Median price for residential apartments in Martinsville, IN as of Dec, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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68 Martinsville, IN 46151, USA apartments for sale
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Martinsville
According to statistics, the population in Martinsville, IN amounts to 11,647, which shows decline -1% compared to the previous year. The median age of the city’s residents is 40. The average household income is $42,092, shifting growth 3% from the past year, and the average property value in Martinsville, IN growth 3% to $96,300 throughout the year.
| Population | 11,647 |
| Median Age | 39.9 |
| Poverty Rate | 22% |
| Household Income | $42,092 |
| Number Of Employees | 5,002 |
| Median Property Value | $96,300 |
Household Income
The average household income in Martinsville, IN grew from $40,890 to $42,092 in the past year. This data is an estimate based upon 4,396 households in Martinsville, IN . The chart below presents how household income is distributed in Martinsville, IN in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Martinsville, IN shifted from $93,900 to $96,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Martinsville, IN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Martinsville, IN properties falls in the '$90,000 to $99,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Martinsville, IN compared to median property taxes around the country. The prevalent amount of property taxes in Martinsville, IN equals $800, which is less than the national average.
Housing Trends
How much does an apartment cost in Martinsville, IN 46151, USA
Average apartment sale in Martinsville: $278,722 (+9.2%)
| Apartment Size | Dec | vs Last Month |
|---|---|---|
| Studio apartments | $51,592 | +3.8% |
| 2-bed apartments | $234,263 | -6.2% |
| 3-bed apartments | $244,187 | +1.9% |
| 4+ bed apartments | $494,449 | +13.2% |
During Dec 2022, the average price for an apartment in/near Martinsville, IN increased by 9.2% to $278,722.
Knowing the current property prices is key if you plan to buy a studio in Martinsville, IN. The average price for a studio has increased since the last month, currently being $51,592. Asking price for 2-bed apartment also decreased by 6.2% and a place of this size will now cost you $234,263. A 3-bed apartment goes for $244,187, it increased by 1.9% lately. We discerned the rise of 4- and more bed apartment price. It increased by 13.2% and made it up to $494,449.
| Listing Type | Dec | vs Last Month |
|---|---|---|
| Houses for sale | $301,411 | +2.5% |
| Lofts for sale | $349,398 | +0% |
| Land for sale | $51,592 | +3.8% |
Price reports demonstrate that house price increased by 2.5% this month making it up to $301,411. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $230,000. The price statistics of lofts have not significantly changed, it now still goes for $349,398. The average price of the land for sale in Martinsville, IN has increased by 3.8%, and now equals $51,592.
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