Mortgage Rates in New Martinsville, West Virginia — March 2026
Updated March 2026 | Based on New Martinsville market data and regional lending conditions
New Martinsville is a growing city in West Virginia with a population of 5,366. The current 30-year fixed mortgage rate in New Martinsville is 6.84%, which is 0.19% above the national average. With a median home price of $100,000 and a 20% down payment of $20,000, homebuyers can expect a monthly principal and interest payment of approximately $524.
Current Mortgage Rates in New Martinsville, WV
Below are the current average mortgage rates available in the New Martinsville 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 | 6.84% | 6.65% | +0.19% |
| 15-Year Fixed | 6.06% | 5.89% | +0.17% |
| 5/1 ARM | 6.3% | 6.15% | +0.15% |
| FHA | 6.54% | 6.25% | +0.29% |
| VA | 6.29% | 6.05% | +0.24% |
| Jumbo | 7.09% | 6.85% | +0.24% |
New Martinsville Housing Market Overview
The New Martinsville housing market offers relatively affordable housing compared to many major cities. The median household income in New Martinsville is $42,100, and the cost of living index is 69.8 (national average = 100). Based on the 28% affordability rule, the median income in New Martinsville is sufficient to afford the median-priced home.
Monthly Payment Breakdown for New Martinsville
Based on the median home price of $100,000 with 20% down ($20,000), here is what you can expect to pay monthly in New Martinsville:
15-Year vs. 30-Year Mortgage in New Martinsville
Choosing a 15-year mortgage in New Martinsville at 6.06% instead of a 30-year at 6.84% would save you $66,600 in total interest over the life of the loan. However, your monthly payment would be $678 instead of $524 — an increase of $154 per month.
Calculate Your New Martinsville Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in New Martinsville
What are the current mortgage rates in New Martinsville, WV?
As of March 2026, the average 30-year fixed mortgage rate in New Martinsville, West Virginia is 6.84%, while the 15-year fixed rate is 6.06%. FHA loans average 6.54% and VA loans 6.29%. These rates are 0.19% above the national average of 6.65%.
How much is a monthly mortgage payment in New Martinsville?
Based on the median home price of $100,000 with 20% down, the estimated monthly mortgage payment in New Martinsville is $524 for principal and interest. Including property taxes of $48/month, the total monthly housing cost is approximately $572.
What income do I need to buy a home in New Martinsville?
Using the 28% rule, you would need an annual income of approximately $24,514 to afford the median-priced home in New Martinsville at $100,000. The median household income in New Martinsville is $42,100. The median income is currently sufficient to meet this threshold.
Is New Martinsville a good place to buy a home in 2026?
New Martinsville offers a below-average cost of living with a cost of living index of 69.8 (national average = 100). The property tax rate in West Virginia is 0.58%, which is below the national average. New Martinsville has a population of 5,366 and offers a very affordable lifestyle.
Mortgage Rates in Other West Virginia Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the New Martinsville, West Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.