The housing market in Martinsville city, VA County is relatively affordable compared to the national average. The median value of homes there is $88,100, while the national median value is nearly four times higher at $338,100. Furthermore, the appreciation rate for homes in Martinsville city has been particularly strong over the past year with a 12.39% increase compared to the US average of 8.27%. This makes it a great place to buy and hold property as homeowners can expect to see a good return on their investment over time.
The median home cost in Martinsville City County is $88,100. Home appreciation the last 10 years has been 55.9%. Home Appreciation in Martinsville City County is up 15.8%.
Average Age of Homes
- The median age of Martinsville City County real estate is 55 years old
The Rental Market in Martinsville City County
- Renters make up 37.5% of the Martinsville City County population
- 4.1% of houses and apartments in Martinsville City County, 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.