Much like its surrounding areas, it is substantially less expensive compared to the entire country. Compared to the city of Bloomington, it's a lot less expensive.
Home prices
The median home in Martinsville costs $98,500. In comparison to other places in this area it is about $5,180 (4%) lower.In comparison to the country as a whole it is roughly $119,000 (54%) lower, and it is approximately $102,200 (50%) lower compared to the city of Bloomington.
Rents
The median rent in Martinsville is $759 per month. It is about $62 (7%) lower compared to nearby areas.Compared to the rest of the nation it is roughly $303 (28%) lower, and it is roughly $158 (17%) lower compared to the city of Bloomington.
Nearby places
Paragon
Paragon is about 6 miles west of Martinsville. Real estate prices there are a lot less expensive. Paragon's median home cost is $72,200, which comes out to $26,300 (36%) lower than Martinsville. Rent there is similar. Paragon's median monthly rent is $773, which is $14 (1%) higher than Martinsville.
Morgantown
Morgantown is roughly 8 miles southeast of Martinsville. Housing prices there are similar. Morgantown's median home value is $95,000, which works out to $3,500 (3%) lower than Martinsville. Rents there are somewhat more expensive. The median monthly rent in Morgantown is $805, which works out to $46 (5%) higher than Martinsville.
Brooklyn
Brooklyn is approximately 8 miles north of Martinsville. Its housing prices are a little more expensive. The median home in Brooklyn costs $127,900, which works out to $29,400 (22%) higher than Martinsville. Rents there are a little more expensive. In Brooklyn the median rent is $932 per month, which comes out to $173 (18%) higher than Martinsville.
Monrovia
Monrovia is about 11 miles north of Martinsville. Housing prices there are a little more expensive. The price of the median home in Monrovia is $144,200, which is $45,700 (31%) higher than Martinsville. Rents there are a bit more expensive. In Monrovia the median rent is $938 per month, which comes out to $179 (19%) higher than Martinsville.
Gosport
Gosport is roughly 12 miles southwest from Martinsville. The real estate prices there are somewhat less expensive. The median home price in Gosport is $79,100, which works out to $19,400 (24%) lower than Martinsville. Its rents are somewhat less expensive. Gosport's median monthly rent is $656, which works out to $103 (15%) lower than Martinsville.
