Martinsburg, WV—25404
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 $280,000, with a year-over-year change of 3.5%. 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 | $280,000 | 3.5% |
| Single Family | $280,000 | 3.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $207,000 | 4.5% |
3 Bed | $277,000 | 3.7% |
4 Bed | $344,000 | 3.6% |
| 5 Bed | $406,000 | 3.0% |
% of Housing Stock
Rental Trends — Martinsburg, WV
As of July '25, Rentcast reports the average rent in Martinsburg, WV is $1,610, with a year-over-year rent change of -6.9%. Per bedroom, the median rent as of July '25 in Martinsburg, WV is 1-bedrooms: $940, 2-bedrooms: $1,330, 3-bedrooms: $1,800, 4-bedrooms: $2,230. The most common rental property sizes in Martinsburg, WV are 2-bedroom and 3-bedroom, accounting for 39.9% and 36.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,610 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $780 | $940 |
| 2 Bed Rent | $1,280 | $1,330 |
| 3 Bed Rent | $1,800 | $1,800 |
| 4 Bed Rent | $2,470 | $2,230 |
% 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 37. This is a decrease of -4.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $299,000 | 11.0% |
Listing Count | 107 | 41.0% |
| Listings as % of Homes | 0.7% | 41.0% |
Days on Market | 37 | -4.0% |
Demographics — Martinsburg, WV
As of the latest ACS Survey released in 2023, Martinsburg, WV has a population of 22,800, which has increased by 2.9% over the past 5 years. Martinsburg, WV is a moderately popular place for families, as children make up 22.0% of the population. The area has a poorly educated workforce, with 24.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,800 | 2.9% |
% Under 18 | 22.0% | -16.7% |
% Seniors | 14.6% | 15.0% |
% WFH | 13.4% | 143.6% |
% w/ College Degree | 24.5% | 12.9% |
As of the latest ACS Survey released in 2023, Martinsburg, WV is a predominantly white area, with 77.7% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Martinsburg, WV is black, making up 8.8% of the population. Foreign-born residents account for 6.2% of the population in Martinsburg, WV, 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 | 77.7% | -2.0% |
% Black | 8.8% | -10.2% |
% Hispanic | 6.5% | 25.0% |
% Asian | 1.1% | 57.1% |
% Foreign Born | 6.2% | 100.0% |
Mortgage and Risk — Martinsburg, WV
According to HUD data as of 2023, there were 494 mortgage originations in Martinsburg, WV, of which 57.0% 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 2.0% 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 | 494 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% 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 4.0%. 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 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 and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 171 |
Total Units Section 8 | 159 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | 88.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $780 | $950 |
| 2 Bedroom | -$90 | $1,280 | $1,190 |
| 3 Bedroom | -$150 | $1,800 | $1,650 |
| 4 Bedroom | -$470 | $2,470 | $2,000 |
Affordability — Martinsburg, WV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $280,000 |
| Median Household Income | $68,900 |