Mineral Wells, WV—26150
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mineral Wells, WV
As of Oct '25, the median home price in Mineral Wells, WV is $211,000, with a year-over-year change of 2.2%. This indicates that home prices in Mineral Wells, WV are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $211,000 | 2.2% |
| Single Family | $211,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $162,000 | 2.5% |
3 Bed | $214,000 | 3.4% |
4 Bed | $329,000 | 5.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mineral Wells, WV
As of July '25, Rentcast reports the average rent in Mineral Wells, WV is $599, with a year-over-year rent change of -65.2%. Per bedroom, the median rent as of July '25 in Mineral Wells, WV is 1-bedrooms: $599. The most common rental property sizes in Mineral Wells, WV are 3-bedroom and 2-bedroom, accounting for 48.8% and 21.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $599 | $599 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $599 | $599 |
| 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 — Mineral Wells, WV
As of Oct '25, Realtor.com reports that the median days on market for a home in Mineral Wells, WV is 87. This is a increase of 9.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $467,000 | 41.0% |
Listing Count | 5 | -38.0% |
| Listings as % of Homes | 0.2% | -38.0% |
Days on Market | 87 | 9.0% |
Demographics — Mineral Wells, WV
As of the latest ACS Survey released in 2023, Mineral Wells, WV has a population of 5,930, which has decreased by -1.3% over the past 5 years. Mineral Wells, WV is a popular place for families, as children make up 25.6% of the population. The area has a poorly educated workforce, with 20.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,930 | -1.3% |
% Under 18 | 25.6% | 7.1% |
% Seniors | 19.5% | 21.9% |
% WFH | 7.6% | 38.2% |
% w/ College Degree | 20.6% | -15.6% |
As of the latest ACS Survey released in 2023, Mineral Wells, WV is a predominantly white area, with 97.3% of the population identifying as white. The white population has grown by 2.0% in the last 5 years. The second most common race or ethnicity in Mineral Wells, WV is hispanic, making up 1.7% of the population. Foreign-born residents account for 0.7% of the population in Mineral Wells, WV, and this percentage has decreased by 53.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 97.3% | 2.0% |
% Black | 0.2% | -60.0% |
% Hispanic | 1.7% | 54.5% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.7% | -53.3% |
Mortgage and Risk — Mineral Wells, WV
According to HUD data as of 2023, there were 72 mortgage originations in Mineral Wells, WV, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Mineral Wells, WV. Investor activity is low, as 3.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 72 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Mineral Wells, WV
Mineral Wells, WV lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 39 |
Total Units Section 8 | 39 |
% Rentals under Section 8 | 5.8% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $251 | $599 | $850 |
| 2 Bedroom | N/A | N/A | $1,020 |
| 3 Bedroom | N/A | N/A | $1,370 |
| 4 Bedroom | N/A | N/A | $1,430 |
Affordability — Mineral Wells, WV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $211,000 |
| Median Household Income | $67,000 |