The housing market in Martinsville, IL is quite affordable with a median value of $83,000. This is significantly lower than the US house median value of $338,100. Although the US has seen an appreciation of 8.27% in the past year, Martinsville has only seen an appreciation of 7.94%. This may indicate that it is a good time to invest in this area as there is still potential for growth.
The median home cost in Martinsville is $83,000. Home appreciation the last 10 years has been 47.0%. Home Appreciation in Martinsville is up 9.4%.
Average Age of Homes
- The median age of Martinsville real estate is 65 years old
The Rental Market in Martinsville
- Renters make up 33.2% of the Martinsville population
- 3.7% of houses and apartments in Martinsville, 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.