Martin County, Texas 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 73% below the Texas median Cheaper than 81% of counties in Texas$69,444
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Median rent 31% below the Texas median$970
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Martin County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $69,444 | $258,873 | $248,835 |
| Price Trend (Annual %) | -15.0% | 9.2% | 7.5% |
| Median Gross Rent | $970 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Martin County is about 73% lower than in Texas. Rent is about 31% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2021
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Martin County: home prices fell about 15.0% a year while rent rose about 3.9% a year. That is an unusual pattern worth watching.
Median rent in Martin County rose about 26.5% between 2015 and 2024, from $767 to $970. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 0.8 yearly household incomes in Martin County.
Buying the median-priced home in Martin County costs roughly 6.0 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 Texas is about 15.4.
| Metric | Martin County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $69,444 | $258,873 | $248,835 |
| Median Household Income | $89,384 | $78,939 | $80,455 |
| Price-to-Income Ratio | 0.8 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2021, the median home price in Martin County fell about 63.0%, while median household income rose about 105.2% 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 | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.1% | 56.7% | 58.5% |
| Rental Rate | 20.3% | 33.9% | 31.2% |
| Vacancy Rate | 7.6% | 9.4% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Martin County has a homeownership rate of 72.1%, higher than the Texas average of 56.7%. Its housing vacancy rate is 7.6%, compared with 9.4% in Texas.
Housing Stock
| Metric | Martin County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.61 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1988 | 1990 | 1978 |
| Median Number of Rooms | 5.6 | 5.4 | 5.5 |
The typical housing unit in Martin County was built around 1988. On average, 2.6 people live in a home with about 5.6 rooms, staying for about 14.0 years on average.
Martin County, TX Housing Compared With Nearby Counties
How Martin County, TX compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Martin County, TX | 5,218 | $69,444 #3/3 | $970 #3/3 | 78.1% #1/3 |
| Midland County, TX | 174,801 | $75,784 | $1,406 | 67.6% |
| Howard County, TX | 32,290 | $223,750 | $1,034 | 69.5% |
Frequently Asked Questions
Common questions about the housing market in Martin County, Texas.
What is the median home price in Martin County, Texas?
The median home price in Martin County, Texas is $69,444, lower than the Texas average of $258,873.
What is the average home price in Martin County, Texas?
The typical home price in Martin County, Texas, reported as the median sale price, is $69,444. 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, Texas?
The median gross rent in Martin County, Texas is $970 per month, lower than the Texas average of $1,402.
What was the median gross rent in Martin County in 2020?
In 2020, the median gross rent in Martin County, Texas was $760 per month.
What is the price-to-rent ratio in Martin County, Texas?
The price-to-rent ratio in Martin County, Texas is about 6.0, meaning it would take roughly 6.0 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, Texas?
Home prices and rent are moving in opposite directions in Martin County: home prices fell about 15.0% a year while rent rose about 3.9% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Martin County, Texas?
72.1% of households in Martin County, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Martin County, Texas?
The housing vacancy rate in Martin County, Texas is 7.6%, lower than the Texas average of 9.4%.
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