At $1,887/mo, rent takes about 26% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,887 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
30% of the median household income ($88,466) is $2,212 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,950).
Martinsburg, 8 miles away, rents for 13% less ($1,648/mo), about $2,900 a year in savings.
From Zillow's monthly rent index (ZORI) for Falling Waters. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Falling Waters, WV has changed in 5 years
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.
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Can you afford rent in Falling Waters on your salary?
At $1,887/mo, how Falling Waters rent compares to typical pay (30% rule).
Falling Waters rent by bedroom count
Median rent for each apartment size in Falling Waters. Click any size for full breakdown.
Tips for renters in Falling Waters
Last updated: October 17, 2026
The median rent in Falling Waters is $1,887/mo as of October 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.
Frequently asked questions
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Is rent going up or down in Falling Waters?
How does Falling Waters rent compare to other cities in West Virginia?
Which nearby cities are cheaper to rent in than Falling Waters?
At $1,887/mo, rent takes ~26% of Falling Waters's median household income ($88,466/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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