Living in Martinsville, Virginia
Cost of living, income, home prices, rent and demographics of Martinsville · Census data 2020–2024
Martinsville has 13,658 residents with a median age of 38.4. The median household income is $46,727 (50% lower than the Virginia median), the median home value is $98,400, the median rent is $808/month.
Martinsville at a glance
- Population
- 13,658
- Median age
- 38.4State: 39
- Median household income
- $46,727State: $93,170
- Median home value
- $98,400State: $383,700
- Median rent
- $808/moState: $1,579
- Homeowners
- 55.4%
- Bachelor's degree or higher
- 22.1%
- Average commute
- 21 min
Is Martinsville a good place to live?
Pros: Home values 74% lower than the state median; an average commute of 21 minutes; unemployment of 2.9%.
Cons: Median household income 50% lower than the Virginia median; a poverty rate of 23.5%.
The weather is best in April–May and September–October.
Cost of living in Martinsville
Housing is the biggest part of the cost of living. In Martinsville the median home value is $98,400, 70% lower than the U.S. median. Renters pay a median of $808 per month, which is 24.6% of household income. Homeowners with a mortgage pay $1,025 a month in housing costs.
Martinsville median household income
The median household income in Martinsville is $46,727 and the income per person is $30,603. 23.5% of residents live below the poverty line (Virginia: 9.9%).
Housing in Martinsville: homes for sale and rent
- Housing units
- 7,035
- Owner-occupied
- 55.4%
- Renter-occupied
- 44.6%
- Vacant
- 18.8%Includes seasonal homes
- Median year built
- 1958
- Average household size
- 2.32
Martinsville demographics
- Population
- 13,658
- Median age
- 38.4
- Under 18
- 26.8%
- 65 and older
- 16.7%
- Households
- 5,711
- Foreign-born
- 7.4%
- Veterans
- 6.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Martinsville ›
Education in Martinsville
22.1% of adults 25 and older in Martinsville have a bachelor's degree or higher (Virginia: 42.2%), and 8.2% have a graduate or professional degree.
Jobs and commute in Martinsville
- Unemployment rate
- 2.9%State: 4.3%
- Average commute
- 21 minState: 27 min
- Work from home
- 10%
- Drive alone
- 79.5%
- Public transit
- 0%
- Walk to work
- 0.4%
- Homes with broadband
- 86%
Martinsville vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Martinsville | 13,658 | $46,727 | $98,400 | $808 |
| Villa Heights | 601 | $25,797 | $121,900 | — |
| Collinsville | 7,139 | $52,158 | $146,700 | $746 |
| Chatmoss | 1,563 | $73,643 | $224,900 | — |
| Laurel Park | 553 | $41,700 | $145,800 | — |
| Fieldale | 783 | $45,114 | $93,300 | — |
| Horse Pasture | 2,236 | $54,216 | $123,600 | $855 |
| Stanleytown | 1,386 | $40,000 | $143,900 | $630 |
| Ridgeway | 1,051 | $76,875 | $164,300 | $727 |
More for people moving to Martinsville
Martinsville ZIP code ›Weather and climate ›Living in Martinsville: FAQ
What is the median household income in Martinsville, VA?
The median household income in Martinsville is $46,727, 50% lower than the Virginia median of $93,170 (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 $98,400, compared with $383,700 in Virginia.
How much is rent in Martinsville?
The median gross rent in Martinsville is $808 per month, about 24.6% of household income.
Is Martinsville, VA a good place to live?
Pluses: home values 74% lower than the state median; an average commute of 21 minutes; unemployment of 2.9%. Minuses: median household income 50% lower than the Virginia median; a poverty rate of 23.5%.
What is the median age in Martinsville?
The median age in Martinsville is 38.4 years (Virginia: 39).
How long is the commute in Martinsville?
The average commute to work in Martinsville is 21 minutes; 10% of workers work from home.
What is the unemployment rate in Martinsville?
The unemployment rate in Martinsville is 2.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Martinsville?
22.1% 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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