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Martinsville, NJ
Full City Profile · New Jersey · Somerset County County
3.9
/5.0
B+
Good
12,016
Population
989/sq mi density
$206,839
Median Income
$90,694 per capita
$702,700
Home Value
$530,141 Zillow
$2,183
Median Rent
51.0% income on rent
51°F
Avg Temperature
275 sunny days/yr
164
Violent Crime/100K
1,527 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$206,839 median income, 1.5% unemployment
A+
Affordability
4.8 / 5.0
$702,700 home value, $2,183/mo rent
F
Safety
1.0 / 5.0
164 violent crimes/100K
A+
Education
5.0 / 5.0
71.9% bachelor's degree or higher
Housing Overview
Median Home Value
$702,700
149% above
US avg: $281,900
Median Rent
$2,183/mo
88% above
US avg: $1,163/mo
Homeownership Rate
94.5%
44% above US avg (65.4%)
Total Housing Units
4,342
Median year built: 1971
Home Value by Source
Census Median
$702,700
Zillow (ZHVI)
$530,141
Median Sale Price
$1,250,000
Median List Price
$716,450
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
94.5%
Owner-Occupied
5.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,599/mo
1 Bedroom
$1,759/mo
2 Bedroom
$2,132/mo
3 Bedroom
$2,658/mo
4 Bedroom
$3,005/mo
Census median rent:
$2,183/mo
Market Indicators (Redfin)
Median Days on Market
41 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
5
Price Drops
12.5%
of listings with price reduction
Price Per Sq Ft
$307
Active Inventory
8
homes for sale
Affordability & Housing Stock
Rent Burden
51.0%
of renters spending 30%+ of income on housing
65% above US avg (31.0%)
Median Year Built
1971
Average age of housing stock: 55 years
Homeownership Rate
94.5%
Complete Housing Data
Home Values
| Census Median Value | $702,700 |
| Zillow Home Value (ZHVI) | $530,141 |
| Median Sale Price | $1,250,000 |
| Median List Price | $716,450 |
| Price Per Sq Ft | $307 |
Rent
| Census Median Rent | $2,183 |
| FMR Studio | $1,599 |
| FMR 1-Bedroom | $1,759 |
| FMR 2-Bedroom | $2,132 |
| FMR 3-Bedroom | $2,658 |
| FMR 4-Bedroom | $3,005 |
Market
| Days on Market | 41 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 12.5% |
| Homes Sold | 5 |
| Active Inventory | 8 |
| Price Per Sq Ft | $307 |
Ownership & Stock
| Owner-Occupied | 94.5% |
| Renter-Occupied | 5.5% |
| Homeownership Rate | 94.5% |
| Total Housing Units | 4,342 |
| Median Year Built | 1971 |
| Rent Burden | 51.0% |