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New Martinsville

Learn about the people, housing, costs and businesses in New Martinsville, West Virginia

Median Home$139,641
Median Rent$747/month
Population4,842
Leading IndustriesManufacturing · Public Administration · Retail2% manufacturing
Home Value Growth+8.3% over 2 years
Young Adults29% of residentsslightly above average
Homeowners82% of occupied units
NotableAmenity Score73/100 · highly walkable area
NotableAffordable Market$140k median home · lower cost than 78% of the country
New Martinsville
WV

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in New Martinsville?

As of today, the 30-year fixed mortgage rate for New Martinsville is approximately 6.971% (7.010% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in New Martinsville?

The median home value in New Martinsville is $140k. The median monthly rent is $747. Annual property taxes average $835. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Martinsville?

Home values in New Martinsville have increased 8.3% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in New Martinsville?

Based on a typical all-in ownership cost of $633/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Martinsville is $60k/year.

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What industries drive the economy in New Martinsville?

The largest employment sectors in New Martinsville are public administration (28%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.