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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 $125,508, lower than the Virginia average of $443,089.
The average cost of rent is $822/mo in Martinsville, primarily driven by the current value of real estate in the Martinsville area. In Martinsville, 35.92% of households rent, and 46.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Martinsville is $4,412 per month. Households that rent pay about 18.64% of their income on rent here. Martinsville’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Jones Creek, VA: higher priced homes
- Koehler, VA: less expensive homes
- Collinsville, VA: higher priced homes
- Horse Pasture, VA: equally priced homes
- Chestnut Knob, VA: higher priced homes
- Fieldale, VA: less expensive homes
- Stanleytown, VA: higher priced homes
- Ridgeway, VA: higher priced homes
- Figsboro, VA: higher priced homes
- Preston, VA: less expensive homes
Cities with Similar Populations
- Denver, NC: higher priced homes
- Tahlequah, OK: higher priced homes
- Steubenville, OH: higher priced homes
- Hartsville, SC: higher priced homes
- Harbor City, CA: higher priced homes
- Garden City, NY: higher priced homes
- Fresno, TX: higher priced homes
- Franklin, NC: higher priced homes
- Edgewater, FL: higher priced homes
- Dix Hills, NY: higher priced homes
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