Skip to main content

EconPulse

Local economy signal dashboard

Saved
PLACEThriving

Martinsburg, WV

Thriving overall. GDP / Output is the clearest support signal, while jobs needs the most attention. Housing reads as affordable for a median-income household.

Post on XLinkedIn
Overall score76out of 100
Compare
100
48
98
68
100

Population

18,904

Data freshness

Unknown

GDP / Output

+8.7% YoY

100

$6.1B

Output changed +8.7% in 2024.

Vintage date unknown

State growth4.9%
U.S. growth5.3%

Jobs

Unemployment rate

48

5.2%

Unemployment is 5.2% for Latest available.

Vintage date unknown

State avg4.2%
U.S. avg5.2%

Population

+7.9% 5-year

98

18,904

Population moved +7.9% over the latest ACS window.

Vintage date unknown

State population1,778,373
U.S. population334,922,499

Housing

Rent share of income

68

23.2%

Median rent consumes 23.2% of median household income: Affordable.

Vintage date unknown

State rent$872
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$9.0K per resident

100

$1.1B

$1.1B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$23.8B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$1.1B

$9.0K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$632.8M
2. Department of Veterans Affairs$310.0M
3. Department of Homeland Security$66.8M

Top recipients

Dollars
1. MAVERIS LLC$98.0M
2. SYNERGY BUSINESS INNOVATION & SOLUTIONS INC.$45.9M
3. WVDOT DIVISION OF HIGHWAYS$22.7M

Affordable

Housing Affordability

23.2%

of median income

1BR estimate$943
2BR estimate$1,242
Median income$59,555
Median home value$240,000

ACS context

Quick Facts

Population

18,904

Median age

37.4

Bachelor's degree+

24.7%

Poverty rate

19.8%

Labor force participation

66.2%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-31

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+1.5%

GDP CAGR

+7.2%

Federal flow

5 years

Population (5 years)
202017,517
202118,502
202218,678
202318,805
202418,904
GDP (5 years)
2020$4.3B
2021$4.7B
2022$5.1B
2023$5.6B
2024$6.1B

2-year linear forecast

Predictive Outlook

Population forecast

202418,904
202519,404 *
202619,712 *

R² = 75.6% · * projected

GDP forecast

2024$6.1B
2025$6.5B *
2026$7.0B *

R² = 99.6% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$59,555/yr
Median rent$1,150/mo
Rent share of income23.2%
Est. mortgage (30yr, 6.5%)$14,563/yr
Mortgage share of income24.5%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate5.2%
State avg4.2%
U.S. avg5.2%
Labor force participation66.2%
Poverty rate19.8%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$240,000
Median monthly rent$1,150
Price-to-rent ratio17.4x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateStrong
Composite score81/100
Economic growth100/100
Labor market48/100
Population momentum98/100
Overall stability76/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Martinsburg city, West Virginia

City/Town

Part of

Hagerstown-Martinsburg, MD-WV

Nearby locations

Hedgesville, WVInwood, WVFalling Waters, WVShepherdstown, WVShenandoah Junction, WV