Martinsville, IN 46151 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Martinsville, IN—46151

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$286,000

2.7% YoY Growth

Household Income

$77,700

30.1% YoY Growth

Days on Market

3.0% Shorter YoY

Home Price Forecast

2.7%

Median Rent

$1,140

19.1% YoY Growth

1-Bed Rent

$875

9.0% YoY Growth

2-Bed Rent

$1,140

4.5% YoY Growth

3-Bed Rent

$1,540

17.6% YoY Growth

Home Price Trends — Martinsville, IN

As of Dec '25, the median home price in Martinsville, IN is $286,000, with a year-over-year change of 2.7%. This indicates that home prices in Martinsville, IN are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$286,000	2.7%
Single Family	$288,000	2.5%
Condos	$201,000	2.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Martinsville, IN

As of July '25, Rentcast reports the average rent in Martinsville, IN is $1,140, with a year-over-year rent change of -19.1%. Per bedroom, the median rent as of July '25 in Martinsville, IN is 1-bedrooms: $910, 2-bedrooms: $1,170, 3-bedrooms: $1,540. The most common rental property sizes in Martinsville, IN are 2-bedroom and 3-bedroom, accounting for 50.8% and 27.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,140	$1,140
Studio Rent	N/A	N/A
1 Bed Rent	$875	$910
2 Bed Rent	$1,140	$1,170
3 Bed Rent	$1,540	$1,540
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

0.3%

1 Bedroom

16.5%

2 Bedrooms

50.8%

3 Bedrooms

27.8%

4 Bedrooms

3.8%

5+ Bedrooms

0.8%

Property Listings — Martinsville, IN

As of Dec '25, Realtor.com reports that the median days on market for a home in Martinsville, IN is 58. This is a decrease of -12.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 37.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$352,000	5.0%
Listing Count	116	8.0%
Listings as % of Homes	0.7%	8.0%
Days on Market	74	-3.0%

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Demographics — Martinsville, IN

As of the latest ACS Survey released in 2023, Martinsville, IN has a population of 32,300, which has increased by 1.7% over the past 5 years. Martinsville, IN is a moderately popular place for families, as children make up 22.4% of the population. The area has a poorly educated workforce, with 19.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	32,300	1.7%
% Under 18	22.4%	-2.6%
% Seniors	16.3%	-2.4%
% WFH	11.7%	225.0%
% w/ College Degree	19.7%	15.9%

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As of the latest ACS Survey released in 2023, Martinsville, IN is a predominantly white area, with 95.3% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Martinsville, IN is hispanic, making up 1.5% of the population. Foreign-born residents account for 1.1% of the population in Martinsville, IN, and this percentage has decreased by 35.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	95.3%	-0.6%
% Black	0.4%	-42.9%
% Hispanic	1.5%	87.5%
% Asian	0.8%	-11.1%
% Foreign Born	1.1%	-35.3%

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Mortgage and Risk — Martinsville, IN

According to HUD data as of 2023, there were 747 mortgage originations in Martinsville, IN, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Martinsville, IN. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	747
% Conventional Loans	73.0%
% Government Loans	27.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	16.0%

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Rentals and Section 8 — Martinsville, IN

Martinsville, IN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	343
Total Units Section 8	343
% Rentals under Section 8	14.5%
% Occupied Section 8	93.4%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$165	$875	$1,040
2 Bedroom	$80	$1,140	$1,220
3 Bedroom	$50	$1,540	$1,590
4 Bedroom	N/A	N/A	$1,920

Martinsville, IN—46151

Key Metrics at a Glance

Home Price Trends — Martinsville, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Martinsville, IN

% of Rental Stock

Property Listings — Martinsville, IN

Demographics — Martinsville, IN

Race and Ethnicity

Mortgage and Risk — Martinsville, IN

Mortgages

Rentals and Section 8 — Martinsville, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Martinsville, IN

Home Price to Income Ratio

Martinsville, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Brooklyn

Mooresville, IN

Monrovia, IN

Paragon, IN

Unionville, IN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.3
Median Home Price	$286,000
Median Household Income	$77,700

Martinsville, IN—46151

Key Metrics at a Glance

Home Price Trends — Martinsville, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Martinsville, IN

% of Rental Stock

Property Listings — Martinsville, IN

Demographics — Martinsville, IN

Race and Ethnicity

Mortgage and Risk — Martinsville, IN

Mortgages

Rentals and Section 8 — Martinsville, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Martinsville, IN

Home Price to Income Ratio

Martinsville, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Brooklyn

Mooresville, IN

Monrovia, IN

Paragon, IN

Unionville, IN

Frequently Asked Questions

What is the average home price in Martinsville, IN 46151?

How have home prices in Martinsville, IN 46151 changed over the past year?

What is the home price projection for Martinsville, IN 46151?

What are the demographics of Martinsville, IN 46151?

How long does it take homes to sell in Martinsville, IN 46151?

What is the average rent price in Martinsville, IN 46151?