The housing market in Martinsville, VA is thriving. The median value of homes in the area currently stands at $106,800 which is significantly lower than the US median house value of $338,100. Over the past year, home values have appreciated by 15.80%, well above the national average of 8.27%. This shows that Martinsville is a great place to invest in real estate and a great place to live.
The median home cost in Martinsville is $106,800. Home appreciation the last 10 years has been 55.9%. Home Appreciation in Martinsville is up 15.8%.
Average Age of Homes
- The median age of Martinsville real estate is 55 years old
The Rental Market in Martinsville
- Renters make up 37.5% of the Martinsville population
- 4.1% 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.