Cheat Lake CDP
West Virginia
Cheat Lake, West Virginia, offers a compelling blend of small-town charm and outdoor recreation, making it an attractive locale for families and those seeking a balanced lifestyle. With a population of just over 10,000, this community provides a close-knit atmosphere where neighbors know each other and the pace of life is refreshingly relaxed. While the median home value of $335,000 is slightly below the national average, the real value lies in the quality of life: residents enjoy the tranquility of lakeside living, easy access to outdoor activities, and a strong sense of community, all without the exorbitant price tags of larger metropolitan areas.
From an investment perspective, Cheat Lake presents a solid opportunity. The median household income of nearly $110,000 significantly surpasses the national average, indicating a financially stable population. This prosperity, coupled with the family-friendly reputation of the area, fuels a robust demand for housing. The safety and security of the community further enhance its appeal, making it an ideal choice for families. Whether you're considering a move or expanding your real estate portfolio, Cheat Lake offers a compelling proposition: a high quality of life, a stable and affluent population, and a welcoming environment for those seeking a place to call home.
Cheat Lake CDP, West Virginia at a Glance
Cheat Lake CDP is a neighborhood in West Virginia with a population of approximately 10,034. The median home value is $335,000 and the median household income is $109,732. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 1.6 per 1,000 residents, which is 56% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively Moderate." Median rent is $559 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$335,000
Median Income
$109,732
Population
10,034
Walk Score
0
Air Quality
AQI 39
Good
Climate Risk
Relatively Moderate
Excellent
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- Population
- 10,034
- Median Age
- N/A
- Median Household Income
- $109,732
47% above nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 3.1%
75% below nat'l avg
- Median Home Value
- $335,000
19% above nat'l avg
- Median Rent
- $559
52% below nat'l avg
- Homeownership Rate
- 81.0%
23% above nat'l avg
- Affordability Index
- 184
84% above nat'l avg
- Violent Crime Rate
- 1.6 per 1K
56% below nat'l avg
- Property Crime Rate
- 5.5 per 1K
71% below nat'l avg
- AQI
- 39
7% below nat'l avg
- Category
- Good
- Overall Risk
- Relatively Moderate
- Risk Score
- 63.28
Top Hazards
- Overall
- Quiet
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- 12.8¢/kWh
23% below nat'l avg
- Est. Monthly Electric
- $115
16% below nat'l avg
- Unemployment Rate
- 1.2%
68% below nat'l avg
- Poverty Rate
- 3.1%
75% below nat'l avg
Weather & Climate in Cheat Lake CDP
Avg High
65°F
Avg Low
47°F
Annual Rainfall
48.2"
Avg Humidity
70%
Political Landscape
→ Politically stable
Based on Clay County county-level presidential election data
Culture & Things to Do in Cheat Lake CDP
Cheat Lake Fireworks
Annual fireworks display held on Cheat Lake.
Morgantown Farmers Market
Weekly farmers market offering local produce and crafts.
MountainFest Motorcycle Rally
A large motorcycle rally held annually in Morgantown.
WVU Mountaineer Football Games
Football games at Milan Puskar Stadium are a major local event.