Martin County, Kentucky Housing Market
In Martin County, Kentucky, the median home value is $86,900, with a median monthly rent of $450. This places Martin County at #3039 nationally out of 3134 counties by median home value, and #110 within Kentucky.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $795
- Establishments: 198
- BLS QCEW, 2025
Migration Patterns
- Inflow: 2,550 (avg $44,995)
- Outflow: 2,464 (avg $45,601)
- IRS Statistics of Income
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| Metric | Martin County | Kentucky Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $86,900 | $160,835 | $227,706 |
| Median Gross Rent | $450 | $793 | $968 |
| Owner Occupancy Rate | 84.9% | 73.4% | 73.3% |
| Price/Rent Ratio | 16.1 | 16.6 | 18.7 |
Market Analysis
The median home value in Martin County is 46.0% below the Kentucky state average and 61.8% below the U.S. national average. The median rent of $450/month is 43.3% below the state average.
With a price-to-rent ratio of 16.1, 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 84.9%, compared to 73.4% in Kentucky 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 |
|---|---|---|---|
| Quay County | New Mexico | $87,200 | $712 |
| Perry County | Alabama | $86,400 | $592 |
| Osborne County | Kansas | $86,400 | $595 |
| Lowndes County | Alabama | $86,300 | $710 |
| Wilkinson County | Georgia | $86,300 | $825 |
Other Counties in Kentucky
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| McCreary County | $85,300 | $577 | 74.2% |
| Bell County | $89,000 | $592 | 58.8% |
| Magoffin County | $89,000 | $730 | 75.4% |
| Lee County | $83,900 | $603 | 77.7% |
| Clay County | $90,700 | $724 | 76.4% |
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).