Living in Martinsville, Indiana
Cost of living, income, home prices, rent and demographics of Martinsville · Census data 2020–2024
Martinsville has 11,933 residents with a median age of 38.2. The median household income is $60,177 (16% lower than the Indiana median), the median home value is $163,400, the median rent is $983/month.
Martinsville at a glance
- Population
- 11,933
- Median age
- 38.2State: 38.1
- Median household income
- $60,177State: $71,957
- Median home value
- $163,400State: $218,200
- Median rent
- $983/moState: $1,062
- Homeowners
- 63.3%
- Bachelor's degree or higher
- 12.6%
- Average commute
- 29 min
Is Martinsville a good place to live?
Pros: Home values 25% lower than the state median.
Cons: Median household income 16% lower than the Indiana median; an average commute of 29 minutes; unemployment of 4.4%; a poverty rate of 12.9%.
The weather is best in June to September.
Cost of living in Martinsville
Housing is the biggest part of the cost of living. In Martinsville the median home value is $163,400, 51% lower than the U.S. median. Renters pay a median of $983 per month, which is 29.8% of household income. Homeowners with a mortgage pay $1,226 a month in housing costs.
Martinsville median household income
The median household income in Martinsville is $60,177 and the income per person is $30,655. 12.9% of residents live below the poverty line (Indiana: 12.3%).
Housing in Martinsville: homes for sale and rent
- Housing units
- 5,536
- Owner-occupied
- 63.3%
- Renter-occupied
- 36.7%
- Vacant
- 11.4%Includes seasonal homes
- Median year built
- 1961
- Average household size
- 2.35
Martinsville demographics
- Population
- 11,933
- Median age
- 38.2
- Under 18
- 21.3%
- 65 and older
- 17%
- Households
- 4,907
- Foreign-born
- 1.8%
- Veterans
- 5.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Martinsville ›
Education in Martinsville
12.6% of adults 25 and older in Martinsville have a bachelor's degree or higher (Indiana: 29.5%), and 5.3% have a graduate or professional degree.
Jobs and commute in Martinsville
- Unemployment rate
- 4.4%State: 4.3%
- Average commute
- 29 minState: 24 min
- Work from home
- 11.3%
- Drive alone
- 77%
- Public transit
- 0%
- Walk to work
- 2.2%
- Homes with broadband
- 89.1%
Martinsville vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Martinsville | 11,933 | $60,177 | $163,400 | $983 |
| Browns Crossing | 658 | $143,750 | — | $1,326 |
| Painted Hills | 948 | $93,838 | $305,200 | — |
| Foxcliff Estates | 1,674 | $142,070 | $488,800 | — |
| Paragon | 537 | $73,750 | $104,100 | $1,019 |
| Brooklyn | 2,570 | $58,176 | $119,000 | $1,011 |
| Morgantown | 1,308 | $54,007 | $133,600 | $908 |
| Monrovia | 2,055 | $92,344 | $233,200 | $1,385 |
| Waverly | 967 | $49,063 | $238,800 | $1,051 |
More for people moving to Martinsville
Martinsville ZIP code ›Weather and climate ›Living in Martinsville: FAQ
What is the median household income in Martinsville, IN?
The median household income in Martinsville is $60,177, 16% lower than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Martinsville?
The median home value in Martinsville is $163,400, compared with $218,200 in Indiana.
How much is rent in Martinsville?
The median gross rent in Martinsville is $983 per month, about 29.8% of household income.
Is Martinsville, IN a good place to live?
Pluses: home values 25% lower than the state median. Minuses: median household income 16% lower than the Indiana median; an average commute of 29 minutes; unemployment of 4.4%; a poverty rate of 12.9%.
What is the median age in Martinsville?
The median age in Martinsville is 38.2 years (Indiana: 38.1).
How long is the commute in Martinsville?
The average commute to work in Martinsville is 29 minutes; 11.3% of workers work from home.
What is the unemployment rate in Martinsville?
The unemployment rate in Martinsville is 4.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Martinsville?
12.6% of adults in Martinsville have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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