The housing market in Martelle, IA is comparatively affordable with a median value of $243,900. This is significantly lower than the US House Median Value of $338,100. The US 1 year house appreciation rate is 8.27% whereas in Martelle it stands at only 4.75%. This suggests that the housing market in this town is evolving at a slower pace compared to other cities and towns around the country. Despite this, properties here are still highly desirable due to its relative affordability and attractive location.
The median home cost in Martelle is $243,900. Home appreciation the last 10 years has been 52.9%. Home Appreciation in Martelle is up 11.4%.
Average Age of Homes
- The median age of Martelle real estate is 69 years old
The Rental Market in Martelle
- Renters make up 23.0% of the Martelle population
- 3.0% of houses and apartments in Martelle, 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.