Martinsburg, WV—25401
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Martinsburg, WV
As of Oct '25, the median home price in Martinsburg, WV is $245,000, with a year-over-year change of 3.6%. This indicates that home prices in Martinsburg, WV are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $245,000 | 3.6% |
| Single Family | $245,000 | 3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $193,000 | 4.3% |
3 Bed | $248,000 | 3.8% |
4 Bed | $318,000 | 4.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Martinsburg, WV
As of July '25, Rentcast reports the average rent in Martinsburg, WV is $1,330, with a year-over-year rent change of -3.6%. Per bedroom, the median rent as of July '25 in Martinsburg, WV is 1-bedrooms: $920, 2-bedrooms: $1,170, 3-bedrooms: $1,760, 4-bedrooms: $1,420. The most common rental property sizes in Martinsburg, WV are 3-bedroom and 2-bedroom, accounting for 32.5% and 31.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,330 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $920 |
| 2 Bed Rent | $1,200 | $1,170 |
| 3 Bed Rent | $1,700 | $1,760 |
| 4 Bed Rent | $1,400 | $1,420 |
% of Rental Stock
Property Listings — Martinsburg, WV
As of Oct '25, Realtor.com reports that the median days on market for a home in Martinsburg, WV is 40. This is a decrease of -12.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $289,000 | 13.0% |
Listing Count | 72 | 34.0% |
| Listings as % of Homes | 0.5% | 34.0% |
Days on Market | 40 | -12.0% |
Demographics — Martinsburg, WV
As of the latest ACS Survey released in 2023, Martinsburg, WV has a population of 15,700, which has increased by 10.0% over the past 5 years. Martinsburg, WV is a moderately popular place for families, as children make up 22.9% of the population. The area has a poorly educated workforce, with 22.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,700 | 10.0% |
% Under 18 | 22.9% | -4.6% |
% Seniors | 16.8% | 16.7% |
% WFH | 6.6% | 61.0% |
% w/ College Degree | 22.9% | 44.9% |
As of the latest ACS Survey released in 2023, Martinsburg, WV is a predominantly white area, with 67.8% of the population identifying as white. The white population has shrunk by 10.4% in the last 5 years. The second most common race or ethnicity in Martinsburg, WV is black, making up 12.9% of the population. Foreign-born residents account for 6.1% of the population in Martinsburg, WV, and this percentage has increased by 32.6% 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 | 67.8% | -10.4% |
% Black | 12.9% | -13.4% |
% Hispanic | 10.9% | 62.7% |
% Asian | 0.8% | 166.7% |
% Foreign Born | 6.1% | 32.6% |
Mortgage and Risk — Martinsburg, WV
According to HUD data as of 2023, there were 252 mortgage originations in Martinsburg, WV, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Martinsburg, WV. Investor activity is low, as 9.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 252 |
% Conventional Loans | 56.0% |
% Government Loans | 44.0% |
% Investor Loans | 9.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Martinsburg, WV
As of 2024, the percent of homes in Martinsburg, WV under the Section 8 program is 14.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Martinsburg, WV, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 782 |
Total Units Section 8 | 431 |
% Rentals under Section 8 | 14.6% |
% Occupied Section 8 | 91.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $850 | $880 |
| 2 Bedroom | -$100 | $1,200 | $1,100 |
| 3 Bedroom | -$170 | $1,700 | $1,530 |
| 4 Bedroom | $450 | $1,400 | $1,850 |
Affordability — Martinsburg, WV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $245,000 |
| Median Household Income | $49,200 |