41649, Martin, KY

The 41649 zip code of Martin, KY has a median home value of $128,000. This is higher than the national median home value of $123,500. The 41649 zip code also has a lower than average percentage of homeowners with mortgages at 57%. This is higher than the national mortgage percentage of 54%.

There are many factors that contribute to the high home values in the 41649 zip code. The most significant factor is likely the low number of homes that are available for sale in this area. There are only 121 homes available for sale in this zip code as compared to 902 homes that are available for sale nationwide. This scarcity drives up prices and makes it more difficult for potential buyers to find a home that meets their needs.

Another important factor contributing to high home values in the 41649 zip code is the fact that there is a high demand for housing here. The population density in this area is very low which means there is limited room for new residents to move into town. As a result, people who live here have more opportunity to buy and sell homes than people who live in more densely populated areas.

Finally, it should be noted that homeownership rates in the 41649 zip code are above average. This indicates that many people who live here have access to equity in their homes which can help them finance improvements or other expenses related to owning a home.