New Martinsville, WV—26155
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Martinsville, WV
New Martinsville, WV lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $137,000 | -3.9% |
| Single Family | $137,000 | -4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $110,000 | -6.8% |
3 Bed | $150,000 | -3.8% |
4 Bed | $182,000 | -1.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Martinsville, WV
As of July '25, Rentcast reports the average rent in New Martinsville, WV is $862, with a year-over-year rent change of -16.3%. Per bedroom, the median rent as of July '25 in New Martinsville, WV is 1-bedrooms: $825, 2-bedrooms: $831, 3-bedrooms: $962. The most common rental property sizes in New Martinsville, WV are 1-bedroom and 2-bedroom, accounting for 31.6% and 29.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $750 | $862 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $825 |
| 2 Bed Rent | $650 | $831 |
| 3 Bed Rent | $700 | $962 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — New Martinsville, WV
As of Oct '25, Realtor.com reports that the median days on market for a home in New Martinsville, WV is 69. This is a decrease of -24.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $170,000 | -7.0% |
Listing Count | 21 | 26.0% |
| Listings as % of Homes | 0.5% | 26.0% |
Days on Market | 69 | -24.0% |
Demographics — New Martinsville, WV
As of the latest ACS Survey released in 2023, New Martinsville, WV has a population of 7,720, which has decreased by -1.7% over the past 5 years. New Martinsville, WV is a moderately popular place for families, as children make up 20.5% of the population. The area has a poorly educated workforce, with 17.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,720 | -1.7% |
% Under 18 | 20.5% | -7.2% |
% Seniors | 21.6% | -5.3% |
% WFH | 2.7% | 17.4% |
% w/ College Degree | 17.0% | 15.6% |
As of the latest ACS Survey released in 2023, New Martinsville, WV is a predominantly white area, with 95.2% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in New Martinsville, WV is black, making up 0.7% of the population. Foreign-born residents account for 1.1% of the population in New Martinsville, WV, and this percentage has increased by 175.0% 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 | 95.2% | -2.1% |
% Black | 0.7% | ∞% |
% Hispanic | 0.7% | 75.0% |
% Asian | 0.2% | -75.0% |
% Foreign Born | 1.1% | 175.0% |
Mortgage and Risk — New Martinsville, WV
According to HUD data as of 2023, there were 84 mortgage originations in New Martinsville, WV, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in New Martinsville, WV. Investor activity is low, as 0.0% of loans were by investors. 24.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 84 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 24.0% |
Loan Activity
Rentals and Section 8 — New Martinsville, WV
New Martinsville, WV lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 210 |
Total Units Section 8 | 210 |
% Rentals under Section 8 | 35.5% |
% Occupied Section 8 | 89.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$80 | $800 | $720 |
| 2 Bedroom | $300 | $650 | $950 |
| 3 Bedroom | $450 | $700 | $1,150 |
| 4 Bedroom | N/A | N/A | $1,260 |
Affordability — New Martinsville, WV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $137,000 |
| Median Household Income | $54,700 |