Martin, TN—38237
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Martin, TN
As of Oct '25, the median home price in Martin, TN is $210,000, with a year-over-year change of 3.6%. This indicates that home prices in Martin, TN are increasing. According to Zillow, the 1-year price projection is 4.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $210,000 | 3.6% |
| Single Family | $211,000 | 4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Martin, TN
As of July '25, Rentcast reports the average rent in Martin, TN is $941, with a year-over-year rent change of 0.6%. Per bedroom, the median rent as of July '25 in Martin, TN is 1-bedrooms: $762, 2-bedrooms: $910, 3-bedrooms: $1,070, 4-bedrooms: $1,000. The most common rental property sizes in Martin, TN are 2-bedroom and 3-bedroom, accounting for 46.1% and 26.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $941 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $675 | $762 |
| 2 Bed Rent | $900 | $910 |
| 3 Bed Rent | $1,100 | $1,070 |
| 4 Bed Rent | $1,000 | $1,000 |
% of Rental Stock
Property Listings — Martin, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Martin, TN is 63. This is a increase of 20.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $244,000 | -8.0% |
Listing Count | 53 | 29.0% |
| Listings as % of Homes | 0.4% | 29.0% |
Days on Market | 63 | 20.0% |
Demographics — Martin, TN
As of the latest ACS Survey released in 2023, Martin, TN has a population of 15,300, which has decreased by -4.6% over the past 5 years. Martin, TN is a moderately popular place for families, as children make up 16.8% of the population. The area has a moderately educated workforce, with 28.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,300 | -4.6% |
% Under 18 | 16.8% | 0.6% |
% Seniors | 15.0% | -2.0% |
% WFH | 8.3% | 492.9% |
% w/ College Degree | 28.2% | -6.9% |
As of the latest ACS Survey released in 2023, Martin, TN is a predominantly white area, with 76.5% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Martin, TN is black, making up 13.4% of the population. Foreign-born residents account for 3.8% of the population in Martin, TN, and this percentage has increased by 40.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 76.5% | -4.5% |
% Black | 13.4% | -3.6% |
% Hispanic | 3.5% | 9.4% |
% Asian | 2.0% | 566.7% |
% Foreign Born | 3.8% | 40.7% |
Mortgage and Risk — Martin, TN
According to HUD data as of 2023, there were 200 mortgage originations in Martin, TN, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Martin, TN. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 200 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Martin, TN
Martin, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 234 |
Total Units Section 8 | 195 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $85 | $675 | $760 |
| 2 Bedroom | $40 | $900 | $940 |
| 3 Bedroom | $30 | $1,100 | $1,130 |
| 4 Bedroom | $580 | $1,000 | $1,580 |
Affordability — Martin, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $210,000 |
| Median Household Income | $49,300 |