Martinsburg, PA—16662
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Martinsburg, PA
As of Oct '25, the median home price in Martinsburg, PA is $238,000, with a year-over-year change of 4.5%. This indicates that home prices in Martinsburg, PA are increasing. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $238,000 | 4.5% |
| Single Family | $238,000 | 5.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Martinsburg, PA
Martinsburg, PA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,500 | $1,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Martinsburg, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Martinsburg, PA is 50. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $375,000 | 24.0% |
Listing Count | 7 | -33.0% |
| Listings as % of Homes | 0.3% | -33.0% |
Days on Market | 50 | -5.0% |
Demographics — Martinsburg, PA
As of the latest ACS Survey released in 2023, Martinsburg, PA has a population of 5,870, which has increased by 6.3% over the past 5 years. Martinsburg, PA is a moderately popular place for families, as children make up 23.0% of the population. The area has a poorly educated workforce, with 20.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,870 | 6.3% |
% Under 18 | 23.0% | 1.8% |
% Seniors | 25.4% | -3.4% |
% WFH | 9.7% | 98.0% |
% w/ College Degree | 20.6% | 9.6% |
As of the latest ACS Survey released in 2023, Martinsburg, PA is a predominantly white area, with 95.6% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Martinsburg, PA is hispanic, making up 1.2% of the population. Foreign-born residents account for 0.4% of the population in Martinsburg, PA, and this percentage has increased by 100.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.6% | -3.7% |
% Black | 0.6% | 100.0% |
% Hispanic | 1.2% | 1,100.0% |
% Asian | 0.1% | ∞% |
% Foreign Born | 0.4% | 100.0% |
Mortgage and Risk — Martinsburg, PA
According to HUD data as of 2023, there were 64 mortgage originations in Martinsburg, PA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Martinsburg, PA. Investor activity is low, as 14.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 64 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 14.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Martinsburg, PA
Martinsburg, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 48 |
Total Units Section 8 | 48 |
% Rentals under Section 8 | 9.7% |
% Occupied Section 8 | 76.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $880 |
| 2 Bedroom | N/A | N/A | $1,070 |
| 3 Bedroom | -$160 | $1,500 | $1,340 |
| 4 Bedroom | N/A | N/A | $1,540 |
Affordability — Martinsburg, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $238,000 |
| Median Household Income | $70,900 |