Nitro, WV—25143
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Nitro, WV
As of Oct '25, the median home price in Nitro, WV is $143,000, with a year-over-year change of 2.7%. This indicates that home prices in Nitro, WV are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $143,000 | 2.7% |
| Single Family | $144,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $109,000 | 0.0% |
3 Bed | $155,000 | 4.7% |
4 Bed | $217,000 | 4.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Nitro, WV
As of July '25, Rentcast reports the average rent in Nitro, WV is $993, with a year-over-year rent change of 32.4%. Per bedroom, the median rent as of July '25 in Nitro, WV is 1-bedrooms: $800, 2-bedrooms: $1,040, 3-bedrooms: $975. The most common rental property sizes in Nitro, WV are 2-bedroom and 3-bedroom, accounting for 52.3% and 31.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $925 | $993 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $800 |
| 2 Bed Rent | $925 | $1,040 |
| 3 Bed Rent | $975 | $975 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Nitro, WV
As of Oct '25, Realtor.com reports that the median days on market for a home in Nitro, WV is 54. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $164,000 | 15.0% |
Listing Count | 30 | 68.0% |
| Listings as % of Homes | 0.4% | 68.0% |
Days on Market | 54 | 17.0% |
Demographics — Nitro, WV
As of the latest ACS Survey released in 2023, Nitro, WV has a population of 9,180, which has increased by 11.6% over the past 5 years. Nitro, WV is a moderately popular place for families, as children make up 25.0% of the population. The area has a poorly educated workforce, with 18.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,180 | 11.6% |
% Under 18 | 25.0% | 12.1% |
% Seniors | 19.2% | -4.5% |
% WFH | 6.1% | 205.0% |
% w/ College Degree | 18.1% | -13.8% |
As of the latest ACS Survey released in 2023, Nitro, WV is a predominantly white area, with 89.9% of the population identifying as white. The white population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Nitro, WV is black, making up 1.1% of the population. Foreign-born residents account for 0.5% of the population in Nitro, WV, and this percentage has decreased by 37.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.9% | -1.0% |
% Black | 1.1% | -80.7% |
% Hispanic | 1.1% | ∞% |
% Asian | 0.5% | ∞% |
% Foreign Born | 0.5% | -37.5% |
Mortgage and Risk — Nitro, WV
According to HUD data as of 2023, there were 81 mortgage originations in Nitro, WV, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Nitro, WV. Investor activity is low, as 11.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 81 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 11.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Nitro, WV
Nitro, WV lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 201 |
Total Units Section 8 | 201 |
% Rentals under Section 8 | 22.4% |
% Occupied Section 8 | 90.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $800 | $860 |
| 2 Bedroom | $155 | $925 | $1,080 |
| 3 Bedroom | $445 | $975 | $1,420 |
| 4 Bedroom | N/A | N/A | $1,520 |
Affordability — Nitro, WV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $143,000 |
| Median Household Income | $55,100 |