Martin County, Indiana Housing Market
In Martin County, Indiana, the median home value is $159,400, with a median monthly rent of $697. This places Martin County at #2030 nationally out of 3134 counties by median home value, and #65 within Indiana.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2024
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,184
- Establishments: 272
- BLS QCEW, 2025
Housing Supply
- Single-family: 14
- Multi-family: 50
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,109 (avg $66,183)
- Outflow: 3,929 (avg $66,926)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Martin County Compares
| Metric | Martin County | Indiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $159,400 | $191,898 | $227,706 |
| Median Gross Rent | $697 | $910 | $968 |
| Owner Occupancy Rate | 78.5% | 76.3% | 73.3% |
| Price/Rent Ratio | 19.1 | 17.5 | 18.7 |
Market Analysis
The median home value in Martin County is 16.9% below the Indiana state average and 30.0% below the U.S. national average. The median rent of $697/month is 23.4% below the state average.
With a price-to-rent ratio of 19.1, the buy-vs-rent decision in Martin County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Martin County has an owner-occupancy rate of 78.5%, compared to 76.3% in Indiana 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 |
|---|---|---|---|
| Howard County | Missouri | $159,400 | $832 |
| Carter County | Missouri | $159,400 | $656 |
| Greensville County | Virginia | $159,400 | $969 |
| Jackson County | Alabama | $159,500 | $780 |
| Buena Vista County | Iowa | $159,500 | $894 |
Other Counties in Indiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Orange County | $158,700 | $855 | 78.7% |
| Scott County | $158,400 | $822 | 70.9% |
| Starke County | $157,700 | $712 | 83.0% |
| Madison County | $161,300 | $939 | 70.2% |
| Jennings County | $161,500 | $988 | 78.8% |
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).