Morgantown, centered around West Virginia University (WVU), is a city that has dual rental demand from students and healthcare workers. Due to the characteristics of the Appalachian region, overall housing prices are generally lower than the national average, but there are clear variations by neighborhood.

Suncrest is a stable area with consistent demand for residents, as it is close to WVU Ruby Memorial Hospital and has an excellent school district. The median price range is between $300,000 and $350,000, and recent trends show a gradual upward movement.

South Park is known for its walkable lifestyle and historic housing, with prices ranging from $280,000 to $330,000. In the past one to two years, it has shown a trend close to stability, maintaining a steady state.

The area near Cheat Lake features many upscale homes with lake views and large lots, forming a relatively high price range of $400,000 to $500,000. However, there are not many listings available, so transactions tend to vary seasonally.

From an investment perspective, both Suncrest and the campus area near downtown are gaining attention.

• Suncrest: A stable demand base with both hospital and school district proximity
• Near campus: Steady rental demand from students throughout the year
• South Park: Gradual improvement due to historic district renovations

Overall, Morgantown is noted for its low entry price, allowing for investment to start with a small amount.

In terms of rental yield, Morgantown has relatively high rental prices compared to sales prices, with total yields for small units near the campus potentially reaching the high 6 percent to low 7 percent range. However, it is important to consider the significant variation in vacancy rates between the academic year and summer break.

Risk factors include the local economy's heavy reliance on the two institutions of the university and hospital, limiting industrial diversification, and the management burden due to annual tenant turnover in the student rental market.

For Korean households, Morgantown is often considered for children's study abroad or employment in hospitals. While the low entry price reduces initial investment burdens, it is advisable to keep in mind that liquidity upon resale may be lower compared to larger cities.