Terra Alta, WV—26764
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Terra Alta, WV
As of Oct '25, the median home price in Terra Alta, WV is $174,000, with a year-over-year change of 4.3%. This indicates that home prices in Terra Alta, WV are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $174,000 | 4.3% |
| Single Family | $173,000 | 4.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $161,000 | 3.9% |
3 Bed | $196,000 | 5.9% |
4 Bed | $250,000 | 6.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Terra Alta, WV
Terra Alta, WV lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $600 | $600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $600 | $600 |
| 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 — Terra Alta, WV
As of Oct '25, Realtor.com reports that the median days on market for a home in Terra Alta, WV is 99. This is a increase of 73.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $292,000 | 9.0% |
Listing Count | 38 | 29.0% |
| Listings as % of Homes | 0.8% | 29.0% |
Days on Market | 99 | 73.0% |
Demographics — Terra Alta, WV
As of the latest ACS Survey released in 2023, Terra Alta, WV has a population of 4,350, which has increased by 7.3% over the past 5 years. Terra Alta, WV is a moderately popular place for families, as children make up 21.5% of the population. The area has a poorly educated workforce, with 14.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,350 | 7.3% |
% Under 18 | 21.5% | 7.5% |
% Seniors | 20.4% | -17.4% |
% WFH | 5.3% | -35.4% |
% w/ College Degree | 14.4% | -24.6% |
As of the latest ACS Survey released in 2023, Terra Alta, WV is a predominantly white area, with 92.3% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Terra Alta, WV is hispanic, making up 0.9% of the population. Foreign-born residents account for 0.1% of the population in Terra Alta, WV, and this percentage has decreased by 50.0% 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 | 92.3% | -6.8% |
% Black | 0.6% | 100.0% |
% Hispanic | 0.9% | 80.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.1% | -50.0% |
Mortgage and Risk — Terra Alta, WV
According to HUD data as of 2023, there were 83 mortgage originations in Terra Alta, WV, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Terra Alta, WV. Investor activity is low, as 1.0% 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 | 83 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 1.0% |
% Second Loans | 19.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Terra Alta, WV
Terra Alta, WV lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 81 |
Total Units Section 8 | 62 |
% Rentals under Section 8 | 15.7% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $600 | $780 |
| 2 Bedroom | N/A | N/A | $980 |
| 3 Bedroom | N/A | N/A | $1,220 |
| 4 Bedroom | N/A | N/A | $1,650 |
Affordability — Terra Alta, WV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $174,000 |
| Median Household Income | $54,600 |