The housing market in Martin, MN is thriving. According to the data provided, the median value of a home in Martin is $286,700- significantly lower than the US house median value of $338,100. However, the 1 year house appreciation in Martin is 9.59%, which is 1.32% higher than the US average of 8.27%. This indicates that there has been a steady rise in home prices throughout Martin over the last year, making it an attractive investment option for potential homeowners and investors alike.
The median home cost in Martin is $286,700. Home appreciation the last 10 years has been 74.9%. Home Appreciation in Martin is up 14.8%.
Average Age of Homes
- The median age of Martin real estate is 74 years old
The Rental Market in Martin
- Renters make up 9.1% of the Martin population
- 2.7% 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.