The typical owner-occupied home in Martinsburg is worth about $95,700, 55% below the Ohio median of $214,800 and 71% below the national median of $332,700. Owners pay a median $963 a year in property taxes, about 1.01% of their home's value, lower than the Ohio rate of 1.31%. The median household earns $55,313 a year, so the median home costs 1.7 times the median income (3.0 times for Ohio). 63% of occupied homes here are lived in by their owners, and 38% of those owners still have a mortgage.
Martinsburg at a glance
| Martinsburg | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $95,700 | $214,800 | $332,700 |
| Median property tax paid per year | $963 | $2,822 | $3,119 |
| Property tax as a share of value | 1.01% | 1.31% | 0.94% |
| Median household income | $55,313 | $71,389 | $80,734 |
| Homes lived in by their owners | 63% | 67% | 65% |
| Owner homes with a mortgage | 38% | 61% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 15.0% | 18.6% | 21.0% |
| Median rent | $896 | $1,034 | $1,413 |
| Rent as a share of renters' income | 20.6% | 28.3% | 30.6% |
| Median year homes were built | 1938 | 1970 | 1980 |
| Vacant homes | 13.6% | 8.1% | 10.1% |
| Population | 303 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Martinsburg
At this week's average 30-year rate of 7.11%, buying the median Martinsburg home of $95,700 with 20% down costs about $635 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $795, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $27,233 for the 20%-down payment. That payment is 14% of the median Martinsburg household income of $55,313; at that income and 20% down, the 28% guideline points to a home of about $194,000.
The median rent here is $896 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $19,140 |
|---|---|
| Loan amount | $76,560 |
| Principal and interest | $515 |
| Property taxes (1.01% a year) | $81 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| PMI | $0 |
| Total per month | $635 |
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| Down payment | $3,350 |
|---|---|
| Loan amount | $93,967 |
| Principal and interest | $632 |
| Property taxes (1.01% a year) | $81 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| FHA mortgage insurance | $42 |
| Total per month | $795 |
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Questions about home buying in Martinsburg
What is the median home value in Martinsburg?
About $95,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Martinsburg?
Homeowners pay a median $963 a year, which is about 1.01% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Martinsburg?
For the median home with 20% down at 7.11%, the payment is about $635 a month. Keeping that under 28% of gross income takes about $27,233 a year.
More about Martinsburg
- Mortgage Refinance in Martinsburg
- Debt Relief in Martinsburg
- Home Equity Loans in Martinsburg
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data