Zip 46151 (Martinsville, IN) Housing

The housing market in 46151 Martinsville, IN is particularly strong. The median value of homes in this area is $251,800, which is significantly lower than the US house median value of $338,100. Despite this difference in values, the one year appreciation rate for houses here is 13.55%, much higher than the US average of 8.27%. This suggests that homes in this area are increasing in value at a faster rate compared to other areas across the country. Overall, Martinsville offers a good housing market for prospective buyers and investors alike.

The median home cost in Martinsville (zip 46151) is $251,800. Home appreciation the last 10 years has been 95.7%. Home Appreciation in Martinsville (zip 46151) is up 17.9%.

Average Age of Homes

- The median age of Martinsville (zip 46151) real estate is 42 years old

The Rental Market in Martinsville (zip 46151)

- Renters make up 23.8% of the Martinsville (zip 46151) population
- 2.2% of houses and apartments in Martinsville (zip 46151), 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, Indiana	United States
	13,065.0	139,647,020.0
	47	42
	$251,800	$338,100
	17.9%	16.6%
	66.2%	57.0%
	95.7%	101.1%
	$4.57	$10.98
	$805	$2,690
	73.1%	57.4%
	8.5%	11.2%
	18.4%	31.4%
Vacant Housing
	2.2%	1.9%
	0.0%	0.4%
	0.5%	0.7%
	0.4%	0.4%
	0.8%	3.6%
	4.7%	4.1%
Value of Owner-Occupied Housing
	3.5%	2.6%
	1.6%	2.4%
	4.0%	2.8%
	5.0%	3.9%
	6.9%	4.5%
	18.4%	11.3%
	20.1%	13.0%
	21.7%	20.1%
	11.0%	13.6%
	5.2%	8.3%
	1.9%	9.7%
	0.3%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.6%	0.2%
	10.5%	13.6%
	10.5%	13.6%
	17.6%	13.6%
	9.4%	13.2%
	14.6%	14.8%
	17.6%	13.6%
	11.1%	10.0%
	4.9%	4.7%
	16.0%	12.2%

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