Zip 57551 (Martin, SD) Housing

In Martin, SD (57551) the median housing value is currently $125,800, which is substantially lower than the US median value of $338,100. Despite this gap in values, homeowners in Martin have seen significant appreciation over the past year at 14.45%, nearly double the US average of 8.27%. This indicates that investments in housing in Martin are likely to remain a good choice in the coming months as the trend of high appreciation continues.

The median home cost in Martin (zip 57551) is $125,800. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Martin (zip 57551) is up 17.2%.

Average Age of Homes

- The median age of Martin (zip 57551) real estate is 50 years old

The Rental Market in Martin (zip 57551)

- Renters make up 34.2% of the Martin (zip 57551) population
- 2.2% of houses and apartments in Martin (zip 57551), 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	Martin, South Dakota	United States
	925.0	139,647,020.0
	55	42
	$125,800	$338,100
	17.2%	16.6%
	51.6%	57.0%
	81.4%	101.1%
	$14.02	$10.98
	$1,431	$2,690
	48.0%	57.4%
	21.0%	11.2%
	31.0%	31.4%
Vacant Housing
	2.2%	1.9%
	1.1%	0.4%
	0.3%	0.7%
	0.5%	0.4%
	2.2%	3.6%
	14.7%	4.1%
Value of Owner-Occupied Housing
	5.9%	2.6%
	7.2%	2.4%
	5.6%	2.8%
	18.0%	3.9%
	12.4%	4.5%
	19.4%	11.3%
	2.7%	13.0%
	11.7%	20.1%
	5.6%	13.6%
	6.3%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	1.4%	2.2%
	3.8%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.5%	13.6%
	2.5%	13.6%
	11.0%	13.6%
	15.2%	13.2%
	15.9%	14.8%
	11.0%	13.6%
	10.8%	10.0%
	14.3%	4.7%
	16.8%	12.2%

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