Market Overview
Home Prices in New Martinsville, WV
The median home value in New Martinsville, WV is $140,356 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.1% compared to a year ago and down 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in New Martinsville are priced66% below average.
Over the past five years, New Martinsville home values have risen by approximately12.6%, reflecting steady appreciation in this market.
Price History
New Martinsville Home Price Trend
2020
$111,678
$112K
—
2021
$124,673
$125K
+11.6%
2022
$134,196
$134K
+7.6%
2023
$138,538
$139K
+3.2%
2024
$140,286
$140K
+1.3%
2025
$138,765
$139K
-1.1%
2026
$140,356
$140K
+1.1%
City Comparison
New Martinsville vs. National Median
🏠 New Martinsville
$140,356
National Median
$410,000
At $140,356, homes in New Martinsville cost 66% below the national median of $410,000. This makes New Martinsville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in New Martinsville?
20% Down Payment
$28,071
on $140,356
Monthly P&I
$732/mo
30-yr @ 6.8%
Total Monthly Est.
~$930/mo
incl. taxes & insurance
Income Needed
$37,200
gross annual (30% rule)
10% Down Option
$14,036
+ PMI applies
Loan Amount (20% dn)
$112,285
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in New Martinsville, WV?
The median home value in New Martinsville is $140,356 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.1% year-over-year.
How much have home prices changed in New Martinsville?
Over the past year, home values in New Martinsville have increased by 1.1%. Over five years, prices have risen approximately 12.6%.
How much do I need to earn to buy a home in New Martinsville?
To comfortably afford the median home price of $140,356 with a 20% down payment ($28,071) at today's rates (6.8%), you'd need a gross annual income of approximately $37,200. This assumes keeping total housing costs at or below 30% of gross income.
How does New Martinsville compare to the national average home price?
The national median home value is approximately $410,000. At $140,356, homes in New Martinsville are 66% below the national average.