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Martell

Learn about the people, housing, costs and businesses in Martell, Nebraska

Median Home$356,900
Median Rent$1,188/month
Population123
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services17% arts, food & hospitality
Home Value Growth⬆⬆+17.1% over 2 years
Young Adults40% of residentstop 3% nationally
Homeowners94% of occupied units
NotableHigh Incomes$124k/year · top 8% nationally
NotableHighly Educated28% bachelor's · 18% graduate · top 12% nationally
Martell
NE

Frequently Asked Questions

What are today's mortgage rates in Martell?

As of today, the 30-year fixed mortgage rate for Martell is approximately 6.825% (6.859% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Martell?

The median home value in Martell is $357k. The median monthly rent is $1,188. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Martell?

Home values in Martell have increased 17.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Martell?

Based on a typical all-in ownership cost of $1,204/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $52k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Martell is $124k/year.

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What industries drive the economy in Martell?

The largest employment sectors in Martell are public administration (26%) and healthcare (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.