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Martin

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

Median Home$185,327
Median Rent$930/month
Population11,057
Leading IndustriesPublic Administration · Professional Services33% public administration
Home Value Growth⬆⬆+17.1% over 2 years
Young Adults51% of residentstop 1% nationally
Renters54% of occupied units
Martin
TN

Frequently Asked Questions

What are today's mortgage rates in Martin?

As of today, the 30-year fixed mortgage rate for Martin is approximately 6.982% (7.021% 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 $185k. The median monthly rent is $930. Annual property taxes average $976. 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 17.1% 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 $915/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Martin is $41k/year.

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What industries drive the economy in Martin?

The largest employment sectors in Martin are public administration (33%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.