In Martinsville, a typical home is worth $163,400 and typical rent is $983 a month. Compared with all of Morgan County, the typical home value is 31% lower, typical household income is 24% lower, and the share of households that own their home is 19 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $230,172 to $294,626.
Typical rent
$1,243a month
Typical rent from Zillow, June 2026 to September 2026: from $1,217 to $1,243.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Martinsville is in Morgan County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Morgan County. See the county
What this place has that others do not, from public data, most unusual first.
1
63% of households in Martinsville own their home, against 82% in Morgan County.
2
The typical home in Martinsville is worth $163,400,31% less than in Morgan County as a whole ($237,600).
3
The typical household income in Martinsville is $60,177,24% less than in Morgan County as a whole ($79,429).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Martinsville
What homes there are in Martinsville, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Martinsville
Morgan County
Indiana
United States
Kind of home: Martinsville and its comparisons
Measure
Martinsville
Morgan County
Indiana
United States
Detached house
72%
83%
73%
61%
Attached house
5%
3%
4%
6%
Building of 2 to 4
10%
4%
6%
8%
Apartments (5 or more)
9%
4%
13%
19%
Mobile home
5%
6%
4%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Martinsville, 7 in 10 homes are single-family detached houses; in Morgan County, 8.
Year built
Before 19601960–19791980–19992000–20092010 or later
Martinsville
Morgan County
Indiana
United States
Year built: Martinsville and its comparisons
Measure
Martinsville
Morgan County
Indiana
United States
Before 1960
49%
25%
31%
26%
1960–1979
22%
24%
24%
24%
1980–1999
16%
29%
23%
25%
2000–2009
8%
13%
12%
14%
2010 or later
5%
9%
10%
11%
Homes in Martinsville are older: the typical year built is 1961; in Morgan County, 1981.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K21%
$100K–$200K46%
$200K–$300K25%
$300K–$500K5%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Martinsville and its comparisons
Measure
Martinsville
Under $100K
21%
$100K–$200K
46%
$200K–$300K
25%
$300K–$500K
5%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable
The FHA limit for Morgan County is high ($541,287): at least 97% of owner-occupied homes in Martinsville are worth less than $500,000.
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50012%
$500–$99942%
$1,000–$1,49933%
$1,500–$1,999Unreliable
HUD fair market rent, 2 bedrooms: $1,536
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Martinsville and its comparisons
Measure
Martinsville
Under $500
12%
$500–$999
42%
$1,000–$1,499
33%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable estimate
HUD's 2-bedroom fair market rent for Morgan County is high ($1,536): at least 87% of rents in Martinsville cost less than $1,500.
With a mortgage
$1,226 a month
Morgan County: $1,426 a month
Without a mortgage
$442 a month
Morgan County: $536 a month
Owners with a mortgage
64%
Morgan County: 65%
Owning costs less in Martinsville: with a mortgage, the typical cost is $1,226 a month; in Morgan County, $1,426. Without one, $442.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Martinsville+66%
Morgan County+48%
Indiana+54%
United States+53%
Typical rent
Martinsville+30%
Morgan County+25%
Indiana+29%
United States+33%
Typical household income
Martinsville+34%
Morgan County+24%
Indiana+28%
United States+29%
Change since 2015–2019: Martinsville and its comparisons
Measure
Martinsville
Morgan County
Indiana
United States
Typical home value
+66%
+48%
+54%
+53%
Typical rent
+30%
+25%
+29%
+33%
Typical household income
+34%
+24%
+28%
+29%
Since 2015–2019, homes in Martinsville gained value faster than in Morgan County: 66% against 48%.
Since 2015–2019, the typical rent in Martinsville rose 30%, more than in Morgan County (25%).
The typical household income in Martinsville rose 34% over that time; home values changed +66% and rent +30%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Martinsville and its comparisons
Measure
Martinsville
Morgan County
Indiana
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
5.6%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
Unreliable estimate
Unreliable estimate
1.8%
3.4%
People per household
2.35
2.54
2.46
2.53
Drive alone
77%
79%
76%
69%
Carpool
8%
8%
9%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
1%
2%
3%
Work from home
11%
12%
11%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
Unreliable estimate
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
Households in Martinsville are smaller: 2.35 people on average; in Morgan County, 2.54.
To get to work, 77% of workers in Martinsville drive alone; in Morgan County, 79%.
Do the math
What would you pay each month for a home in Martinsville?
A typical home is within reach of the typical income
We start with a typical home in Martinsville, worth $163,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 26% of the typical household income in Martinsville, which is $60,177 a year.
The calculator's FHA and conventional loan limits are those of all of Morgan County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Martinsville. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $5,719 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,302
at 7.18% · 30 years
Loan amount
$160,440
Total interest
$230,836
Paid off in
November 2056
Includes $2,759 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,404 a month
Your payment · 26%
Tight
$1,404 to $1,805 a month
Hard
more than $1,805 a month
Compared with the typical household income in Martinsville ($60,177 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,087
Property tax
$75
Home insurance
$68
FHA mortgage insurance (MIP)
$72
You need at least $5,719 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,302; principal and interest $1,087.
The city and its county
Martinsville and Morgan County
Martinsville is in Morgan County, Indiana. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Martinsville
Map of Morgan County, Indiana, with Martinsville marked. Around it, the neighboring counties.
Martinsville
Morgan County
Other cities with a page
Martinsville's own numbers
Typical home value
$163,400
Typical monthly rent
$983
Typical yearly household income
$60,177
Households that own their home
63%
Effective property tax rate
0.55%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Morgan County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,536
Price change over 5 years (FHFA)
+55%
Homes in a high flood-risk zone
1.8%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Morgan County.
A typical home in Martinsville is worth $163,400: 31% below the county and 25% below Indiana. With the typical household income in Martinsville ($60,177 a year), a typical home costs 2.7 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Martinsville2.7 years
Morgan3.0 years
Indiana3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Morgan County
According to FHFA’s house price index, home prices in Morgan County rose 97% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Morgan County.
Yearly change in FHFA’s price index in Morgan County, 2016 to 2025
2016: +3.3% +3.3% 2016
2017: +4.0% +4.0% 2017
2018: +8.2% +8.2% 2018
2019: +4.4% +4.4% 2019
2020: +4.6% +4.6% 2020
2021: +13.4% +13.4% 2021
2022: +17.3% +17.3% 2022
2023: +6.1% +6.1% 2023
2024: +5.0% +5.0% 2024
2025: +4.5% +4.5% 2025
Change in FHFA’s price index in Morgan County, Indiana and the United States
Period
County
Indiana
U.S.
Last year (2025)
+4.5%
+4.3%
+2.9%
5 years (2020–2025)
+55%
+53%
+47%
10 years (2015–2025)
+97%
+95%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Martinsville next to Morgan County, Indiana and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Martinsville$163,400
Morgan$237,600
Indiana$218,200
United States$332,700
Typical monthly rent
Martinsville$983
Morgan$1,042
Indiana$1,062
United States$1,413
Typical yearly household income
Martinsville$60,177
Morgan$79,429
Indiana$71,957
United States$80,734
See the full table
Martinsville next to Morgan County and Indiana
Measure
Martinsville
Morgan County
Indiana
U.S.
Typical home value
$163,400 ▼31% below the county
$237,600
$218,200
$332,700
Typical monthly rent
$983 ▼6% below the county
$1,042
$1,062
$1,413
Typical yearly household income
$60,177 ▼24% below the county
$79,429
$71,957
$80,734
Households that own their home
63% ▼19 points below the county
82%
71%
65%
Typical yearly property tax
$897 ▼24% below the county
$1,174
$1,614
$3,119
Effective property tax rate
0.55% ▲0.06 points above the county
0.49%
0.74%
0.94%
Renters with high rent for their income
49% ▲2 points above the county
48%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Morgan County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Martinsville
For a typical $163,400 home in Martinsville, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Martinsville's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,302a month
Least cash to close
Down payment
$5,719
Cash to close
$10,621
Rate
7.18%
Mortgage insurance
FHA MIP · $72
Conventional, 5% down$1,272a month
Down payment
$8,170
Cash to close
$13,072
Rate
7.18%
Mortgage insurance
PMI · $78
Conventional, 20% down, no PMI$1,029a month
Down payment
$32,680
Cash to close
$37,582
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,180a month
Down payment
$24,510
Cash to close
$29,412
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Martinsville
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,302
$5,719
$160,440
7.18%
FHA MIP · $72
$10,621
580
Conventional, 5% down
$1,272
$8,170
$155,230
7.18%
PMI · $78
$13,072
620*
Conventional, 20% down, no PMI
$1,029
$32,680
$130,720
7.18%
None
$37,582
620*
ITIN, 15% down (example)
$1,180
$24,510
$138,890
8.18%
None
$29,412
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Martinsville is $983 a month: 6% below the county. In Martinsville, 49% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Morgan County, by unit size. To pay the 2-bedroom one ($1,536 a month) without spending more than 30% of your income, you would need to earn $29.54 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Morgan County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,187
$22.83
$47,480
1 bedroom
$1,336
$25.69
$53,440
2 bedrooms
$1,536
$29.54
$61,440
3 bedrooms
$1,991
$38.29
$79,640
4 bedrooms
$2,425
$46.63
$97,000
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Martinsville
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Martinsville is in ZIP code 46151.
For 2 bedrooms it is $1,300: $236 less than the fair market rent for Morgan County ($1,536).
Fair market rent by ZIP code and size in Martinsville, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
46151
$1,000
$1,130
$1,300
$1,680
$2,050
ZIP code2 bd3 bd
46151 $1,300$1,680
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Martinsville when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Morgan County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Martinsville or Morgan County. The ones below are statewide in Indiana: they work in Martinsville the same as in the rest of the state.
Indiana state agency program with down payment assistance of 2.5% or 3.5% of the price, alongside a 30-year FHA or conventional mortgage.Offered by Indiana Housing and Community Development Authority (IHCDA).
Indiana state agency 30-year FHA or conventional mortgage for first-time buyers (or homes in designated areas), with down payment assistance as a second mortgage with no interest or payments, repaid when the first mortgage ends.Offered by Indiana Housing and Community Development Authority (IHCDA).
The HUD-approved agencies closest to the center of Martinsville, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
CB
City of Bloomington - Housing and Neighborhood Development (HAND)
No legal help resource on our list is for Martinsville or Morgan County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Martinsville and all of Morgan County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Martinsville?
The typical home value in Martinsville is $163,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Morgan County it is $237,600.
How much does it cost to rent in Martinsville?
Typical rent in Martinsville is $983 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Morgan County is $1,536.
What is the FHA loan limit in Martinsville?
Martinsville uses the FHA limit for all of Morgan County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Martinsville?
The typical homeowner in Martinsville pays $897 a year, according to the U.S. Census Bureau. That is 0.55% of the home’s value; in Morgan County, the rate is 0.49%.
Where can I find free help to buy or rent in Martinsville?
We found no HUD-approved counseling agencies with an office in Morgan County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
