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Martinsville city Housing Market

Virginia · 133 counties · Ranked #182 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$92,500

vs national$92,500 vs $281,900 national

Median Gross Rent

$784/mo

vs national$784 vs $1,163 national

Effective Tax Rate

0.81%

vs national0.81% vs 1.02% national

Median Household Income

$42,434

vs national$42,434 vs $74,755 national

Affordability Ratio

2.2x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

26.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$746

Tax as % of Home Value

0.81%

Monthly Owner Cost

$710

Renter Income

$32,348

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Frequently Asked Questions

What is the median home value in Martinsville city?

The median home value in Martinsville city is $92,500. This is below the national median of $281,900.

How much is rent in Martinsville city?

The median gross rent in Martinsville city is $784 per month.

What is the property tax rate in Martinsville city?

The effective property tax rate in Martinsville city is 0.81%. The median annual property tax bill is $746.

Is Martinsville city affordable?

With a home-value-to-income ratio of 2.2x, Martinsville city is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.