Martinsburg, WV—25405
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 $308,000, with a year-over-year change of 3.4%. This indicates that home prices in Martinsburg, WV are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $308,000 | 3.4% |
| Single Family | $308,000 | 3.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $237,000 | 3.0% |
3 Bed | $300,000 | 3.4% |
4 Bed | $357,000 | 3.5% |
| 5 Bed | $398,000 | 2.6% |
% of Housing Stock
Rental Trends — Martinsburg, WV
As of July '25, Rentcast reports the average rent in Martinsburg, WV is $1,950, with a year-over-year rent change of -3.0%. Per bedroom, the median rent as of July '25 in Martinsburg, WV is 1-bedrooms: $875, 2-bedrooms: $1,680, 3-bedrooms: $2,150, 4-bedrooms: $2,800. The most common rental property sizes in Martinsburg, WV are 3-bedroom and 2-bedroom, accounting for 67.4% and 16.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $1,950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $875 |
| 2 Bed Rent | $1,600 | $1,680 |
| 3 Bed Rent | $2,100 | $2,150 |
| 4 Bed Rent | $2,800 | $2,800 |
% 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 60. 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $360,000 | 3.0% |
Listing Count | 88 | -24.0% |
| Listings as % of Homes | 1.3% | -24.0% |
Days on Market | 60 | -12.0% |
Demographics — Martinsburg, WV
As of the latest ACS Survey released in 2023, Martinsburg, WV has a population of 15,000, which has increased by 9.6% over the past 5 years. Martinsburg, WV is a moderately popular place for families, as children make up 21.3% of the population. The area has a poorly educated workforce, with 20.2% 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 | 15,000 | 9.6% |
% Under 18 | 21.3% | -5.3% |
% Seniors | 15.9% | 31.4% |
% WFH | 6.6% | 120.0% |
% w/ College Degree | 20.2% | 6.9% |
As of the latest ACS Survey released in 2023, Martinsburg, WV is a predominantly white area, with 83.9% of the population identifying as white. The white population has grown by 0.4% in the last 5 years. The second most common race or ethnicity in Martinsburg, WV is black, making up 5.9% of the population. Foreign-born residents account for 5.8% of the population in Martinsburg, WV, and this percentage has increased by 45.0% 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 | 83.9% | 0.4% |
% Black | 5.9% | -38.5% |
% Hispanic | 5.4% | 63.6% |
% Asian | 0.8% | -11.1% |
% Foreign Born | 5.8% | 45.0% |
Mortgage and Risk — Martinsburg, WV
According to HUD data as of 2023, there were 523 mortgage originations in Martinsburg, WV, of which 53.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Martinsburg, WV. Investor activity is low, as 3.0% 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 | 523 |
% Conventional Loans | 53.0% |
% Government Loans | 47.0% |
% Investor Loans | 3.0% |
% 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 0.4%. 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 3-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 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $580 | $650 | $1,230 |
| 2 Bedroom | -$60 | $1,600 | $1,540 |
| 3 Bedroom | $40 | $2,100 | $2,140 |
| 4 Bedroom | -$210 | $2,800 | $2,590 |
Affordability — Martinsburg, WV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $308,000 |
| Median Household Income | $91,000 |