The housing market in Martin, LA is strong with a median value of $122,300. This is much lower than the US median value of $338,100 and reflects the affordability of living in this area. In addition, although the US house appreciation rate for 1 year was 8.27%, the appreciation rate in Martin, LA was 5.41%, indicating that housing values still increased but at a slower rate than other areas nationwide. Overall, living in Martin, LA provides residents with access to reasonably priced homes and steady gains in property value over time.
The median home cost in Martin is $122,300. Home appreciation the last 10 years has been 31.9%. Home Appreciation in Martin is up 12.2%.
Average Age of Homes
- The median age of Martin real estate is 38 years old
The Rental Market in Martin
- Renters make up 9.8% of the Martin population
- 0.0% of houses and apartments in Martin, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.