According to statistics, the population in Martinsville, VA amounts to 13,256, which shows decline -2% compared to the previous year. The median age of the city’s residents is 42. The average household income is $33,545, shifting growth 6% from the past year, and the average property value in Martinsville, VA growth 2% to $90,100 throughout the year.
|Number Of Employees||5,359|
|Median Property Value||$90,100|
The average household income in Martinsville, VA grew from $31,719 to $33,545 in the past year. This data is an estimate based upon 5,740 households in Martinsville, VA . The chart below presents how household income is distributed in Martinsville, VA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Martinsville, VA shifted from $88,700 to $90,100 throughout the year. The subsequent graph indicates the share of properties in the given price range in Martinsville, VA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Martinsville, VA properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Martinsville, VA compared to median property taxes around the country. The prevalent amount of property taxes in Martinsville, VA equals $800, which is less than the national average.
|Apartment Size||Feb||vs Last Month|
|4+ bed apartments||$240,851||+10.4%|
During February 2023, the average price for an apartment in/near Martinsville, VA increased by 9.9% to $151,066.
Knowing the current property prices is key if you plan to buy a studio in Martinsville, VA. The average price for a studio has increased since the last month, currently being $116,564. Asking price for 2-bed apartment also increased by 1.7% and a place of this size will now cost you $86,861. A 3-bed apartment goes for $141,849, it decreased by 2.3% lately. We discerned the rise of 4- and more bed apartment price. It increased by 10.4% and made it up to $240,851.
|Listing Type||Feb||vs Last Month|
|Houses for sale||$154,712||+3.8%|
|Duplexes for sale||$63,433||+0%|
|Land for sale||$258,000||+853%|
Price reports demonstrate that house price increased by 3.8% this month making it up to $154,712. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $154,900. An average value of duplex is $63,433, thus a median price for a duplex remains the same this month. The average price of the land for sale in Martinsville, VA has increased by 853%, and now equals $258,000.