The housing market in Martin, SD is strong and growing. According to the data, the median value of a home in Martin is $109,800 which is significantly lower than the US median house value of $338,100. This means that homeowners in Martin have more affordable housing options. Moreover, the 1 year house appreciation rate in Martin is 14.45%, which is higher than the national average of 8.27%. This shows that the real estate market in Martin has been increasing in recent years and could be a great place to invest for those looking to buy or sell a home.
The median home cost in Martin is $109,800. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Martin is up 17.2%.
Average Age of Homes
- The median age of Martin real estate is 54 years old
The Rental Market in Martin
- Renters make up 35.5% of the Martin population
- 3.2% 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.