Benwood, WV—26031
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Benwood, WV
As of Oct '25, the median home price in Benwood, WV is $63,000, with a year-over-year change of -5.4%. This indicates that home prices in Benwood, WV are decreasing. According to Zillow, the 1-year price projection is -3.7%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $63,000 | -5.4% |
| Single Family | $63,000 | -4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $54,000 | -3.6% |
3 Bed | $87,000 | 2.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Benwood, WV
Benwood, WV lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Benwood, WV
As of Oct '25, Realtor.com reports that the median days on market for a home in Benwood, WV is 58. This is a decrease of -50.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $83,000 | 3.0% |
Listing Count | 5 | -24.0% |
| Listings as % of Homes | 0.6% | -24.0% |
Days on Market | 58 | -50.0% |
Demographics — Benwood, WV
As of the latest ACS Survey released in 2023, Benwood, WV has a population of 1,560, which has decreased by -6.4% over the past 5 years. Benwood, WV is a moderately popular place for families, as children make up 19.7% of the population. The area has a poorly educated workforce, with 13.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,560 | -6.4% |
% Under 18 | 19.7% | 15.2% |
% Seniors | 15.4% | -29.7% |
% WFH | 1.7% | 325.0% |
% w/ College Degree | 13.9% | 63.5% |
As of the latest ACS Survey released in 2023, Benwood, WV is a predominantly white area, with 90.7% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Benwood, WV is black, making up 0.8% of the population. Foreign-born residents account for 0.8% of the population in Benwood, WV, and this percentage has increased by 166.7% 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 | 90.7% | -1.8% |
% Black | 0.8% | -83.7% |
% Hispanic | 0.8% | -57.9% |
% Asian | 0.2% | ∞% |
% Foreign Born | 0.8% | 166.7% |
Mortgage and Risk — Benwood, WV
According to HUD data as of 2023, there were 11 mortgage originations in Benwood, WV, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 91.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Benwood, WV. Investor activity is high, as 27.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 11 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 27.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Benwood, WV
Benwood, WV lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 122 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $730 |
| 2 Bedroom | N/A | N/A | $880 |
| 3 Bedroom | N/A | N/A | $1,150 |
| 4 Bedroom | N/A | N/A | $1,290 |
Affordability — Benwood, WV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.2 |
| Median Home Price | $63,000 |
| Median Household Income | $50,500 |