Charleston vs Morgantown
Side-by-side rent vs buy analysis comparing these two markets
Overall Comparison
Charleston has an edge
Charleston edges ahead based on overall market conditions.
Median Home PriceBETTER
$149,776.09
Median RentBETTER
$1,080.9/mo
Price-to-Rent RatioBETTER
11.5
Property Tax RateTIE
0.59%
Price Change (1Y)BETTER
+1.7%
Price Change (5Y)BETTER
+8.6%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$19,753
Median Home Price
$252,570.28
Median Rent
$1,415.73/mo
Price-to-Rent Ratio
14.9
Property Tax RateTIE
0.59%
Price Change (1Y)
+1.1%
Price Change (5Y)
+5.6%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$99,688
Key Differences
Home Prices
Charleston's median home price of $149,776.09 is lower than Morgantown's $252,570.28 by 41%.
Monthly Rent
Renting in Charleston costs $1,080.9/mo compared to $1,415.73/mo in Morgantown—a difference of $334.83/mo.
Buy vs Rent Verdict
Charleston favors either option, while Morgantown favors renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.
Run Your Own Numbers
This comparison uses median values. Your income, savings, and goals matter. Use our Buy vs Rent calculator to get a personalized analysis.