Home Insurance in Morgantown, West Virginia
The median home value in Morgantown is $259,400, close to the Monongalia County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Morgantown was built around 1966. About 45% of homes were built before 1960, about 23 points above Monongalia County's 22%.
Housing in Morgantown breaks down to 49% single-family homes, 28% apartments in buildings with 5+ units and 2% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
53% of owner-occupied homes in Morgantown carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Morgantown has an owner-occupancy rate of 44% and a vacancy rate of 14%; unoccupied homes typically need a different coverage form.
In Morgantown, 62% of homes are primarily heated with natural gas.
What's the biggest home insurance risk near Morgantown? FEMA's National Risk Index points to inland flooding (Relatively Moderate) in Monongalia County and Monongalia County had 161 active NFIP flood policies as of September 2026. See the full Monongalia County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
The statewide average premium for a standard HO-3 homeowners policy in West Virginia is $1,179 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $259,400 |
|---|---|
| Median year built | 1966 |
| Owner-occupied share | 44% |
| Share of owner-occupied homes with a mortgage | 53% |
| Top county hazard | Inland Flooding (Relatively Moderate) |
| Active NFIP policies in Monongalia County | 161 |
| Home insurance premium | $1,179 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)