Market Overview
Home Prices in Martelle, IA
The median home value in Martelle, IA is $311,432 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.5% compared to a year ago and up 4.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Martelle are priced24% below average. Martelle is part of the Cedar Rapids, IA metro area.
Over the past five years, Martelle home values have risen by approximately38.9%, reflecting strong long-term appreciation in this market.
Price History
Martelle Home Price Trend
City Comparison
Martelle vs. National Median
At $311,432, homes in Martelle cost 24% below the national median of $410,000. This makes Martelle a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Martelle?
20% Down Payment
$62,286
on $311,432
Monthly P&I
$1,624/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,062/mo
incl. taxes & insurance
Income Needed
$82,480
gross annual (30% rule)
10% Down Option
$31,143
+ PMI applies
Loan Amount (20% dn)
$249,146
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Martelle, IA?
The median home value in Martelle is $311,432 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.5% year-over-year.
How much have home prices changed in Martelle?
Over the past year, home values in Martelle have increased by 8.5%. Over five years, prices have risen approximately 38.9%.
How much do I need to earn to buy a home in Martelle?
To comfortably afford the median home price of $311,432 with a 20% down payment ($62,286) at today's rates (6.8%), you'd need a gross annual income of approximately $82,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Martelle compare to the national average home price?
The national median home value is approximately $410,000. At $311,432, homes in Martelle are 24% below the national average.
What metro area is Martelle part of?
Martelle is part of the Cedar Rapids, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.