Martin County, Kentucky 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 84% below the Kentucky median Cheaper than 95% of counties in Kentucky$19,365
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Median rent 53% below the Kentucky median Among the top 3 cheapest counties in Kentucky$450
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Martin County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $19,365 | $118,017 | $248,835 |
| Price Trend (Annual %) | -10.5% | 3.8% | 7.5% |
| Median Gross Rent | $450 | $967 | $1,407 |
| Rent Trend (Annual %) | -1.0% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Martin County is about 84% lower than in Kentucky. Rent is about 53% lower than the Kentucky average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are falling in Martin County, down about 10.5% and 1.0% a year respectively. Home prices are changing faster.
Median rent in Martin County rose about 7.2% between 2015 and 2024, from $420 to $450. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 0.5 yearly household incomes in Martin County.
Buying the median-priced home in Martin County costs roughly 3.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Martin County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Martin County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $19,365 | $118,017 | $248,835 |
| Median Household Income | $36,960 | $64,312 | $80,455 |
| Price-to-Income Ratio | 0.5 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Martin County fell about 69.7%, while median household income rose about 83.5% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Martin County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.3% | 61.3% | 58.5% |
| Rental Rate | 12.0% | 28.4% | 31.2% |
| Vacancy Rate | 20.7% | 10.3% | 10.2% |
| Median Tenure (years) | 22.0 | 15.0 | 15.0 |
| Median Year Moved In | 2004 | 2011 | 2011 |
Martin County has a homeownership rate of 67.3%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 20.7%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Martin County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.49 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1987 | 1981 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Martin County was built around 1987. On average, 2.5 people live in a home with about 5.7 rooms, staying for about 22.0 years on average.
Martin County, KY Housing Compared With Nearby Counties
Martin County, KY is the smallest of the 5 counties compared here, 11,027 residents against a local median of 36,694. The measure that sets Martin County, KY apart most is median home price: $19,365, 79% below the local median of $93,085.
Median rent tells the same story from another angle: $450 against a local median of $783, 43% below it. The one measure here that carries a verdict is homeownership, and at 15% above the local median it puts Martin County, KY at the better end of the local range. The counties themselves spread $95,656 on median home price, so Martin County, KY sits at one end of an already wide local range rather than apart from it. Martin County, KY has the 5th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Martin County, KY | 11,027 | $19,365 #5/5 | $450 #5/5 | 84.9% #1/5 |
| Johnson County, KY | 22,334 | $87,311 | $708 | 68.3% |
| Floyd County, KY | 35,224 | $125,000 | $672 | 72.2% |
| Pike County, KY | 56,725 | $29,344 | $858 | 75.3% |
| Wayne County, WV | 38,164 | $98,860 | $915 | 78.6% |
Frequently Asked Questions
Common questions about the housing market in Martin County, Kentucky.
What is the median home price in Martin County, Kentucky?
The median home price in Martin County, Kentucky is $19,365, lower than the Kentucky average of $118,017.
What is the average home price in Martin County, Kentucky?
The typical home price in Martin County, Kentucky, reported as the median sale price, is $19,365. 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, Kentucky?
The median gross rent in Martin County, Kentucky is $450 per month, lower than the Kentucky average of $967.
What was the median gross rent in Martin County in 2020?
In 2020, the median gross rent in Martin County, Kentucky was $611 per month.
What is the price-to-rent ratio in Martin County, Kentucky?
The price-to-rent ratio in Martin County, Kentucky is about 3.6, meaning it would take roughly 3.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Martin County.
Are home prices or rent rising faster in Martin County, Kentucky?
Both home prices and rent are falling in Martin County, down about 10.5% and 1.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Martin County, Kentucky?
67.3% of households in Martin County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Martin County, Kentucky?
The housing vacancy rate in Martin County, Kentucky is 20.7%, higher than the Kentucky average of 10.3%.
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