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Affordable
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These days, finding an affordable place to live in the Martensdale area can be challenging. Home prices in Martensdale are now at a median cost of $284,500, higher than the Iowa average of $226,062.
The average cost of rent is $1,078/mo in Martensdale, primarily driven by the current value of real estate in the Martensdale area. In Martensdale, 13.65% of households rent, and 35.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Martensdale is $8,300 per month. Households that rent pay about 12.99% of their income on rent here. Martensdale’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Prole, IA: higher priced homes
- Bevington, IA: higher priced homes
- Spring Hill, IA: higher priced homes
- St. Marys, IA: higher priced homes
- St. Charles, IA: equally priced homes
- Hanley, IA: equally priced homes
- Cumming, IA: higher priced homes
- Norwalk, IA: higher priced homes
- Patterson, IA: higher priced homes
- Medora, IA: higher priced homes
Cities with Similar Populations
- Pinkerman, OH: less expensive homes
- North Benton, MN: higher priced homes
- North Courtland, AL: less expensive homes
- Oil Trough, AR: less expensive homes
- Old Ripley, IL: less expensive homes
- Paris, IA: less expensive homes
- Pattersonville, OH: less expensive homes
- Philadelphus, NC: less expensive homes
- Pin Hook, NC: less expensive homes
- Newport, MO: equally priced homes
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