Zip 24112 (Martinsville, VA) Housing

The housing market in 24112 Martinsville, VA is quite robust. The median value for houses in the area is $103,600, which is significantly lower than the US House Median Value of $338,100. This provides a great opportunity to potential home buyers who are looking for an affordable place to live. In addition, the one year house appreciation rate in 24112 Martinsville, VA is 15.80%, compared to 8.27% nationally. This indicates that there has been strong growth in the housing market and could be a great investment for those looking to buy property in the region.

The median home cost in Martinsville (zip 24112) is $103,600. Home appreciation the last 10 years has been 55.9%. Home Appreciation in Martinsville (zip 24112) is up 15.8%.

Average Age of Homes

- The median age of Martinsville (zip 24112) real estate is 47 years old

The Rental Market in Martinsville (zip 24112)

- Renters make up 28.9% of the Martinsville (zip 24112) population
- 3.0% of houses and apartments in Martinsville (zip 24112), 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
	15,847.0	139,647,020.0
	52	42
	$103,600	$338,100
	15.8%	16.6%
	48.0%	57.0%
	55.9%	101.1%
	$9.57	$10.98
	$628	$2,690
	54.1%	57.4%
	19.9%	11.2%
	26.0%	31.4%
Vacant Housing
	3.0%	1.9%
	1.5%	0.4%
	1.0%	0.7%
	0.1%	0.4%
	1.0%	3.6%
	13.3%	4.1%
Value of Owner-Occupied Housing
	2.6%	2.6%
	8.5%	2.4%
	11.9%	2.8%
	14.9%	3.9%
	15.1%	4.5%
	21.3%	11.3%
	9.5%	13.0%
	9.6%	20.1%
	3.8%	13.6%
	1.1%	8.3%
	1.2%	9.7%
	0.2%	3.9%
	0.0%	2.2%
	0.2%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.7%	13.6%
	6.7%	13.6%
	10.8%	13.6%
	10.2%	13.2%
	19.9%	14.8%
	10.8%	13.6%
	17.8%	10.0%
	9.5%	4.7%
	7.5%	12.2%

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