The housing market in Martin, MI is thriving. The median value of a house is currently $194,600, which is significantly lower than the US median value of $338,100. Additionally, the one-year house appreciation rate in Martin, MI is 10.54%, higher than the national average of 8.27%. These statistics indicate that there are many opportunities for potential buyers and investors to benefit from real estate investments in this area at a relatively affordable price point.
The median home cost in Martin is $194,600. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Martin is up 14.9%.
Average Age of Homes
- The median age of Martin real estate is 75 years old
The Rental Market in Martin
- Renters make up 36.5% of the Martin population
- 2.4% 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.