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Martin

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

Median Home$174,301
Median Rent$809/month
Population16,856
Leading IndustriesManufacturing · Transportation · Finance & Insurance2% manufacturing
Home Value Growth+10.0% over 2 years
Retirees23% of residentsslightly above average
Homeowners82% of occupied units
NotableVeteran Community8% of residents · top 27% nationally
NotableAffordable Market$174k median home · lower cost than 73% of the country
Martin
MI

Frequently Asked Questions

What are today's mortgage rates in Martin?

As of today, the 30-year fixed mortgage rate for Martin is approximately 7.033% (7.074% 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 $174k. The median monthly rent is $809. 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 10.0% over the past two years. This represents moderate growth. 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 $834/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Martin is $69k/year.

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What industries drive the economy in Martin?

The largest employment sectors in Martin are public administration (25%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.