Romney, WV—26757
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Romney, WV
As of Oct '25, the median home price in Romney, WV is $220,000, with a year-over-year change of 2.6%. This indicates that home prices in Romney, WV are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $220,000 | 2.7% |
| Single Family | $220,000 | 2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $191,000 | 4.4% |
3 Bed | $233,000 | 2.2% |
4 Bed | $263,000 | 3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Romney, WV
As of July '25, Rentcast reports the average rent in Romney, WV is $1,450, with a year-over-year rent change of 3.6%. Per bedroom, the median rent as of July '25 in Romney, WV is 2-bedrooms: $895, 3-bedrooms: $2,000. The most common rental property sizes in Romney, WV are 2-bedroom and 1-bedroom, accounting for 37.7% and 26.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,450 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $790 | $895 |
| 3 Bed Rent | $2,000 | $2,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Romney, WV
As of Oct '25, Realtor.com reports that the median days on market for a home in Romney, WV is 69. This is a increase of 26.0% 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 46.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $286,000 | 20.0% |
Listing Count | 35 | 24.0% |
| Listings as % of Homes | 0.8% | 24.0% |
Days on Market | 69 | 26.0% |
Demographics — Romney, WV
As of the latest ACS Survey released in 2023, Romney, WV has a population of 7,020, which has increased by 6.9% over the past 5 years. Romney, WV is a moderately popular place for families, as children make up 23.1% of the population. The area has a poorly educated workforce, with 21.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,020 | 6.9% |
% Under 18 | 23.1% | 18.5% |
% Seniors | 22.9% | -16.7% |
% WFH | 6.7% | 415.4% |
% w/ College Degree | 21.5% | 23.6% |
As of the latest ACS Survey released in 2023, Romney, WV is a predominantly white area, with 94.1% of the population identifying as white. The white population has remained stable in the last 5 years. The second most common race or ethnicity in Romney, WV is black, making up 0.9% of the population. Foreign-born residents account for 0.5% of the population in Romney, WV, and this percentage has decreased by 37.5% 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 | 94.1% | 0.0% |
% Black | 0.9% | -72.7% |
% Hispanic | 0.1% | -96.2% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.5% | -37.5% |
Mortgage and Risk — Romney, WV
According to HUD data as of 2023, there were 145 mortgage originations in Romney, WV, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Romney, WV. Investor activity is low, as 6.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 145 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 6.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Romney, WV
Romney, WV lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 149 |
Total Units Section 8 | 58 |
% Rentals under Section 8 | 7.2% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,000 |
| 2 Bedroom | $470 | $790 | $1,260 |
| 3 Bedroom | -$430 | $2,000 | $1,570 |
| 4 Bedroom | N/A | N/A | $2,120 |
Affordability — Romney, WV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $220,000 |
| Median Household Income | $51,100 |