Wheeling, WV—26003
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Wheeling, WV
Home Price Trends — Wheeling, WV
As of Oct '25, the median home price in Wheeling, WV is $153,000, with a year-over-year change of 5.1%. This indicates that home prices in Wheeling, WV are increasing. According to Zillow, the 1-year price projection is -1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $153,000 | 5.1% |
| Single Family | $153,000 | 5.5% |
| Condos | $151,000 | 7.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $67,000 | -4.3% |
2 Bed | $108,000 | 2.9% |
3 Bed | $167,000 | 6.4% |
4 Bed | $248,000 | 6.4% |
| 5 Bed | $348,000 | 4.8% |
% of Housing Stock
Rental Trends — Wheeling, WV
As of July '25, Rentcast reports the average rent in Wheeling, WV is $1,070, with a year-over-year rent change of 19.6%. Per bedroom, the median rent as of July '25 in Wheeling, WV is studios: $644, 1-bedrooms: $730, 2-bedrooms: $757, 3-bedrooms: $1,430, 4-bedrooms: $1,500. The most common rental property sizes in Wheeling, WV are 1-bedroom and 2-bedroom, accounting for 32.9% and 31.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $1,070 |
| Studio Rent | $644 | $644 |
| 1 Bed Rent | $750 | $730 |
| 2 Bed Rent | $725 | $757 |
| 3 Bed Rent | $1,650 | $1,430 |
| 4 Bed Rent | $1,500 | $1,500 |
% of Rental Stock
Property Listings — Wheeling, WV
As of Oct '25, Realtor.com reports that the median days on market for a home in Wheeling, WV is 54. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $191,000 | 14.0% |
Listing Count | 146 | 0.0% |
| Listings as % of Homes | 0.5% | 0.0% |
Days on Market | 54 | -1.0% |
Demographics — Wheeling, WV
As of the latest ACS Survey released in 2023, Wheeling, WV has a population of 40,400, which has decreased by -1.5% over the past 5 years. Wheeling, WV is a moderately popular place for families, as children make up 19.0% of the population. The area has a moderately educated workforce, with 32.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,400 | -1.5% |
% Under 18 | 19.0% | 0.5% |
% Seniors | 24.8% | 18.7% |
% WFH | 7.4% | 111.4% |
% w/ College Degree | 32.6% | 3.5% |
As of the latest ACS Survey released in 2023, Wheeling, WV is a predominantly white area, with 89.8% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Wheeling, WV is black, making up 3.2% of the population. Foreign-born residents account for 2.6% of the population in Wheeling, WV, and this percentage has increased by 62.5% 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 | 89.8% | -2.6% |
% Black | 3.2% | -22.0% |
% Hispanic | 1.6% | 60.0% |
% Asian | 0.4% | -50.0% |
% Foreign Born | 2.6% | 62.5% |
Mortgage and Risk — Wheeling, WV
According to HUD data as of 2023, there were 519 mortgage originations in Wheeling, WV, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Wheeling, WV. Investor activity is low, as 10.0% 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 | 519 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 10.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Wheeling, WV
As of 2024, the percent of homes in Wheeling, WV under the Section 8 program is 21.9%. This is considered high, suggesting that the neighborhood is heavily 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 Wheeling, WV, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,905 |
Total Units Section 8 | 1,266 |
% Rentals under Section 8 | 21.9% |
% Occupied Section 8 | 86.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $750 | $840 |
| 2 Bedroom | $295 | $725 | $1,020 |
| 3 Bedroom | -$340 | $1,650 | $1,310 |
| 4 Bedroom | -$30 | $1,500 | $1,470 |
Affordability — Wheeling, WV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $153,000 |
| Median Household Income | $58,600 |