Newell, WV—26050
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Newell, WV
As of Oct '25, the median home price in Newell, WV is $58,000, with a year-over-year change of 1.1%. This indicates that home prices in Newell, WV are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $58,000 | 1.1% |
| Single Family | $58,000 | 3.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $49,000 | 4.3% |
3 Bed | $72,000 | 5.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Newell, WV
Newell, 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 — Newell, WV
As of Oct '25, Realtor.com reports that the median days on market for a home in Newell, WV is 202. This is a increase of 101.0% 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 | $89,800 | 36.0% |
Listing Count | 4 | 15.0% |
| Listings as % of Homes | 0.4% | 15.0% |
Days on Market | 202 | 101.0% |
Demographics — Newell, WV
As of the latest ACS Survey released in 2023, Newell, WV has a population of 1,500, which has decreased by -10.1% over the past 5 years. Newell, WV is a popular place for families, as children make up 27.0% of the population. The area has a poorly educated workforce, with 16.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,500 | -10.1% |
% Under 18 | 27.0% | -2.5% |
% Seniors | 15.2% | -36.1% |
% WFH | 7.5% | ∞% |
% w/ College Degree | 16.7% | 106.2% |
As of the latest ACS Survey released in 2023, Newell, WV is a predominantly white area, with 94.9% of the population identifying as white. The white population has grown by 3.3% in the last 5 years. The second most common race or ethnicity in Newell, WV is asian, making up 1.8% of the population. Foreign-born residents account for 1.8% of the population in Newell, WV, and this percentage has increased by Inf% 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 | 94.9% | 3.3% |
% Black | 0.5% | ∞% |
% Hispanic | 0.0% | -100.0% |
% Asian | 1.8% | ∞% |
% Foreign Born | 1.8% | ∞% |
Mortgage and Risk — Newell, WV
According to HUD data as of 2023, there were 34 mortgage originations in Newell, WV, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Newell, WV. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 34 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Newell, WV
Newell, WV lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 2.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $700 |
| 2 Bedroom | N/A | N/A | $880 |
| 3 Bedroom | N/A | N/A | $1,190 |
| 4 Bedroom | N/A | N/A | $1,340 |
Affordability — Newell, WV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $58,000 |
| Median Household Income | $31,200 |