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Home values, rents and more in Martinsville, IN

September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07

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Typical home value
$295,000
Metro: $292,000 · U.S.: $366,000
Home values, past year
+2.9%
Metro: +1.0% · U.S.: +1.2%
Typical rent
$1,243/mo
Metro: $1,528 · U.S.: $1,932
Population
11,933
ACS 2020–24
Median household income
$60,177
Metro: $79,852 · U.S.: $80,734
ZIP codes around Martinsville, IN, shaded by typical home valueMartinsville46151
  • Under $0k
  • No data
ZIP codes around Martinsville, IN, shaded by typical home value (Zillow, ZIP codes). Dashed lines are county borders. Martinsville is outlined.

How Martinsville compares

The typical home in Martinsville, IN is worth about $295,000, according to the Zillow Home Value Index for September 2026. Home values in Martinsville are about the same as the typical value in the Indianapolis metro area ($292,000) and 20% below the U.S. typical value ($366,000).

Over the past year, home values in Martinsville rose 2.9%, compared with +1.0% in the Indianapolis metro area and +1.2% nationally.

Typical rent is $1,243 a month (Zillow Observed Rent Index), 19% below the Indianapolis metro area ($1,528) and 36% below the U.S. ($1,932).

The median household income is $60,177, against $79,852 in the Indianapolis metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).

About 11,933 people live in Martinsville (American Community Survey 2020–24).

Martinsville has the 39th-highest typical home value of the 77 cities in the Indianapolis metro area and the 125th-highest of 581 in Indiana with Zillow figures.

Part of: Morgan County, IN · Indianapolis metro area · Indiana

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  • 5- and 10-year price changes
  • Days on market and months of supply
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  • Price-to-income and monthly cost to buy
  • Crime rates
  • Homeowners insurance premiums
  • Commute time to downtown
  • Flood, wildfire and natural hazard risk
  • Property-tax rate
  • 2024 presidential vote
  • Age, education and household make-up
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Nearby cities

ZIP codes in Martinsville, IN

Sources

Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.

"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.

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