West Virginia

Historical Rental Vacancy Rate data for West Virginia

Date US West Virginia
2016 5.89% 7.92%
2015 5.85% 6.82%
2014 6.32% 8.91%
2013 6.49% 7.75%
2012 6.77% 6.82%
2011 7.40% 8.13%
2010 8.17% 8.96%
2009 8.43% 8.76%
2008 7.86% 7.42%
2007 7.87% 8.79%
2006 7.70% 6.09%
2005 7.74% 7.58%

West Virginia Rent as a Fraction of Income

Using median household income data for West Virginia, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For West Virginia, median monthly gross rent as a fraction of median household income was 18.86% in 2016 according to the ACS.

West Virginia Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
West Virginia 18.86% -0.41% +0.83%

Trends in West Virginia Rent as a Fraction of Income

The fraction of median West Virginia household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 19.28%. Since then it has fallen by 0.41% to 18.86%.

Fraction of Income towards Rent: West Virginia, US

Percent of median household income going towards median monthly gross rent in West Virginia

Historical Data for Annual Rent as a Fraction of Income in West Virginia

Date US West Virginia
2016 20.43% 18.86%
2015 20.63% 19.28%
2014 20.89% 19.17%
2013 20.78% 18.04%
2012 20.65% 18.12%
2011 20.70% 18.68%
2010 20.50% 17.93%
2009 20.12% 17.69%
2008 19.00% 16.68%
2007 18.66% 17.00%
2006 18.90% 17.08%
2005 18.89% 17.33%

Renter Fraction in West Virginia

You can calculate the renter fraction in West Virginia in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in West Virginia as a fraction of total West Virginia households. In 2016 27.56% of households were renters according to Census ACS data.

West Virginia Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
West Virginia 27.56% -0.13% -0.11%

Trends in the West Virginia Renter Fraction

The West Virginia household renter fraction peaked in in 2012 at 28.02% and is now 0.46% below that level. The origin year for the series is 2005.

Fraction of Renting Households: West Virginia, US

Fraction of renters in West Virginia

History of West Virginia Renter Fraction

Date US West Virginia
2016 36.88% 27.56%
2015 36.97% 27.69%
2014 36.90% 27.83%
2013 36.50% 27.67%
2012 36.09% 28.02%
2011 35.42% 27.74%
2010 34.65% 25.41%
2009 34.13% 26.38%
2008 33.36% 26.27%
2007 32.80% 25.13%
2006 32.73% 25.34%
2005 33.10% 24.63%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.