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Apartment Rental in West Virginia

Author.Name IBISWorld United States Last Updated: April 2025 NAICS WV53111

Apartment Rental in West Virginia industry analysis

The Apartment Rental industry in West Virginia is expected to decline an annualized -x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments increased an annualized x.x% to x,xxx locations. Industry employment has increased an annualized x.x% to x,xxx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to x,xxx locations. Industry employment is expected to increase an annualized x.x% to x,xxx workers, while industry wages are forecast to decrease % to $x.x million.

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About the Apartment Rental in West Virginia Market Research Report

What’s Included in the Apartment Rental in West Virginia Market Research Report

Definition of the Apartment Rental in West Virginia?

Operators in this industry act as lessors of buildings used as residences or dwellings. Industry participants are owner-lessors of residential buildings and establishments that rent real estate and then act as lessors by subleasing it to others. In addition to apartments, the industry also rents single-family homes and town houses.

What’s included in the Apartment Rental in West Virginia?

The Apartment Rental in West Virginia includes rental of one-unit structures, rental of two- to four-unit structures, rental of five- to nine-unit structures, rental of 10- to 19-unit structures, rental of 20- to 49-unit structures, rental of 50- or more unit structures and rental of manufactured homes, mobile homes or trailers. Related terms covered in the Apartment Rental in West Virginia industry report includes another name for an apartment or home, the amount of unoccupied real estate space as a percentage of total available space, the amount of occupied real estate space as a percentage of total available space, an agreement with no set period of occupancy in which landlords and tenants are free to make changes to the contract at the end of each 30-day period, a legal entity that uses pooled investor capital to purchase and manage income property or mortgage loans. to qualify as an reit, the entity must distribute at least 90.0% of taxable income, an eco-oriented building certificate program established under the us green building council. leed-certified buildings are energy-efficient and green certified and funds used to define cash flow from operations for reits that are calculated by adding depreciation and amortization expenses to earnings.

Industry Performance of the Apartment Rental industry in West Virginia

Benchmark the Apartment Rental in West Virginia industry performance with all WV county and national performance.

Apartment Rental in West Virginia

#46 in Highest Revenue 0.1% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Apartment Rental in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Apartment Rental industry in West Virginia

See how key industry drivers, such as population, median houshold income, new business formation, rental vacancy rates, national unemployment rate and homeownership rate are impacting Apartment Rental in West Virginia

West Virginia Economic Indicators

Population
Median Houshold Income
New Business Formation

View more economic information in WV State Economic profile

US Key External Drivers

Rental vacancy rates
National unemployment rate
Homeownership rate

For the full list of industry drivers, see report purchase options.

County Data of the Apartment Rental industry in West Virginia

Access proprietary data on county in the Apartment Rental in West Virginia, such as Monongalia County, Cabell County and Kanawha County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Apartment Rental industry in West Virginia

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Apartment Rental industry in West Virginia in 2025?

The market size of the Apartment Rental industry in West Virginia is $397.7m in 2025.

How many businesses are there in the Apartment Rental industry in West Virginia in 2025?

There are 3,681 businesses in the Apartment Rental industry in West Virginia, which has been growing at an average annual rate of 0.1% from 2020 to 2025.

Has the Apartment Rental industry in West Virginia grown or declined over the past 5 years?

The market size of the Apartment Rental industry in West Virginia has been declining at an average annual rate of -1.7% from 2020 to 2025.

How many employees in the Apartment Rental industry in West Virginia in 2025?

There are 3,681 employees in the Apartment Rental industry in West Virginia, which has been growing at an average annual rate of 0.1% from 2020 to 2025.