Español

Este sitio también está en español. Leer en español

City · 10,915 residents · Weakley County, Tennessee

Martin , Tennessee

In Martin, a typical home is worth $198,300 and typical rent is $859 a month. Compared with all of Weakley County, the typical home value is 31% higher, typical household income is 16% lower, and the share of households that own their home is 24 points lower.

WhatsApp

  • Typical home value

    $198,300

    31% above the county

    31% below Tennessee

    • Martin
    • Weakley
    • Tennessee

  • Typical rent

    $859a month

    7% above the county

    28% below Tennessee

    • Martin
    • Weakley
    • Tennessee

  • Typical household income

    $43,381a year

    16% below the county

    38% below Tennessee

    • Martin
    • Weakley
    • Tennessee

  • Households that own their home

    42%

    24 points below the county

    25 points below Tennessee

    • Martin
    • Weakley
    • Tennessee

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$218,356
5.5% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Martin is in Weakley 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 Weakley County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Martin apart

What this place has that others do not, from public data, most unusual first.

  1. Martin has the 3rd lowest homeownership rate of the 113 cities in Tennessee with more than 5,000 people (42%).

  2. Nearby, in Humboldt, the typical home value is $102,300: 48% less than in Martin ($198,300).

  3. The typical home in Martin is worth $198,300, 31% more than in Weakley County as a whole ($151,200).

  4. According to Zillow, in the 12 months to September 2026 the typical home value in Martin rose 5.5%; in Tennessee, it rose 0.6%.

  5. Nearby, in McKenzie, the typical rent is $663: 23% less than in Martin ($859).

  6. The typical household income in Martin is $43,381, 16% less than in Weakley County as a whole ($51,880).

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Martin

What homes there are in Martin, 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

In Martin, 5 in 10 homes are single-family detached houses; in Weakley County, 7.

Year built

Here half of the homes date from 1981 or later; in Weakley County, from 1977 or later.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

At least 93% of owner-occupied homes in Martin are worth less than $500,000, below the FHA loan limit for Weakley County ($541,287).

Monthly rent with utilities

HUD's 2-bedroom fair market rent (FMR) for Weakley County is $995; about 76% of rents in Martin are below it.

With a mortgage

$1,194 a month

Weakley County: $1,067 a month

Without a mortgage

$417 a month

Weakley County: $369 a month

Owners with a mortgage

56%

Weakley County: 51%

The typical cost for an owner with a mortgage in Martin is $1,194 a month, more than in Weakley County ($1,067); without one, $417.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, home values in Martin rose at about the same pace as in Weakley County: 54% against 55%.

The typical rent in Martin rose 29% since 2015–2019, about the same as in Weakley County (28%).

The typical household income in Martin rose 34% over that time; home values changed +54% and rent +29%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMartinWeakley CountyTennesseeUnited States
Rental vacancy Unreliable estimateUnreliable estimate6.1%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.9%0.9%
More than one person per room Unreliable estimateUnreliable estimate2.2%3.4%
People per household 2.112.302.452.53
Drive alone 71%77%76%69%
Carpool 10%9%8%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike 8%3%1%3%
Work from home 7%7%13%15%
Other means Unreliable estimate3%1%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

Fewer people live in each home here: 2.11 on average, against 2.30 in Weakley County.

In Martin, 8% of workers walk or bike to work; in Weakley County, 3%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Martin?

A typical home costs more than the typical income allows

We start with a typical home in Martin, worth $198,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 43% of the typical household income in Martin, which is $43,381 a year. For that payment to be 28% of income, a household would need to earn about $67,229 a year.

The calculator's FHA and conventional loan limits are those of all of Weakley County.

Your numbers

Local data
$

Starts at the typical home value in Martin. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $6,941 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,569

at 7.18% · 30 years

Loan amount
$194,708
Total interest
$280,139
Paid off in
November 2056

Includes $3,349 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,012 a month

  • Tight

    $1,012 to $1,301 a month

  • Hard

    more than $1,301 a month

    Your payment · 43%

Compared with the typical household income in Martin ($43,381 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,569
Principal & interest$1,319
Property tax$79
Home insurance$83
FHA mortgage insurance (MIP)$88

You need at least $6,941 for the down payment, plus closing costs.

Next step

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.

The city and its county

Martin and Weakley County

Martin is in Weakley County, Tennessee. 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).

Martin's own numbers

Typical home value
$198,300
Typical monthly rent
$859
Typical yearly household income
$43,381
Households that own their home
42%
Effective property tax rate
0.48%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Weakley County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$995
Price change over 5 years (FHFA)
+68%
Homes in a high flood-risk zone
0.6%

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 Weakley County.

Everything about Weakley County

Buying

Buying a home in Martin

A typical home in Martin is worth $198,300: 31% above the county and 31% below Tennessee. With the typical household income in Martin ($43,381 a year), a typical home costs 4.6 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.

  • Martin 4.6 years
  • Weakley 2.9 years
  • Tennessee 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Weakley County

According to FHFA’s house price index, home prices in Weakley County rose 104% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Weakley County.

Period County Tennessee U.S.
Last year (2025) +3.5% +2.4% +2.9%
5 years (2020–2025) +68% +60% +47%
10 years (2015–2025) +104% +114% +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

Martin next to Weakley County, Tennessee and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Martin $198,300
  • Weakley $151,200
  • Tennessee $286,700
  • United States $332,700
Typical monthly rent
  • Martin $859
  • Weakley $803
  • Tennessee $1,189
  • United States $1,413
Typical yearly household income
  • Martin $43,381
  • Weakley $51,880
  • Tennessee $69,595
  • United States $80,734
See the full table
Martin next to Weakley County and Tennessee
Measure Martin Weakley County Tennessee U.S.
Typical home value $198,300 $151,200 $286,700 $332,700
Typical monthly rent $859 $803 $1,189 $1,413
Typical yearly household income $43,381 $51,880 $69,595 $80,734
Households that own their home 42% 66% 67% 65%
Typical yearly property tax $954 $729 $1,442 $3,119
Effective property tax rate 0.48% 0.48% 0.5% 0.94%
Renters with high rent for their income 48% 43% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Weakley 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 Martin

For a typical $198,300 home in Martin, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Martin's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,569a month

    Least cash to close
    Down payment
    $6,941
    Cash to close
    $12,890
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $88

  • Conventional, 5% down $1,532a month

    Down payment
    $9,915
    Cash to close
    $15,864
    Rate
    7.18%
    Mortgage insurance
    PMI · $94

  • Conventional, 20% down, no PMI $1,237a month

    Down payment
    $39,660
    Cash to close
    $45,609
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,420a month

    Down payment
    $29,745
    Cash to close
    $35,694
    Rate
    8.18%
    Mortgage insurance
    None

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.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Martin and for Weakley County.

Property tax

Effective rate in Martin

0.48%of the home’s value each year

$954 a year for the typical owner in Martin.

  • Martin 0.48%
  • Weakley 0.48%
  • Tennessee 0.5%

What Tennessee publishes Property tax relief for older, disabled and disabled-veteran homeowners (Tennessee Comptroller of the Treasury, 2026 Property Tax Relief Program brochure)

Exemptions and deadlines in Tennessee

Flood risk in Weakley County

FEMA does not publish these numbers by city: they are for all of Weakley County.

Homes in the high-risk zone
0.6%
90
Of those, with NFIP insurance
23%
County Tennessee U.S.
Homes in the high-risk zone 0.6% 1.6% 3.5%
Of those, with NFIP insurance 23% 25% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Martin

Typical rent in Martin is $859 a month: 7% above the county. In Martin, 48% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Weakley County, by unit size. To pay the 2-bedroom one ($995 a month) without spending more than 30% of your income, you would need to earn $19.13 an hour working full time.

HUD fair market rent for all of Weakley County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $756 $14.54 $30,240
1 bedroom $761 $14.63 $30,440
2 bedrooms $995 $19.13 $39,800
3 bedrooms $1,190 $22.88 $47,600
4 bedrooms $1,663 $31.98 $66,520

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 Martin

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Martin is in ZIP code 38237.

For 2 bedrooms it is $1,050: $55 more than the fair market rent for Weakley County ($995).

  • 38237 $1,050$1,260

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Martin 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 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Martin

HUD lists 6 buildings with rents for lower incomes in Martin. These are the largest.

  • Martin Heights 134 E Heights Dr, Martin 38237 167 low-income homes · For families (731) 587-3186, ext. 223
  • Chapelridge of Martin 528 Ellis St, Martin 38237 60 low-income homes · 1 bd: 16 · 2 bd: 24 · 3 bd: 20 · In service since 2005 · For people with disabilities, families
  • Williamsburg Landing 320 Dustin Laird Dr, Martin 38237 44 low-income homes · 3 bd: 44 · In service since 2011 · For older adults, people with disabilities
  • Wesley at Martin 448 Hannings Ln, Martin 38237 40 low-income homes · For older adults (731) 587-6324
  • Northwest Apts of Weakley County 109 Harrison Rd, Martin 38237 21 homes, 20 low-income · For people with disabilities (731) 587-0749

See all 7 buildings in Weakley County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Martin

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 Weakley County. The nearest ones are below; many serve by phone or online.

A grandmother smiles, seated at home.

HUD counseling is free or low-cost

Assistance programs in Martin

No down payment, repair or rent-help program on our list is for Martin or Weakley County. The ones below are statewide in Tennessee: they work in Martin the same as in the rest of the state.

Which programs do I qualify for? All programs in Tennessee

  • Great Choice Plus

    Statewide in Tennessee

    Tennessee state agency help with the down payment and closing costs alongside the Great Choice mortgage: $6,000 or $10,000 forgivable over 10 years with no payments, or up to 5% of the price (maximum $15,000) as a 30-year second mortgage. Offered by Tennessee Housing Development Agency (THDA).

    ForgivableRepayable

    See the program Official page

Housing counselors near Martin

The HUD-approved agencies closest to the center of Martin, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • West Tennessee Legal Services, Incorporated

    210 West Main Street, Jackson · 50 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 8 more
    731-423-0616-1250

  • West Tennessee Legal Services, Inc.

    210 W Main St, Jackson · 50 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 8 more
    (731) 423-0616

  • Frayser Community Development Corporation

    3684 N Watkins St, Memphis · 100 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    (901) 354-9401

All counseling agencies in Tennessee

Help in Spanish near Martin

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Martin

HUD’s record names them for Martin or Weakley County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

All housing agencies in Tennessee Source: HUD

Cities

Nearby cities

The cities closest to Martin, with the typical home value.

Everything about Weakley County Housing in Tennessee

Neighboring counties

If Weakley County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Martin.

All guides
A father and mother walk their son by the hand down the sidewalk.

Questions

Housing questions about Martin

Short answers with the numbers for Martin and all of Weakley 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 Martin?

The typical home value in Martin is $198,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Weakley County it is $151,200.

How much does it cost to rent in Martin?

Typical rent in Martin is $859 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Weakley County is $995.

What is the FHA loan limit in Martin?

Martin uses the FHA limit for all of Weakley 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 Martin?

The typical homeowner in Martin pays $954 a year, according to the U.S. Census Bureau. That is 0.48% of the home’s value; in Weakley County, the rate is 0.48%.

Where can I find free help to buy or rent in Martin?

We found no HUD-approved counseling agencies with an office in Weakley County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).