Martin County, Florida Housing Market Prices
Martin County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 12% above the Florida median More expensive than 80% of counties in Florida$349,758
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Median rent 6% below the Florida median More expensive than 71% of counties in Florida$1,569
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Martin County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $349,758 | $311,338 | $248,835 |
| Price Trend (Annual %) | 9.4% | 11.2% | 7.5% |
| Median Gross Rent | $1,569 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 5.9% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Martin County is about 12% higher than in Florida. Rent is about 6% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Martin County, up about 9.4% and 5.9% a year respectively. Home prices are changing faster.
Median rent in Martin County rose about 61.6% between 2015 and 2024, from $971 to $1,569. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 4.2 yearly household incomes in Martin County.
Buying the median-priced home in Martin County costs roughly 18.6 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Martin County. The price-to-rent ratio in Florida is about 15.6.
| Metric | Martin County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $349,758 | $311,338 | $248,835 |
| Median Household Income | $83,704 | $74,580 | $80,455 |
| Price-to-Income Ratio | 4.2 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Martin County rose about 114.0%, while median household income rose about 47.3% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Martin County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.5% | 57.7% | 58.5% |
| Rental Rate | 16.9% | 27.7% | 31.2% |
| Vacancy Rate | 17.5% | 14.6% | 10.2% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Martin County has a homeownership rate of 65.5%, higher than the Florida average of 57.7%. Its housing vacancy rate is 17.5%, compared with 14.6% in Florida.
Housing Stock
| Metric | Martin County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1991 | 1988 | 1978 |
| Median Number of Rooms | 5.3 | 5.2 | 5.5 |
The typical housing unit in Martin County was built around 1991. On average, 2.3 people live in a home with about 5.3 rooms, staying for about 14.0 years on average.
Martin County, FL Housing Compared With Nearby Counties
Martin County, FL is typical in size for this group, 160,388 residents against a local median of 166,866, so the measures below are close to a like for like comparison. Where Martin County, FL breaks from the counties next to it is median home price, sitting 38% above the local median of $253,645 at $349,758.
Median rent tells the same story from another angle: $1,569 against a local median of $1,357, 16% above it. The counties themselves spread $204,981 on median home price, so Martin County, FL sits at one end of an already wide local range rather than apart from it. Martin County, FL has the 2nd highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Martin County, FL | 160,388 | $349,758 #2/6 | $1,569 #3/6 | 79.5% #3/6 |
| St. Lucie County, FL | 360,498 | $278,803 | $1,585 | 78.6% |
| Palm Beach County, FL | 1,530,264 | $390,107 | $1,916 | 70.1% |
| Okeechobee County, FL | 40,816 | $187,847 | $1,082 | 73.9% |
| Indian River County, FL | 166,866 | $253,645 | $1,357 | 80.1% |
| Glades County, FL | 12,560 | $185,126 | $885 | 85.1% |
Frequently Asked Questions
Common questions about the housing market in Martin County, Florida.
What is the median home price in Martin County, Florida?
The median home price in Martin County, Florida is $349,758, higher than the Florida average of $311,338.
What is the average home price in Martin County, Florida?
The typical home price in Martin County, Florida, reported as the median sale price, is $349,758. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Martin County, Florida?
The median gross rent in Martin County, Florida is $1,569 per month, lower than the Florida average of $1,668.
What was the median gross rent in Martin County in 2020?
In 2020, the median gross rent in Martin County, Florida was $1,151 per month.
What is the price-to-rent ratio in Martin County, Florida?
The price-to-rent ratio in Martin County, Florida is about 18.6, meaning it would take roughly 18.6 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Martin County.
Are home prices or rent rising faster in Martin County, Florida?
Both home prices and rent are rising in Martin County, up about 9.4% and 5.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Martin County, Florida?
65.5% of households in Martin County, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Martin County, Florida?
The housing vacancy rate in Martin County, Florida is 17.5%, higher than the Florida average of 14.6%.
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