Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$200,997+2.3% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 36% have cut their price
Income needed to buy, per year$43,572About 0.6× the local median income ($69,890): affordable for a typical household
Days on market89 daysFaster than a year ago: sellers have the edge
The typical home in Martin County, IN is worth $200,997, up 2.3% from a year ago. That is well above what local incomes have historically supported: fair value is about $164,935, so the area is 21.9% overvalued. It is a buyer's market: homes take about 89 days to sell, listings are up 30% from a year ago, 36% of listings have had a price cut. A household needs about $43,572 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $69,890. In the latest IRS figures, 47 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$200,997
Change in 1 year
+2.3%
Overvalued %
+21.9%
Show 6 more
Fair home value
$164,935
Change in 5 years
+36.0%
Home value to income
2.9×
Monthly mortgage payment (20% down)
$1,089
Income needed to afford it
$43,572
Property tax rate
0.54%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,014
Market activity
Listings vs a year ago
+30.4%
Days on market
89
Listings with a price cut
36.4%
Show 3 more
Homes for sale
30
Pending sales per 100 listings
30
Asking price per sq ft
$143
People and jobs
Median household income
$69,890
Population change (1 year)
−0.3%
Unemployment rate
2.4%
Show 4 more
Population
9,856
Income adjusted for cost of living
$78,794
Net moves in (IRS)
+47
Cost of living (US = 100)
88.7
Schools, risk and environment
School rating (1 to 10)
5.5
FEMA hazard risk score (0 to 100)
12.3
Flood risk score
28.3
Show 3 more
Wildfire risk score
2.6
Walkability (1 to 20)
5.6
Road, rail and air noise
54 dB
Questions people ask
Is Martin County, IN overvalued?
Home prices in Martin County, IN are well above what local incomes have historically supported: fair value is about $164,935, so the area is 21.9% overvalued.
Is Martin County, IN a buyer's or seller's market?
Martin County, IN is a buyer's market: homes take about 89 days to sell, listings are up 30% from a year ago, 36% of listings have had a price cut.
Are home prices going down in Martin County, IN?
Home values in Martin County, IN are up 2.3% over the last year.
How much do you need to earn to buy a home in Martin County, IN?
A household needs about $43,572 a year to afford the typical home in Martin County, IN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $69,890.