Berkeley Springs, WV—25411
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Berkeley Springs, WV
As of Oct '25, the median home price in Berkeley Springs, WV is $303,000, with a year-over-year change of 2.5%. This indicates that home prices in Berkeley Springs, 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 | $303,000 | 2.5% |
| Single Family | $304,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $201,000 | -0.5% |
2 Bed | $254,000 | 2.4% |
3 Bed | $325,000 | 2.5% |
4 Bed | $369,000 | 3.1% |
| 5 Bed | $431,000 | 4.9% |
% of Housing Stock
Rental Trends — Berkeley Springs, WV
As of July '25, Rentcast reports the average rent in Berkeley Springs, WV is $1,010, with a year-over-year rent change of -2.9%. Per bedroom, the median rent as of July '25 in Berkeley Springs, WV is studios: $725, 1-bedrooms: $934, 2-bedrooms: $1,050, 3-bedrooms: $1,550, 4-bedrooms: $1,600. The most common rental property sizes in Berkeley Springs, WV are 3-bedroom and 2-bedroom, accounting for 38.2% and 28.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $1,010 |
| Studio Rent | $750 | $725 |
| 1 Bed Rent | $800 | $934 |
| 2 Bed Rent | $1,000 | $1,050 |
| 3 Bed Rent | $1,550 | $1,550 |
| 4 Bed Rent | $1,600 | $1,600 |
% of Rental Stock
Property Listings — Berkeley Springs, WV
As of Oct '25, Realtor.com reports that the median days on market for a home in Berkeley Springs, WV is 48. This is a decrease of -14.0% 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 | $384,000 | 8.0% |
Listing Count | 94 | 5.0% |
| Listings as % of Homes | 0.9% | 5.0% |
Days on Market | 48 | -14.0% |
Demographics — Berkeley Springs, WV
As of the latest ACS Survey released in 2023, Berkeley Springs, WV has a population of 11,900, which has decreased by -8.8% over the past 5 years. Berkeley Springs, WV is a moderately popular place for families, as children make up 17.6% of the population. The area has a poorly educated workforce, with 21.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,900 | -8.8% |
% Under 18 | 17.6% | -6.4% |
% Seniors | 27.1% | 16.8% |
% WFH | 8.4% | 500.0% |
% w/ College Degree | 21.3% | 13.3% |
As of the latest ACS Survey released in 2023, Berkeley Springs, WV is a predominantly white area, with 94.0% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Berkeley Springs, WV is hispanic, making up 1.2% of the population. Foreign-born residents account for 1.6% of the population in Berkeley Springs, WV, and this percentage has increased by 6.7% 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 | 94.0% | -1.7% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.2% | -40.0% |
% Asian | 0.3% | ∞% |
% Foreign Born | 1.6% | 6.7% |
Mortgage and Risk — Berkeley Springs, WV
According to HUD data as of 2023, there were 289 mortgage originations in Berkeley Springs, WV, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Berkeley Springs, 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 | 289 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 2.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Berkeley Springs, WV
As of 2024, the percent of homes in Berkeley Springs, WV under the Section 8 program is 2.0%. 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 and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Berkeley Springs, WV, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 19 |
Total Units Section 8 | 19 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $800 | $830 |
| 2 Bedroom | $40 | $1,000 | $1,040 |
| 3 Bedroom | -$130 | $1,550 | $1,420 |
| 4 Bedroom | $160 | $1,600 | $1,760 |
Affordability — Berkeley Springs, WV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $303,000 |
| Median Household Income | $64,100 |