Rent to own Homes in Martinsburg, WV
Named the fastest growing city in West Virginia, Martinsburg is a small community with some big things going on. Residents love the area's proximity to Washington D.C. while still enjoying the peace and quiet of a small town. The town's commitment to downtown revitalization and infrastructure improvements have made it a place that the 17,487 residents are proud to call home. With a housing market on the rise, there has never been a better time to buy in Martinsburg.
Martinsburg, WV is a great place for affordable rent-to-own homes! With a median household income of over $44,363 and a median rent of $930, the Martinsburg, WV rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Martinsburg, WV. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Martinsburg, WV Property Resources
Rent to own Homes in Cities Near Martinsburg, WV
- Bakersville
- Berryville
- Bolivar
- Boyce
- Breathedsville
- Brucetown
- Brunswick
- Bunker Hill
- Burkittsville
- Charles Town
- Clear Brook
- Clear Spring
- Cross Junction
- Eakles Mill
- Fairview
- Falling Waters
- Fountainhead-Orchard Hills
- Gapland
- Garretts Mill
- Gerrardstown
- Glengary
- Hamilton
- Harpers Ferry
- Hillsboro
- Indian Springs
- Inwood
- Jefferson
- Kearneysville
- Keedysville
- Lovettsville
- Middletown
- Middleway
- Paeonian Springs
- Paris
- Purcellville
- Ranson
- Rosemont
- Round Hill
- Sandy Hook
- Shannondale
- Shenandoah Junction
- Shenandoah Retreat
- Shepherdstown
- Stephenson
- Summit Point
- Trego-Rohrersville Station
- Upperville
- Waterford
- Wilson-Conococheague
- Winchester
Neighborhoods in Martinsburg, WV
Downtown Martinsburg rent to own homesPopular Zip Codes in Martinsburg, WV
25401 rent to own homesBuying a Home in Martinsburg, WV
Martinsburg, WV is seeing rapid growth and Martinsburg, WV's' housing market remains optimal with an average home price that is -25% below the 2024 national average. Martinsburg, WV is part of Berkeley county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Berkeley is 0.58% which is below the national average, which is 0.99%.
Median Home Price in Martinsburg, WV
Median Rent in Martinsburg, WV
Top 5 Reasons to Live in Martinsburg
A growing community! Its proximity to Washington D.C. has made the city a sought-after area, and home prices have benefited. The area saw an 8.6 percent house price increase in recent years, with further increases expected. With a low median house price of $174,000, the city is significantly less expensive than the nearby towns of Shepherdstown and Saint James. With a median rent price of $645, rent to own homes offer even more value for buyers.
Enjoy the arts! The Apollo Civic Theatre entertains residents with everything from musical acts to talent shows and plays put on by local actors. For unique pieces from local artists, residents can check out stores like Queen Street Gallery and Red Brick Gallery. The true art enthusiast can even take classes at the Berkeley Arts Council.
Historic charm! Founded in 1778, Martinsburg has a rich history, and it is evident in a number of historic sites, including the buildings of the entire downtown area. The Belle Boyd House gives insight into the history of Virginia, while the Adam Stephen House displays numerous artifacts dating back to the early days of the town.
A day on the town! Main Street features one-of-a-kind businesses like Mason's Candy, Mel's Smells and Southwood Books feature local products. When it's time to eat, an eclectic mix of restaurants ranges from homemade pizza to Chinese cuisine and authentic Mexican food. Events throughout the year at War Memorial Park is another big draw and feature everything from concerts to festivals.
Don't fight for your dream home! Martinsburg boasts a large vacancy rate, meaning buyers will be able to find what they are looking for without the hassle. New buyers will find that over 13 percent of homes in Martinsburg are vacant, leaving numerous options to choose from in neighborhoods like Hedgesville and Rosemont.