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Martinsville, IN

Full City Profile · Indiana · Morgan County County

3.0 /5.0
B Good
11,913 Population 1,301/sq mi density
$56,186 Median Income $31,317 per capita
$140,400 Home Value $284,384 Zillow
$952 Median Rent 31.2% income on rent
52°F Avg Temperature 293 sunny days/yr
52 Violent Crime/100K 3,300 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$56,186 median income, 3.0% unemployment
A+
Affordability
5.0 / 5.0
$140,400 home value, $952/mo rent
F
Safety
1.0 / 5.0
52 violent crimes/100K
C
Education
2.1 / 5.0
13.6% bachelor's degree or higher

Housing Overview

Median Home Value
$140,400
50% below
US avg: $281,900
Median Rent
$952/mo
18% below
US avg: $1,163/mo
Homeownership Rate
63.5%
3% below US avg (65.4%)
Total Housing Units
5,112
Median year built: 1961

Home Value by Source

Census Median
$140,400
Zillow (ZHVI)
$284,384
Median Sale Price
$217,000
Median List Price
$245,194
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

63.5%
Owner-Occupied
36.5%
Renter-Occupied
64%
37%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$816/mo
1 Bedroom
$882/mo
2 Bedroom
$1,096/mo
3 Bedroom
$1,391/mo
4 Bedroom
$1,590/mo
Census median rent: $952/mo · Zillow rent: $1,048/mo

Market Indicators (Redfin)

Median Days on Market
79 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
13
Price Drops
21.1%
of listings with price reduction
Price Per Sq Ft
$145
Active Inventory
38
homes for sale

Affordability & Housing Stock

Rent Burden
31.2%
of renters spending 30%+ of income on housing
1% above US avg (31.0%)
Median Year Built
1961
Average age of housing stock: 65 years
Homeownership Rate
63.5%

Complete Housing Data

Home Values

Census Median Value$140,400
Zillow Home Value (ZHVI)$284,384
Median Sale Price$217,000
Median List Price$245,194
Price Per Sq Ft$145

Rent

Census Median Rent$952
Zillow Rent (ZORI)$1,048
FMR Studio$816
FMR 1-Bedroom$882
FMR 2-Bedroom$1,096
FMR 3-Bedroom$1,391
FMR 4-Bedroom$1,590

Market

Days on Market79
Sale-to-List Ratio1.0%
Price Drops21.1%
Homes Sold13
Active Inventory38
Price Per Sq Ft$145

Ownership & Stock

Owner-Occupied63.5%
Renter-Occupied36.5%
Homeownership Rate63.5%
Total Housing Units5,112
Median Year Built1961
Rent Burden31.2%