Martinsville, VA Real Estate
According to census data in the year 2000 there were 7,249 housing units in Martinsville.
This represents a 0.8% decline from 7,310 in 1990.
Of those housing units, 7,249 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Martinsville is about 60.2%.
Martinsville's vacancy rate, including seasonal lodging, is about 10.4%.
Average household size is 2.27 people.
The majority of houses, apartments or condos in Martinsville were built after 1959.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 12% |
| Two Bedrooms | 36.10% |
| Three Bedrooms | 33.40% |
| Four Bedrooms | 13.80% |
| Five Bedrooms or more | 4.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.26 |
| Median year structure was built | 1958 |
| Median Value of occupied units | $69,100 |
| Median Price asked for vacant units | $44,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.28 |
| Median year structure was built | 1962 |
| Median Monthly Rent asked for vacant units | $347 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 5.90% |
| Home Equity Loan | 5.90% |
| Simple Mortgage | 43.60% |
| Debt Free | 44.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.6% |
