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Martinsville City

Learn about the people, housing, costs and businesses in Martinsville City

Median Home$102,352
Median Rent$822/month
Population13,658
Leading IndustriesHealthcare · Transportation · Arts, Food & Hospitality13% healthcare
Home Value Growth⬆⬆+14.8% over 2 years
Family-Friendly27% of residentswell above average
Homeowners55% of occupied units
NotableAmenity Score78/100 · highly walkable area
Martinsville City
VA

Frequently Asked Questions

What are today's mortgage rates in Martinsville City?

Mortgage rates for Martinsville City are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

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What is the median home price in Martinsville City?

The median home value in Martinsville City is $102k. The median monthly rent is $822. Annual property taxes average $780. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Martinsville City?

Home values in Martinsville City have increased 14.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Martinsville City?

Based on a typical all-in ownership cost of $803/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Martinsville City is $46k/year.

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What industries drive the economy in Martinsville City?

The largest employment sectors in Martinsville City are public administration (22%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

Nearby Areas

Adjacent counties and areas