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.