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  4. /New Martinsville, WV - 26155

New Martinsville, WV—26155

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$138,000
1.4% YoY Growth
Household Income
$54,700
27.5% YoY Growth
Days on Market
80
18.0% Shorter YoY
Home Price Forecast
N/A
Median Rent
$750
16.3% YoY Growth
1-Bed Rent
$800
57.1% YoY Growth
2-Bed Rent
$650
7.9% YoY Growth
3-Bed Rent
$700
24.3% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — New Martinsville, WV

New Martinsville, WV lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$138,0001.4%
Single Family $138,0001.5%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A

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  • Affordability
  • Rentals and Section 8
    • 2 Bed
    $113,000
    0.0%
    3 Bed
    		$153,0002.7%
    4 Bed
    		$189,0002.7%
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    Studio
    2.4%
    1 Bedroom
    9.5%
    2 Bedrooms
    25.4%
    3 Bedrooms
    39.5%
    4 Bedrooms
    17.9%
    5+ Bedrooms
    5.3%

    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.

    TypeMedian RentAverage Rent
    Average Rent$750$862
    Studio Rent N/AN/A
    1 Bed Rent $800$825
    2 Bed Rent $650$831
    3 Bed Rent $700$962
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    7.9%
    1 Bedroom
    31.6%
    2 Bedrooms
    29.5%
    3 Bedrooms
    27.6%
    4 Bedrooms
    1.0%
    5+ Bedrooms
    2.4%

    Property Listings — New Martinsville, WV

    As of May '26, Realtor.com reports that the median days on market for a home in New Martinsville, WV is 80. This is a decrease of -18.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$180,0000.0%
    Listing Count
    		249.0%
    Listings as % of Homes0.5%9.0%
    Days on Market
    		80-18.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % 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%
    Loading chart...

    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
    Loading chart...
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$80$800$720
    2 Bedroom$300$650$950
    3 Bedroom$450$700$1,150
    4 BedroomN/AN/A$1,260

    Affordability — New Martinsville, WV

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.4
    Median Home Price$138,000
    Median Household Income$54,700

    New Martinsville, WV — ZIP Code Boundary Map

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    Frequently Asked Questions