Mortgage Rates in Martinsburg, West Virginia — March 2026
Updated March 2026 | Based on Martinsburg market data and regional lending conditions
Martinsburg is a growing city in West Virginia with a population of 17,837. The current 30-year fixed mortgage rate in Martinsburg is 6.58%, which is 0.07% below the national average. With a median home price of $215,000 and a 20% down payment of $43,000, homebuyers can expect a monthly principal and interest payment of approximately $1,096.
Current Mortgage Rates in Martinsburg, WV
Below are the current average mortgage rates available in the Martinsburg area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.58% | 6.65% | -0.07% |
| 15-Year Fixed | 5.82% | 5.89% | -0.07% |
| 5/1 ARM | 6.08% | 6.15% | -0.07% |
| FHA | 6.18% | 6.25% | -0.07% |
| VA | 5.98% | 6.05% | -0.07% |
| Jumbo | 6.78% | 6.85% | -0.07% |
Martinsburg Housing Market Overview
The Martinsburg housing market offers relatively affordable housing compared to many major cities. The median household income in Martinsburg is $42,000, and the cost of living index is 85 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $51,343 to comfortably afford the median-priced home in Martinsburg, which exceeds the current median household income.
Monthly Payment Breakdown for Martinsburg
Based on the median home price of $215,000 with 20% down ($43,000), here is what you can expect to pay monthly in Martinsburg:
15-Year vs. 30-Year Mortgage in Martinsburg
Choosing a 15-year mortgage in Martinsburg at 5.82% instead of a 30-year at 6.58% would save you $136,260 in total interest over the life of the loan. However, your monthly payment would be $1,435 instead of $1,096 — an increase of $339 per month.
Calculate Your Martinsburg Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Martinsburg
What are the current mortgage rates in Martinsburg, WV?
As of March 2026, the average 30-year fixed mortgage rate in Martinsburg, West Virginia is 6.58%, while the 15-year fixed rate is 5.82%. FHA loans average 6.18% and VA loans 5.98%. These rates are 0.07% below the national average of 6.65%.
How much is a monthly mortgage payment in Martinsburg?
Based on the median home price of $215,000 with 20% down, the estimated monthly mortgage payment in Martinsburg is $1,096 for principal and interest. Including property taxes of $102/month, the total monthly housing cost is approximately $1,198.
What income do I need to buy a home in Martinsburg?
Using the 28% rule, you would need an annual income of approximately $51,343 to afford the median-priced home in Martinsburg at $215,000. The median household income in Martinsburg is $42,000. This means most households would need to either earn above the median or consider homes below $215,000.
Is Martinsburg a good place to buy a home in 2026?
Martinsburg offers a below-average cost of living with a cost of living index of 85 (national average = 100). The property tax rate in West Virginia is 0.57%, which is below the national average. Martinsburg has a population of 17,837 and offers a very affordable lifestyle.
Mortgage Rates in Other West Virginia Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Martinsburg, West Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.