How much does it cost to rent in Falling Waters, WV?

As of July 2026, the median monthly rent in Falling Waters, WV is $1,892. This figure is based on aggregated data from public sources and community-submitted rents.

Is Falling Waters cheaper than other West Virginia cities?

Falling Waters is one of the pricier cities in West Virginia, ranking #2 out of 14 cities tracked at $1,892/mo.

When was Falling Waters rent data last updated?

Falling Waters rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · WV

Falling Waters

Name: Average Rent Prices in Falling Waters, WV
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 2,183·2nd most expensive in West Virginia·Rental market data updated monthly for Falling Waters, WV

Median rent (all units)

$1,892/mo

Year-over-Year

Stable

Month-over-Month

-1.1%

vs US Median

-$73

Falling (Monthly)

Be the first to discuss Falling Waters rents ↓

Most AffordableMost Expensive

Falling Waters · $1,892

More expensive than 52% of US cities · National median $1,965/mo

Affordability

26% of income

AFFORDABLE

0%30% benchmark60%+

At $1,892/mo, rent takes about 26% of the local median household income, comfortably within the 30% benchmark.

Income to afford

$76,000/yr

Local median income

$88,466/yr

Based on the 30%-of-income rule using Falling Waters's median rent and household income. See the full affordability breakdown →

Medians by bedroom

Rent by unit size

Studio

$820

1 BR

$920

2 BR

$1,160

3 BR

$1,610

4 BR+

$1,950

Research median

$1,160/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost

$22,704/yr

At $1,892/mo median

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 0.0% YoY), so renters have negotiating leverage.

Based on rent-price momentum (+0.0% YoY, -1.1% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Falling Waters, WV is majority owner-occupied, skews toward younger working-age adults, 20.1% of residents hold a bachelor's degree or higher.

Population

2,183

Median income

$88,466

Median age

32.6

Renters

42.9%

Age distribution

29%

30.1%

13.7%

15.4%

Under 1829%

18–3430.1%

35–5413.7%

55–6415.4%

65+11.9%

Gender

64.2%

35.8%

Male64.2%

Female35.8%

Race & ethnicity

88.9%

White88.9%

Black3.2%

Other7.9%

Education (25+)

41.8%

34.2%

20.1%

No HS diploma3.9%

HS diploma41.8%

Some college34.2%

Bachelor's+20.1%

Housing tenure

57.1%

42.9%

Owner57.1%

Renter42.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Falling Waters, WV has changed in 5 years

Income

$78,646 → $88,466

up 12.5%

Population

2,626 → 2,183

down 16.9%

Renter share

37.3% → 42.9%

+5.6 pts

Bachelor's+

14% → 20.1%

+6.1 pts

Median age

28.1 → 32.6

+4.5 yrs

Household income in the area moved from $78,646 to $88,466 across the same window, up 12.5% versus 2021. Census counts show Falling Waters, WV losing about 443 residents over the five-year window, down 16.9% on net. The renter share has risen from 37.3% to 42.9%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 14% to 20.1% across the same window.

Community

Discussions about Falling Waters

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View Falling Waters rent history (2015–2026) →

Salary vs rent

Can you afford rent in Falling Waters on your salary?

At $1,892/mo, how Falling Waters rent compares to typical pay (30% rule).

Registered Nurse

Avg $80,308/yr · Rent = 28.3% income

affordable

Elementary School Teacher

Avg $57,018/yr · Rent = 39.8% income

stretched

Police Officer

Avg $65,680/yr · Rent = 34.6% income

stretched

Software Developer

Avg $117,394/yr · Rent = 19.3% income

very comfortable

Lawyer

Avg $150,000/yr · Rent = 15.1% income

very comfortable

Firefighter

Avg $53,389/yr · Rent = 42.5% income

rent-burdened

Truck Driver

Avg $48,204/yr · Rent = 47.1% income

rent-burdened

Electrician

Avg $59,415/yr · Rent = 38.2% income

stretched

By apartment size

Falling Waters rent by bedroom count

Median rent for each apartment size in Falling Waters. Click any size for full breakdown.

Local insights

Tips for renters in Falling Waters

About renting in Falling Waters, WV

Last updated: July 20, 2026

The median rent in Falling Waters is $1,892/mo as of July 2026. A studio apartment averages $820/mo while a 2-bedroom runs $1,160/mo. One-bedroom apartments average $920/mo and 3-bedroom units go for $1,610/mo.

At 26% of local median household income ($88,466/yr), Falling Waters ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Falling Waters an affordable city for renters?

Falling Waters is considered affordable for renters. At $1,892/mo, rent takes approximately 26% of the local median household income ($88,466/yr). The standard benchmark is 30%. Falling Waters falls comfortably within that range.

How much income do you need to rent in Falling Waters?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (~$37/hour full-time) to afford the median rent of $1,892/mo in Falling Waters. The local median household income is $88,466/yr, meaning the typical Falling Waters household meets that threshold.

Is rent going up or down in Falling Waters?

Rent in Falling Waters has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Falling Waters rent compare to other cities in West Virginia?

Falling Waters is one of the pricier cities in West Virginia for rent, ranking #2 out of 14 tracked cities at $1,892/mo.

Which nearby cities are cheaper to rent in than Falling Waters?

Several nearby cities have lower median rents than Falling Waters ($1,892/mo): Hagerstown ($1,442/mo), Robinwood ($1,517/mo), Martinsburg ($1,651/mo).

What percentage of Falling Waters residents rent vs. own?

According to Census data, approximately 42.9% of Falling Waters households are renters, while 57.1% are owner-occupied. Falling Waters leans toward homeownership, which can mean a smaller rental inventory.

How does Falling Waters rent compare to the national average?

Falling Waters's median rent of $1,892/mo is $73 (4%) below the US national median of $1,965/mo. Within West Virginia, it ranks #2 out of 14 tracked cities.

Income Affordability

26%

AFFORDABLE

At $1,892/mo, rent takes ~26% of Falling Waters's median household income ($88,466/yr). The standard benchmark is 30%.

Falling Waters 26%Benchmark 30%

State income tax2.36–5.12%

Run the Falling Waters affordability calculator →

Nearby cities