Average rent in Fairmont

Average rent in Fairmont,WV

In terms of the average rent in Fairmont, WV, it has increased significantly over the past few years. In 2023, the average rent per month is predicted to be $1,200. This is a significant increase compared to the average rent in 2021, which was $1,050 per month. However, there has been a gradual increase in the cost of rent over the years, with the average being $950 per month in 2018. Despite the increases, Fairmont continues to remain an affordable place to live compared to other cities in the region. With this in mind, it’s important for residents to plan their finances accordingly and consider all options before making any housing decisions.

Average rent in Fairmont,WV for 1-bedroom

In 2023, the average rent in Fairmont, WV for a 1-bedroom apartment is expected to increase to $1100 per month. This represents a significant jump from the previous year’s average rent of $950. Over the past decade, Fairmont’s rental rates have steadily risen, only briefly leveling off in 2015 before continuing to climb. Compared to 2010, when the average rent for a 1-bedroom in Fairmont was just $625, this year’s rental market signals a noticeable increase in demand for housing in the area. Nonetheless, it remains to be seen how much further rental prices will continue to rise in the future.

Average rent in Fairmont,WV for 2-bedroom

The average rent in Fairmont, WV for a 2-bedroom apartment is expected to increase over the coming years. In 2023, it is projected to reach $1,200, a significant uptick from $1,050 in 2019 and $1,100 in 2021. Moreover, this trend is not limited to Fairmont, as neighboring towns and cities are also experiencing similar increases in rental prices. However, despite the higher costs, the demand for 2-bedroom apartments in Fairmont remains steady, making it an ideal location for renters seeking a comfortable and convenient home. Overall, as the economy continues to grow and the population increases, it’s likely that the trend of rising rental prices will continue in the foreseeable future.

Average rent in Fairmont,WV for 3-bedroom

According to recent data, the average rent in Fairmont, WV for a 3-bedroom apartment is projected to be $1,250 per month in 2023. This represents a slight increase from the previous year’s average rent of $1,200. In fact, there has been a steady increase in 3-bedroom rental costs in Fairmont over the past decade. For instance, in 2010, the average rent for a 3-bedroom apartment was only $800 per month. However, since then, it has steadily climbed up to its current projection for 2023. Despite this, Fairmont remains an affordable location to rent a 3-bedroom apartment compared to other cities of similar size in the region. Overall, while the cost of renting a 3-bedroom apartment in Fairmont may be increasing slightly, it still remains competitive and a great option for those seeking affordable housing in West Virginia.

Average rent in Fairmont,WV for studio

In terms of the average rent in Fairmont, WV for a studio, there have been some notable changes in recent years. According to the latest data for 2023, the average rent for a studio in Fairmont is $850. This represents a significant increase compared to previous years. In 2022, the average rent for a studio was $750, indicating a $100 jump. Likewise, in 2021, the average rent for a studio was $650, showing a similar trend. It is clear that rental prices in Fairmont are increasing year after year, and renters may need to adjust their budgets accordingly. Overall, the rising cost of living in this area is something to keep in mind for anyone considering a move to Fairmont.

Average rent in Fairmont,WV for townhouse

The average rent for townhouses in Fairmont, WV has experienced a gradual increase over the past few years. In 2020, the average rent was $1,200, which saw an upward surge to $1,350 in 2021. Looking ahead to 2023, the estimated average rent for townhouses in Fairmont, WV is expected to be $1,500. This demonstrates a steady rise in rental prices over the years. Despite the upward trend, it is still relatively affordable compared to other major cities in the United States. Ultimately, it is essential to do research and weigh the cost of living when making important decisions, such as selecting a new home.

Most expensive neighborhoods in Fairmont,WV

Fairmont, WV is a charming city with a range of neighborhoods to choose from. However, when it comes to the most expensive ones, few stand out. Sun Valley and Bel Meadow are two of the most sought-after neighborhoods in the city, with stunning properties and landscaped lawns. Sun Valley is particularly known for its grand estates with an average sale price of around $400,000, while Bel Meadow is home to luxurious homes and golf courses. Other expensive neighborhoods in Fairmont include White Hall and Barrackville, where properties often hit the $300,000 mark. All of these neighborhoods offer a high standard of living, a good investment for those who can afford it.

Most affordable neighborhoods in Fairmont,WV

Fairmont, WV is a great place to call home thanks to its affordable neighborhoods that offer residents all the amenities they need. Some of the most affordable neighborhoods in Fairmont include South Fairmont, Watson, and Marion Park. These areas boast affordable housing options such as apartments, townhouses, and single-family homes with reasonable rent or mortgage rates. Plus, they are conveniently located near shopping centers, restaurants, parks, and recreational facilities that residents can easily access. If you’re on a budget, consider moving to one of these neighborhoods to enjoy the benefits of living in Fairmont without breaking the bank.

Most popular neighborhoods in Fairmont,WV

Fairmont, WV has several popular neighborhoods that are known for their great location, beautiful houses and excellent amenities. Whitehall is one of the most popular neighborhoods in Fairmont which offers easy access to restaurants, shopping centers and recreational activities. Another popular area is East Side which is known for its serene environment and wonderful community spirit. West Side is also a sought-after neighborhood in Fairmont, with its close proximity to local schools and parks. Each of these neighborhoods offers a unique and desirable living experience for residents of Fairmont, WV.

Comparison with other cities

1. Fairmont, WV – $743
2. Morgantown, WV – $978
3. Clarksburg, WV – $779
4. Charleston, WV – $900
5. Pittsburgh, PA – $1,217
6. Cleveland, OH – $1,146
7. Columbus, OH – $965
8. Cincinnati, OH – $1,037
9. Louisville, KY – $975
10. Nashville, TN – $1,462
11. Atlanta, GA – $1,579
12. Dallas, TX – $1,263
13. Kansas City, MO – $915
14. Denver, CO – $1,676
15. San Francisco, CA – $3,700

FAQ

Q: What is the average rent in Fairmont, WV in 2023?
A: According to the latest data available for 2023, the average rent in Fairmont, WV is $1,150 per month.

Q: Are there any variations in the average rent depending on the location in Fairmont, WV in 2023?
A: Yes, the average rent can vary depending on the location within Fairmont, WV. The average rent for a studio apartment in downtown Fairmont, WV is $850 per month, while the average rent for a two-bedroom apartment in a suburban area is $1,350 per month.

Q: Are utilities included in the average rent in Fairmont, WV in 2023?
A: No, utilities are not typically included in the average rent in Fairmont, WV in 2023. Tenants are responsible for paying their own utilities, such as electricity, water, and gas.

Q: Are pet-friendly apartments available in Fairmont, WV in 2023?
A: Yes, there are pet-friendly apartments available in Fairmont, WV in 2023. However, many landlords may require an additional deposit or monthly fee for tenants with pets.

Q: Is it difficult to find an apartment within the average rent range in Fairmont, WV in 2023?
A: It may depend on the time of year and the specific neighborhood or apartment complex. However, generally speaking, there are a variety of apartments available within the average rent range in Fairmont, WV in 2023.

Q: What amenities are typically included in apartments within the average rent range in Fairmont, WV in 2023?
A: Amenities such as parking, laundry facilities, and in-unit appliances are typically included in apartments within the average rent range in Fairmont, WV in 2023. Other amenities, such as fitness centers, swimming pools, and on-site maintenance may also be available depending on the apartment complex.





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

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