Martinsville Metro Area, VA Housing

The housing market in the Martinsville, VA Metro Area is thriving with a median value of $102,100 – significantly lower than the US House median value of $338,100. The 1 year house appreciation in Martinsville is also higher than the US median at 14.38%, which demonstrates an overall positive trend for homeowners and potential buyers looking to invest in this region. There are many great opportunities for those looking to purchase or invest in property in this area and take advantage of the high appreciation rate.

The median home cost in Martinsville Metro Area is $102,100. Home appreciation the last 10 years has been 62.1%. Home Appreciation in Martinsville Metro Area is up 16.6%.

Average Age of Homes

- The median age of Martinsville Metro Area real estate is 45 years old

The Rental Market in Martinsville Metro Area

- Renters make up 25.5% of the Martinsville Metro Area population
- 2.8% of houses and apartments in Martinsville Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Martinsville, Virginia	United States
	32,610.0	139,647,020.0
	49	42
	$102,100	$338,100
	16.6%	16.6%
	50.5%	57.0%
	62.1%	101.1%
	$6.48	$10.98
	$582	$2,690
	55.5%	57.4%
	19.7%	11.2%
	24.7%	31.4%
Vacant Housing
	2.8%	1.9%
	1.3%	0.4%
	0.7%	0.7%
	0.2%	0.4%
	1.3%	3.6%
	13.4%	4.1%
Value of Owner-Occupied Housing
	3.8%	2.6%
	7.3%	2.4%
	10.3%	2.8%
	14.9%	3.9%
	16.8%	4.5%
	21.5%	11.3%
	11.4%	13.0%
	8.6%	20.1%
	2.7%	13.6%
	0.9%	8.3%
	1.3%	9.7%
	0.2%	3.9%
	0.0%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.8%	13.6%
	6.8%	13.6%
	12.3%	13.6%
	13.7%	13.2%
	19.9%	14.8%
	12.3%	13.6%
	14.3%	10.0%
	7.4%	4.7%
	6.7%	12.2%

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