Martin County, IN

Comprehensive housing, income, and cost of living data for Martin County, Indiana. Population: 9.9K.

Median Home Price
$195.5K

Based on 3 cities

Median Household Income
$65.3K

Annual household income

Price-to-Income Ratio
3.0x

Highly affordable

Salary Needed to Buy
$48.7K

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

Housing & Finance

Annual Property Tax
$798

Average annual amount

Effective Tax Rate
0.41%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$988
Property Tax$66.50
Insurance$81.45
Total Monthly$1,136
Historical Home Prices
2015
$86.0K
2016
$87.3K
+1.6%%
2017
$92.1K
+5.5%%
2018
$99.3K
+7.8%%
2019
$107.8K
+8.6%%
2020
$123.4K
+14.5%%
2021
$147.5K
+19.5%%
2022
$157.5K
+6.8%%
2023
$171.0K
+8.5%%
2024
$183.4K
+7.2%%
2025
$190.0K
+3.6%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
3.7%%

Below national average

Population Density
29

People per square mile

Political Lean (2020)
Competitive

R+1

Racial Demographics

White
94.5%
Black
0.2%
Hispanic
1.2%
Asian
0.1%
Two or More Races
3.6%

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

Climate & Environment

Average Temperature
54°F

Annual average

Sunny Days
204

Days per year

Annual Rainfall
49.4"

Inches per year

Natural Disaster Risk
Low Risk

Score: 12/100

Frequently Asked Questions

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

The median home price in Martin County, Indiana is $195.5K. The price-to-income ratio is 3.0x, meaning the median home costs 3.0 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 $48.7K per year to buy the median home in Martin County, IN. Monthly housing costs break down to $988 for mortgage, $66.50 for property tax, and $81.45 for insurance.

What is the property tax rate in Martin County?

The effective property tax rate in Martin County is 0.41%, which comes to approximately $798 per year on the median home.

What is the median household income in Martin County?

The median household income in Martin County, Indiana is $65.3K per year, based on Census Bureau American Community Survey data. The unemployment rate is 3.7%%.

Is Martin County a good place to live?

Martin County, Indiana has a population of 9.9K. Housing affordability is strong with a price-to-income ratio of 3.0x. The climate averages 54 degrees F with 204 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.