Martinsburg, WV—25403
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 $370,000, with a year-over-year change of 3.1%. This indicates that home prices in Martinsburg, WV are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $370,000 | 3.1% |
| Single Family | $370,000 | 3.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $257,000 | 2.0% |
3 Bed | $327,000 | 2.8% |
4 Bed | $437,000 | 3.1% |
| 5 Bed | $499,000 | 2.7% |
% of Housing Stock
Rental Trends — Martinsburg, WV
As of July '25, Rentcast reports the average rent in Martinsburg, WV is $1,920, with a year-over-year rent change of 6.7%. Per bedroom, the median rent as of July '25 in Martinsburg, WV is 1-bedrooms: $1,070, 2-bedrooms: $1,240, 3-bedrooms: $1,930, 4-bedrooms: $2,330. The most common rental property sizes in Martinsburg, WV are 3-bedroom and 2-bedroom, accounting for 36.3% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,920 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $815 | $1,070 |
| 2 Bed Rent | $750 | $1,240 |
| 3 Bed Rent | $1,900 | $1,930 |
| 4 Bed Rent | $2,300 | $2,330 |
% 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 36. This is a decrease of -19.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $400,000 | -1.0% |
Listing Count | 147 | 30.0% |
| Listings as % of Homes | 2.1% | 30.0% |
Days on Market | 36 | -19.0% |
Demographics — Martinsburg, WV
As of the latest ACS Survey released in 2023, Martinsburg, WV has a population of 15,900, which has increased by 24.2% over the past 5 years. Martinsburg, WV is a moderately popular place for families, as children make up 23.2% of the population. The area has a moderately educated workforce, with 28.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,900 | 24.2% |
% Under 18 | 23.2% | -7.9% |
% Seniors | 16.2% | 9.5% |
% WFH | 13.0% | 441.7% |
% w/ College Degree | 28.4% | -9.3% |
As of the latest ACS Survey released in 2023, Martinsburg, WV is a predominantly white area, with 73.6% of the population identifying as white. The white population has shrunk by 11.2% in the last 5 years. The second most common race or ethnicity in Martinsburg, WV is hispanic, making up 10.0% of the population. Foreign-born residents account for 5.9% of the population in Martinsburg, WV, and this percentage has decreased by 6.3% 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 | 73.6% | -11.2% |
% Black | 8.4% | 42.4% |
% Hispanic | 10.0% | 35.1% |
% Asian | 1.1% | -31.2% |
% Foreign Born | 5.9% | -6.3% |
Mortgage and Risk — Martinsburg, WV
According to HUD data as of 2023, there were 406 mortgage originations in Martinsburg, WV, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Martinsburg, WV. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 406 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Martinsburg, WV
As of 2024, the percent of homes in Martinsburg, WV under the Section 8 program is 1.5%. 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 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Martinsburg, WV, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 19 |
Total Units Section 8 | 19 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $225 | $815 | $1,040 |
| 2 Bedroom | $560 | $750 | $1,310 |
| 3 Bedroom | -$80 | $1,900 | $1,820 |
| 4 Bedroom | -$100 | $2,300 | $2,200 |
Affordability — Martinsburg, WV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $370,000 |
| Median Household Income | $82,200 |