The typical owner-occupied home in Martinsburg is worth about $240,000, 48% above the West Virginia median of $162,600 and 28% below the national median of $332,700. Owners pay a median $1,529 a year in property taxes, about 0.64% of their home's value, higher than the West Virginia rate of 0.53%. The median household earns $59,555 a year, so the median home costs 4.0 times the median income (2.7 times for West Virginia). 48% of occupied homes here are lived in by their owners, and 68% of those owners still have a mortgage.
Martinsburg at a glance
| Martinsburg | West Virginia | U.S. | |
|---|---|---|---|
| Median home value | $240,000 | $162,600 | $332,700 |
| Median property tax paid per year | $1,529 | $865 | $3,119 |
| Property tax as a share of value | 0.64% | 0.53% | 0.94% |
| Median household income | $59,555 | $59,608 | $80,734 |
| Homes lived in by their owners | 48% | 75% | 65% |
| Owner homes with a mortgage | 68% | 46% | 61% |
| Median monthly costs, owners with a mortgage | $1,455 | $1,255 | $1,963 |
| Those costs as a share of the owners' income | 21.1% | 17.3% | 21.0% |
| Median rent | $1,150 | $872 | $1,413 |
| Rent as a share of renters' income | 31.6% | 29.4% | 30.6% |
| Median year homes were built | 1969 | 1976 | 1980 |
| Vacant homes | 5.8% | 15.4% | 10.1% |
| Population | 18,904 | 1,778,373 | 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 $240,000 with 20% down costs about $1,520 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,919, 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 $65,126 for the 20%-down payment. That payment is 31% of the median Martinsburg household income of $59,555; at that income and 20% down, the 28% guideline points to a home of about $219,000.
The median rent here is $1,150 a month, so owning the median home costs about $370 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $48,000 |
|---|---|
| Loan amount | $192,000 |
| Principal and interest | $1,292 |
| Property taxes (0.64% a year) | $128 |
| Homeowners insurance (our estimate, 0.5% a year) | $100 |
| PMI | $0 |
| Total per month | $1,520 |
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| Down payment | $8,400 |
|---|---|
| Loan amount | $235,653 |
| Principal and interest | $1,585 |
| Property taxes (0.64% a year) | $128 |
| Homeowners insurance (our estimate, 0.5% a year) | $100 |
| FHA mortgage insurance | $106 |
| Total per month | $1,919 |
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Questions about home buying in Martinsburg
What is the median home value in Martinsburg?
About $240,000 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 $1,529 a year, which is about 0.64% 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 $1,520 a month. Keeping that under 28% of gross income takes about $65,126 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