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TypicalCost

Typical Cost of a House in Martinsville city, Virginia

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The median home value in Martinsville city is $98,400, measured over 2020–2024. That is 74.4% below the Virginia median of $383,700. Half of owner-occupied homes are valued above that figure and half below.

Median home value

$98,400

2020–2024, give or take $27,859

Against Virginia

−74.4%

BelowVirginia $383,700

Against the U.S.

−70.4%

BelowU.S. $332,700

Monthly housing costs in Martinsville city

What households actually pay each month, for those who own with a mortgage and those who rent, compared with Virginia as a whole.

Owning with a mortgage

$1,025a month

−51.8%Virginia $2,127

Median of mortgage payments, property taxes, insurance, utilities and fees together.

Renting

$808a month

−48.8%Virginia $1,579

Median gross rent: the rent itself plus utilities the renter pays.

Where Martinsville city sits among Virginia's counties

Each tick is one county's median home value. The highlighted band holds the middle half of them, and the dark line is the median. Martinsville city is the 131st highest of 133.

Across 133 counties in Virginia the median home value ranged from $83,500 to $1,055,600. The typical band runs from $184,100 to $360,900, with a median of $258,600. Martinsville city is at $98,400.

What this figure is

It is not a sale price. The Census Bureau asks homeowners what they think their home would sell for, and this is the middle answer for owner-occupied homes in Martinsville city. It covers every kind of home people own and live in, so the price of a particular house on the market can be far from it.

The figure describes the whole of 2020–2024, not a single year, and it is not adjusted for price changes since then. The smaller a county, the fewer households the survey reaches and the less exact its estimate: here the true value is very likely within $27,859 of the one shown.

Common questions

How much does a house cost in Martinsville city, Virginia?

The median home value in Martinsville city, Virginia is $98,400, from Census Bureau survey data for 2020–2024. Half of owner-occupied homes are valued above that and half below.

What is the average home price in Martinsville city, Virginia?

The Census Bureau publishes a median rather than an average: $98,400 for 2020–2024. It is what owners estimate their homes would sell for, not a record of recent sale prices.

How much is a monthly mortgage payment in Martinsville city, Virginia?

Homeowners with a mortgage in Martinsville city, Virginia pay a median of $1,025 a month. That covers the mortgage payment together with property taxes, insurance and utilities.

What is the average rent in Martinsville city, Virginia?

Median gross rent in Martinsville city, Virginia is $808 a month for 2020–2024. Gross rent is the rent itself plus the utilities the renter pays.

Are homes in Martinsville city, Virginia expensive compared with other places?

Martinsville city has the 131st highest median home value of the 133 counties in Virginia with a published figure, 74.4% below the Virginia median of $383,700.

Source

U.S. Census Bureau

American Community Survey 5-Year Estimates, 2020–2024, tables B25077, B25064 and B25088. Retrieved on October 6, 2026.

About the American Community Survey

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2020–2024.

Other counties in Virginia

The percentage compares each county with the Virginia median.