West Milford, WV—26385
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in West Milford, WV
Home Price Trends — West Milford, WV
As of Oct '25, the median home price in West Milford, WV is $160,000, with a year-over-year change of 4.2%. This indicates that home prices in West Milford, WV are increasing. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $160,000 | 4.2% |
| Single Family | $159,000 | 3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $108,000 | -0.9% |
3 Bed | $183,000 | 4.6% |
4 Bed | $263,000 | 4.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — West Milford, WV
West Milford, 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 — West Milford, WV
As of Oct '25, Realtor.com reports that the median days on market for a home in West Milford, WV is 61. This is a decrease of -15.0% 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 67.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $342,000 | -4.0% |
Listing Count | 6 | 17.0% |
| Listings as % of Homes | 0.5% | 17.0% |
Days on Market | 61 | -15.0% |
Demographics — West Milford, WV
As of the latest ACS Survey released in 2023, West Milford, WV has a population of 3,020, which has decreased by -23.7% over the past 5 years. West Milford, WV is a moderately popular place for families, as children make up 18.9% of the population. The area has a poorly educated workforce, with 23.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,020 | -23.7% |
% Under 18 | 18.9% | -18.9% |
% Seniors | 21.4% | 20.2% |
% WFH | 2.1% | -43.2% |
% w/ College Degree | 23.5% | 16.3% |
As of the latest ACS Survey released in 2023, West Milford, WV is a predominantly white area, with 94.5% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in West Milford, WV is hispanic, making up 0.5% of the population. Foreign-born residents account for 0.4% of the population in West Milford, WV, and this percentage has increased by 300.0% 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 | 94.5% | -4.1% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.5% | -61.5% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.4% | 300.0% |
Mortgage and Risk — West Milford, WV
According to HUD data as of 2023, there were 62 mortgage originations in West Milford, WV, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in West Milford, WV. Investor activity is low, as 0.0% 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 | 62 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — West Milford, WV
West Milford, WV lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $930 |
| 2 Bedroom | N/A | N/A | $1,030 |
| 3 Bedroom | N/A | N/A | $1,360 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — West Milford, WV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $160,000 |
| Median Household Income | $73,000 |