Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$110,817−5.9% YoY · prices are falling fast
Market right nowBalanced market0% have cut their price
Income needed to buy, per year$24,023About 0.5× the local median income ($48,663): affordable for a typical household
Days on market6 days
The typical home in Martinsville City, VA is worth $110,817, down 5.9% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $108,801, so the area is 1.9% overvalued. It is a balanced market: homes take about 6 days to sell, 0% of listings have had a price cut. A household needs about $24,023 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 $48,663. Typical rent is $958 a month. In the latest IRS figures, 37 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
$110,817
Change in 1 year
−5.9%
Overvalued %
+1.9%
Show 6 more
Fair home value
$108,801
Change in 5 years
+43.7%
Home value to income
2.3×
Monthly mortgage payment (20% down)
$601
Income needed to afford it
$24,023
Property tax rate
0.77%
Rent and investing
Typical rent
$958
Price-to-rent ratio
9.6×
HUD Fair Market Rent, 2 bedrooms
$943
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Gross rental yield
10.37%
Cap rate (estimate)
6.74%
Market activity
Days on market
6
Listings with a price cut
0.0%
Homes for sale
0
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Asking price per sq ft
$30
People and jobs
Median household income
$48,663
Population change (1 year)
+0.4%
Unemployment rate
2.9%
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Population
13,849
Income adjusted for cost of living
$55,049
Net moves in (IRS)
−37
Cost of living (US = 100)
88.4
Schools, risk and environment
School rating (1 to 10)
3.5
FEMA hazard risk score (0 to 100)
9.6
Flood risk score
23.1
Show 3 more
Wildfire risk score
0.6
Walkability (1 to 20)
7.1
Road, rail and air noise
53 dB
Questions people ask
Is Martinsville City, VA overvalued?
Home prices in Martinsville City, VA are slightly above what local incomes have historically supported: fair value is about $108,801, so the area is 1.9% overvalued.
Is Martinsville City, VA a buyer's or seller's market?
Martinsville City, VA is a balanced market: homes take about 6 days to sell, 0% of listings have had a price cut.
Are home prices going down in Martinsville City, VA?
Home values in Martinsville City, VA are down 5.9% over the last year.
How much do you need to earn to buy a home in Martinsville City, VA?
A household needs about $24,023 a year to afford the typical home in Martinsville City, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $48,663.