New Martinsville, WV
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the New Martinsville short-term rental market based on reliable data.
Listings
12 / 20
Reliable / Active
Cap Rate
17%
Middle-Earners Gross Yield
Revenue
$23,377
Middle-Earners Revenue
Occupancy
77%
Middle-Earners Occupancy
Home Value
$135,306
Median Home Sale Price
Top Earners
$35,624
Top-Earners Revenue
New Martinsville
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in New Martinsville.
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Challenging to Investors
New Martinsville Regulations
Regulatory framework appears permissive but lacks clarity and specificity for STR operations. While basic business licensing and tax obligations exist, information is outdated (2019), contains jurisdiction confusion between Martinsville VA and New Martinsville WV, and missing critical details like zoning restrictions, permit costs, operational caps, and enforcement policies. The need to make numerous verification calls to understand basic requirements adds compliance uncertainty and risk.
Local STR Agent
STR specialist · New Martinsville, WV
About New Martinsville
New Martinsville is a city in and the county seat of Wetzel County, West Virginia, United States, along the Ohio River. The population was 5,186 at the 2020 census.