Martin County, FL

Comprehensive housing, income, and cost of living data for Martin County, Florida. Population: 159.4K.

Median Home Price
$418.7K

Based on 8 cities

Median Household Income
$80.7K

Annual household income

Price-to-Income Ratio
5.2x

Less affordable

Salary Needed to Buy
$109.4K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax
$3,120

Average annual amount

Effective Tax Rate
0.75%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$2,117
Property Tax$260
Insurance$174
Total Monthly$2,552
Historical Home Prices
2015
$223.8K
2016
$246.4K
+10.1%%
2017
$262.3K
+6.4%%
2018
$277.7K
+5.9%%
2019
$286.1K
+3.0%%
2020
$310.4K
+8.5%%
2021
$379.5K
+22.3%%
2022
$456.7K
+20.3%%
2023
$470.0K
+2.9%%
2024
$460.3K
-2.1%%
2025
$433.8K
-5.8%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
3.6%%

Below national average

Population Density
293

People per square mile

Homicide Rate
3.6

Low (per 100K residents)

Political Lean (2020)
Competitive

R+0

Racial Demographics

White
75.5%
Black
4.9%
Hispanic
15.4%
Asian
1.4%
Two or More Races
2.5%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature
75°F

Annual average

Sunny Days
198

Days per year

Annual Rainfall
55.6"

Inches per year

Natural Disaster Risk
High Risk

Score: 94/100

January Low
21°F

Average winter low

July High
86°F

Average summer high

Frequently Asked Questions

What is the median home price in Martin County, FL?

The median home price in Martin County, Florida is $418.7K. The price-to-income ratio is 5.2x, meaning the median home costs 5.2 times the median household income.

What salary do you need to buy a home in Martin County?

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $109.4K per year to buy the median home in Martin County, FL. Monthly housing costs break down to $2,117 for mortgage, $260 for property tax, and $174 for insurance.

What is the property tax rate in Martin County?

The effective property tax rate in Martin County is 0.75%, which comes to approximately $3,120 per year on the median home.

What is the median household income in Martin County?

The median household income in Martin County, Florida is $80.7K per year, based on Census Bureau American Community Survey data. The unemployment rate is 3.6%%.

Is Martin County a good place to live?

Martin County, Florida has a population of 159.4K. Housing affordability is moderate with a price-to-income ratio of 5.2x. The climate averages 75 degrees F with 198 sunny days per year. Compare Martin County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.