Martinsville City, VA home prices
Martinsville City, VA: the typical home is worth $116,574 as of 2026-05, down -2.1% over the past year and +108.9% since 2000. Rent, income, days on…
Martinsville City is falling and undervalued — very affordable for what people here earn.
Real Estate Price Map scores, derived from the data on this page · how we calculate them
1979: $30,485 → 2026: $116,574 (3.8×) pre-2000 estimated via FHFA index
Market read
At $116,574, homes in Martinsville City sit 62% below the Virginia median ($309,032) and 50% below the US median ($233,954). That ranks #131 of 133 Virginia counties by price.
Prices are cooling (-2.1% in the last year) — leaning buyer's market.
At 2.6× local income, that's more affordable than the typical US county (~3.8×).
Against the typical US price-to-income and price-to-rent, homes here look ~31% cheap for local incomes and rents — a relative bargain.
Home value history
Zillow ZHVI, monthly from 2000 · recessions shaded. See the full 1975 history on the interactive map →
Nearby counties
Henry County, VA ($141,110) · Franklin County, VA ($360,311) · Rockingham County, NC ($202,357) · Patrick County, VA ($194,648) · Danville City, VA ($136,557) · Pittsylvania County, VA ($193,454)
Frequently asked questions
What is the average home price in Martinsville City, VA?
Are home prices in Martinsville City rising or falling?
Is Martinsville City affordable?
| Year | Median home value |
|---|---|
| 2000 | $55,797 |
| 2001 | $58,560 |
| 2002 | $61,945 |
| 2003 | $65,796 |
| 2004 | $70,771 |
| 2005 | $73,428 |
| 2006 | $83,907 |
| 2007 | $78,305 |
| 2008 | $73,720 |
| 2009 | $74,035 |
| 2010 | $67,442 |
| 2011 | $63,427 |
| 2012 | $62,892 |
| 2013 | $66,973 |
| 2014 | $64,948 |
| 2015 | $63,282 |
| 2016 | $62,533 |
| 2017 | $64,038 |
| 2018 | $61,386 |
| 2019 | $60,018 |
| 2020 | $63,581 |
| 2021 | $71,297 |
| 2022 | $83,726 |
| 2023 | $100,254 |
| 2024 | $99,979 |
| 2025 | $117,935 |
| 2026 | $120,674 |