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Martensdale

Learn about the people, housing, costs and businesses in Martensdale, Iowa

Median Home$317,400
Median Rent$1,068/month
Population462
Leading IndustriesWholesale Trade · Education16% wholesale trade
Home Value Growth⬆⬆+16.7% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners88% of occupied units
NotableHigh Incomes$101k/year · top 17% nationally
NotableHighly Educated24% hold a bachelor's degree · top 21% nationally
Martensdale
IA

Frequently Asked Questions

What are today's mortgage rates in Martensdale?

As of today, the 30-year fixed mortgage rate for Martensdale is approximately 6.978% (7.020% 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 Martensdale?

The median home value in Martensdale is $317k. The median monthly rent is $1,068. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Martensdale?

Home values in Martensdale have increased 16.7% 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 Martensdale?

Based on a typical all-in ownership cost of $1,406/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $60k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Martensdale is $101k/year.

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What industries drive the economy in Martensdale?

The largest employment sectors in Martensdale are public administration (17%) and wholesale trade (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.