Mortgage payment estimates, closing cost breakdowns, and homebuying data for Martinsburg, West Virginia.
Median Home Price
$235K
Population
18K
Avg Monthly Rent
$1,050
Property Tax Rate
0.58% *
* Property tax shown is the West Virginia state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Martinsburg.
Martinsburg vs West Virginia Median
The median home price in Martinsburg is $235,000, which is 52% above the West Virginia state median of $155,000.
Mortgage Calculator — Martinsburg, WV
Pre-filled with Martinsburg median home price and West Virginia tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $235K home using West Virginia's 0.58% tax rate and $1,400/yr insurance.
5% Down
$1,772/mo
Down: $11,750
Loan: $223K
P&I: $1,411
Tax: $114
Insurance: $117
PMI: $130
10% Down
$1,690/mo
Down: $23,500
Loan: $212K
P&I: $1,337
Tax: $114
Insurance: $117
PMI: $123
20% Down (No PMI)
$1,419/mo
Down: $47,000
Loan: $188K
P&I: $1,188
Tax: $114
Insurance: $117
Income needed (28% rule): $61K/year with 20% down, $72K/year with 10% down.
Rent vs Buy in Martinsburg
Rent
$1,050/mo
vs
Buy (10% down)
$1,690/mo
Price-to-rent ratio: 18.7 — A ratio between 15-20 means the rent vs buy decision in Martinsburg depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Martinsburg is $235,000, 52% above the West Virginia state median of $155,000. With a population of 18,367, Martinsburg is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in West Virginia average 0.58% annually. This low property tax rate is a significant advantage for Martinsburg buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in West Virginia runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Martinsburg is $1,050/month. The price-to-rent ratio in Martinsburg is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Martinsburg offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with West Virginia's WVHDF Homeownership Program program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Martinsburg.