Martin County, Florida Housing Market
In Martin County, Florida, the median home value is $432,200, with a median monthly rent of $1,569. This places Martin County at #222 nationally out of 3134 counties by median home value, and #6 within Florida.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,184
- Establishments: 7,568
- BLS QCEW, 2025
Housing Supply
- Single-family: 843
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 72,811 (avg $195,959)
- Outflow: 67,067 (avg $185,440)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 9 active ZIP codes in Martin County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 34957 | 405.7 | -5.40% | 2025 |
| 2 | 33455 | 455.6 | +4.86% | 2025 |
| 3 | 33469 | 500.6 | -1.18% | 2025 |
| 4 | 34994 | 379.5 | -7.97% | 2025 |
| 5 | 34990 | 357.1 | -0.02% | 2025 |
| 6 | 33458 | 427.8 | +1.11% | 2025 |
| 7 | 33478 | 431.8 | +1.39% | 2025 |
| 8 | 34996 | 402.6 | +2.12% | 2025 |
| 9 | 34997 | 418.2 | -1.68% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Martin County Compares
| Metric | Martin County | Florida Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $432,200 | $284,325 | $227,706 |
| Median Gross Rent | $1,569 | $1,303 | $968 |
| Owner Occupancy Rate | 79.6% | 74.6% | 73.3% |
| Price/Rent Ratio | 23.0 | 17.6 | 18.7 |
Market Analysis
The median home value in Martin County is 52.0% above the Florida state average and 89.8% above the U.S. national average. The median rent of $1,569/month is 20.4% above the state average.
With a price-to-rent ratio of 23.0, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Martin County has an owner-occupancy rate of 79.6%, compared to 74.6% in Florida and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| San Juan County | Colorado | $432,500 | $992 |
| Douglas County | Washington | $432,500 | $1,305 |
| Tooele County | Utah | $431,600 | $1,189 |
| Tuolumne County | California | $433,200 | $1,302 |
| York County | Virginia | $433,200 | $1,827 |
Other Counties in Florida
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Walton County | $425,100 | $1,741 | 78.6% |
| Palm Beach County | $447,300 | $1,916 | 70.1% |
| Broward County | $414,600 | $1,907 | 63.6% |
| Sarasota County | $411,800 | $1,818 | 76.7% |
| Miami-Dade County | $463,000 | $1,829 | 52.2% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).