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Martin

Learn about the people, housing, costs and businesses in Martin, Montana

Median Home$408,700
Population428
Leading IndustriesEducation · Wholesale Trade · Arts, Food & Hospitality6% education
Home Value Growth⬆⬆⬆+28.2% over 2 years
Young Adults27% of residentsnear the national average
Homeowners88% of occupied units
NotableHighly Educated36% bachelor's · 13% graduate · top 3% nationally
NotableTransit83/100 · excellent transit access
Martin City
MT

Frequently Asked Questions

What are today's mortgage rates in Martin?

As of today, the 30-year fixed mortgage rate for Martin is approximately 6.830% (6.864% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Martin?

The median home value in Martin is $409k. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Martin?

Home values in Martin have increased 28.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Martin?

Based on a typical all-in ownership cost of $553/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $24k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Martin is $57k/year.

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What industries drive the economy in Martin?

The largest employment sectors in Martin are public administration (19%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.