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Cheat Lake, WV
Full City Profile · West Virginia · Preston County County
4.0
/5.0
A
Great
10,485
Population
731/sq mi density
$111,379
Median Income
$65,868 per capita
$345,500
Home Value
$271,933 Zillow
$1,113
Median Rent
29.3% income on rent
54°F
Avg Temperature
293 sunny days/yr
260
Violent Crime/100K
2,553 property/100K
A
Overall
4.0 / 5.0
Strong
A+
Economy
5.0 / 5.0
$111,379 median income, 1.4% unemployment
A+
Affordability
4.9 / 5.0
$345,500 home value, $1,113/mo rent
F
Safety
1.0 / 5.0
260 violent crimes/100K
A+
Education
5.0 / 5.0
58.7% bachelor's degree or higher
Housing Overview
Median Home Value
$345,500
23% above
US avg: $281,900
Median Rent
$1,113/mo
4% below
US avg: $1,163/mo
Homeownership Rate
80.2%
23% above US avg (65.4%)
Total Housing Units
4,408
Median year built: 1992
Home Value by Source
Census Median
$345,500
Zillow (ZHVI)
$271,933
Median Sale Price
$710,000
Median List Price
$377,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
80.2%
Owner-Occupied
19.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$714/mo
1 Bedroom
$766/mo
2 Bedroom
$945/mo
3 Bedroom
$1,231/mo
4 Bedroom
$1,380/mo
Census median rent:
$1,113/mo
Market Indicators (Redfin)
Median Days on Market
126 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
5
Price Drops
14.9%
of listings with price reduction
Price Per Sq Ft
$198
Active Inventory
47
homes for sale
Affordability & Housing Stock
Rent Burden
29.3%
of renters spending 30%+ of income on housing
5% below US avg (31.0%)
Median Year Built
1992
Average age of housing stock: 34 years
Homeownership Rate
80.2%
Complete Housing Data
Home Values
| Census Median Value | $345,500 |
| Zillow Home Value (ZHVI) | $271,933 |
| Median Sale Price | $710,000 |
| Median List Price | $377,000 |
| Price Per Sq Ft | $198 |
Rent
| Census Median Rent | $1,113 |
| FMR Studio | $714 |
| FMR 1-Bedroom | $766 |
| FMR 2-Bedroom | $945 |
| FMR 3-Bedroom | $1,231 |
| FMR 4-Bedroom | $1,380 |
Market
| Days on Market | 126 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 14.9% |
| Homes Sold | 5 |
| Active Inventory | 47 |
| Price Per Sq Ft | $198 |
Ownership & Stock
| Owner-Occupied | 80.2% |
| Renter-Occupied | 19.8% |
| Homeownership Rate | 80.2% |
| Total Housing Units | 4,408 |
| Median Year Built | 1992 |
| Rent Burden | 29.3% |