Martin County, North Carolina 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 43% below the North Carolina median$157,720
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Median rent 38% below the North Carolina median Cheaper than 88% of counties in North Carolina$758
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Martin County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $157,720 | $278,288 | $248,835 |
| Price Trend (Annual %) | 10.7% | 9.3% | 7.5% |
| Median Gross Rent | $758 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 2.6% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Martin County is about 43% lower than in North Carolina. Rent is about 38% lower than the North Carolina 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 10.7% and 2.6% a year respectively. Home prices are changing faster.
Median rent in Martin County rose about 27.4% between 2015 and 2024, from $595 to $758. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Martin County.
Buying the median-priced home in Martin County costs roughly 17.3 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 North Carolina is about 18.9.
| Metric | Martin County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $157,720 | $278,288 | $248,835 |
| Median Household Income | $48,856 | $72,438 | $80,455 |
| Price-to-Income Ratio | 3.2 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Martin County rose about 142.6%, while median household income rose about 43.7% 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 | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.3% | 58.3% | 58.5% |
| Rental Rate | 28.6% | 29.2% | 31.2% |
| Vacancy Rate | 14.1% | 12.5% | 10.2% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Martin County has a homeownership rate of 57.3%, lower than the North Carolina average of 58.3%. Its housing vacancy rate is 14.1%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Martin County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.24 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1977 | 1989 | 1978 |
| Median Number of Rooms | 5.6 | 5.6 | 5.5 |
The typical housing unit in Martin County was built around 1977. On average, 2.2 people live in a home with about 5.6 rooms, staying for about 19.0 years on average.
Martin County, NC Housing Compared With Nearby Counties
Martin County, NC is the 4th largest of the 5 counties compared here, 21,644 residents against a local median of 46,615. Where Martin County, NC breaks from the counties next to it is median home price, sitting 39% above the local median of $113,497 at $157,720.
The counties themselves spread $157,583 on median home price, so Martin County, NC sits at one end of an already wide local range rather than apart from it. Martin County, NC has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Martin County, NC | 21,644 | $157,720 #2/5 | $758 #5/5 | 66.7% #3/5 |
| Bertie County, NC | 17,166 | $92,000 | $838 | 72.7% |
| Pitt County, NC | 177,193 | $249,582 | $993 | 51.4% |
| Beaufort County, NC | 44,493 | $92,916 | $870 | 69.5% |
| Edgecombe County, NC | 48,736 | $134,077 | $857 | 60.8% |
Frequently Asked Questions
Common questions about the housing market in Martin County, North Carolina.
What is the median home price in Martin County, North Carolina?
The median home price in Martin County, North Carolina is $157,720, lower than the North Carolina average of $278,288.
What is the average home price in Martin County, North Carolina?
The typical home price in Martin County, North Carolina, reported as the median sale price, is $157,720. 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, North Carolina?
The median gross rent in Martin County, North Carolina is $758 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in Martin County in 2020?
In 2020, the median gross rent in Martin County, North Carolina was $720 per month.
What is the price-to-rent ratio in Martin County, North Carolina?
The price-to-rent ratio in Martin County, North Carolina is about 17.3, meaning it would take roughly 17.3 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, North Carolina?
Both home prices and rent are rising in Martin County, up about 10.7% and 2.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Martin County, North Carolina?
57.3% of households in Martin County, North Carolina own their home, lower than the North Carolina average of 58.3%.
What is the vacancy rate in Martin County, North Carolina?
The housing vacancy rate in Martin County, North Carolina is 14.1%, higher than the North Carolina average of 12.5%.
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