What to know before you move: cost, market timing, who it fits.
If you're considering a move to Martinsville, VA, the most important variables are the local housing market, the cost structure (taxes, insurance, utilities), and how well the city fits your day-to-day life. This page summarizes the housing market read; pair it with the cost of living page for the full picture.
Martinsville is a city in Martinsville city, Virginia, with an estimated population of 13,834. The population grew 0.6% annually from 2020 to 2024, a moderate gain. The median home value in Martinsville is $127,646 as of 2026-04, down 1.3% over the last 12 months. Over the last five years, home values have averaged +7.0% annual growth (-2.1% from the 5-year peak). Rents in Martinsville average $893 per month. The composite momentum score is 63 of 100 (Rising). The market is healthy with prices supported by underlying demand.
Quiet strength: prices near or at all-time highs (-2.1% from 5-year peak). Solid market for owner-occupiers; investors should underwrite conservatively given the elevated entry point.
Reasons people move here
- Healthy 5-year run: +7.0% annualized over 5 years, outpacing US inflation.
- Held the highs: currently -2.1% from the 5-year peak — this market refused to give back gains.
- Cheap entry point: $127,646 median home is well below the US median of $355k — room to grow without overpaying.
Things to know first
- Local nuance: city-level data smooths over neighborhood differences. School zones, HOA rules, and street-level character matter — visit before deciding.
- Local nuance (school zones, neighborhood quality) varies block by block — visit before deciding.
More about Martinsville
Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.