Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$219,955+3.5% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 13% have cut their price
Income needed to buy, per year$47,682About 0.8× the local median income ($61,311): affordable for a typical household
Days on market80 daysSlower than a year ago: buyers have time to negotiate
The typical home in Martin County, MN is worth $219,955, up 3.5% from a year ago. That is well above what local incomes have historically supported: fair value is about $167,376, so the area is 31.4% overvalued. It is a balanced market, leaning toward buyers: homes take about 80 days to sell, listings are up 13% from a year ago, 13% of listings have had a price cut. A household needs about $47,682 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 $61,311. In the latest IRS figures, 127 more people moved out than in.
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
$219,955
Change in 1 year
+3.5%
Overvalued %
+31.4%
Show 6 more
Fair home value
$167,376
Change in 5 years
+30.8%
Home value to income
3.6×
Monthly mortgage payment (20% down)
$1,192
Income needed to afford it
$47,682
Property tax rate
1.02%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,014
Market activity
Listings vs a year ago
+12.7%
Days on market
80
Listings with a price cut
13.1%
Show 3 more
Homes for sale
80
Pending sales per 100 listings
34
Asking price per sq ft
$111
People and jobs
Median household income
$61,311
Population change (1 year)
−0.6%
Unemployment rate
4.2%
Show 4 more
Population
19,440
Income adjusted for cost of living
$71,375
Net moves in (IRS)
−127
Cost of living (US = 100)
85.9
Schools, risk and environment
School rating (1 to 10)
5.5
FEMA hazard risk score (0 to 100)
45.5
Flood risk score
39.3
Show 3 more
Wildfire risk score
18.0
Walkability (1 to 20)
6.9
Road, rail and air noise
52 dB
Questions people ask
Is Martin County, MN overvalued?
Home prices in Martin County, MN are well above what local incomes have historically supported: fair value is about $167,376, so the area is 31.4% overvalued.
Is Martin County, MN a buyer's or seller's market?
Martin County, MN is a balanced market, leaning toward buyers: homes take about 80 days to sell, listings are up 13% from a year ago, 13% of listings have had a price cut.
Are home prices going down in Martin County, MN?
Home values in Martin County, MN are up 3.5% over the last year.
How much do you need to earn to buy a home in Martin County, MN?
A household needs about $47,682 a year to afford the typical home in Martin County, MN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $61,311.