Real Estate Market Update for 26757 (Romney, WV)
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Welcome to October's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was up 23% from one year earlier, and down 6% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 140-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 31%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 100-thousand dollars. The number of units sold decreased 50% year-over-year, and decreased 25% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 26757 (Romney, WV)
Area Information for 26757 (Romney, WV)
  • Population: 6,572
  • Median Age: 42.34 yr
  • Median Commute Time: 19.26 mins
  • Educational Climate*: 2
  • Sales Tax: 6%
  • Population Density: 47/sq mi
  • Population Change Since 2000: 13.53%
  • Closest Airport: Morgantown Municipal-walter L. Bill Hart Field
  • Closest College: Frostburg State University
  • Closest Jr. College: Potomac State Cllg Of West Virginia Univ
  • Median Household Income: $28,107
  • Annual Residential Turnover: 17.52%
  • Median Years in Residence: 3.51 yr
  • Closest Major Sports Team: Altoona Curve
  • Change Avg. Household Income Since 2000: 1%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 26757 (Romney, WV)
Median Age: 42.34 Married: 28% Number of Households: 2,552 Households with Children: 797
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 26757 (Romney, WV)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      West Virginia School For The Deaf-second 3.6 mi Public PRESCHOOL-12 0 4
      West Virginia School For The Blind 3.6 mi Public PRESCHOOL-12 0 3
      West Virginia School For The Deaf-elementary 3.6 mi Public PRESCHOOL-5 0 0
      Maranatha Christian Academy 3.6 mi Private 5-12 0 0
      Romney Elementary School 3.7 mi Public PRESCHOOL-5 1 0
      Romney Middle School 3.7 mi Public 6-8 3 1
      Hampshire County Career Training Center 3.9 mi Public PRESCHOOL-12 0 0
      Hampshire Senior High School 4.4 mi Public 9-12 1 3
      Potomac Center 4.4 mi Public K-12 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 26757 (Romney, WV)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.