The Most Affordable Neighborhoods in Martinsville, IL by Home Value

These days, finding an affordable place to live in the Martinsville area can be challenging. Home prices in Martinsville are now at a median cost of $103,026, lower than the Illinois average of $300,242.

The average cost of rent is $742/mo in Martinsville, primarily driven by the current value of real estate in the Martinsville area. In Martinsville, 15.11% of households rent, and 50.17% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Martinsville is $5,682 per month. Households that rent pay about 13.06% of their income on rent here. Martinsville’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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