States › Virginia › Martinsville

Is Martinsville, VA expensive to live in?

OKRent takes 20 cents of every $1 people earn here.
🏠 Rent per month (2026)$85052% lower than U.S. average
💵 Families earn per year (2026)$50,395about $4,200/month · 42% lower than U.S. average
🔑 House price$98,40070% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $34,000 a year. That is $16 an hour at a full-time job.

Is rent cheaper than other Virginia cities?

Yes. Rent here is cheaper than in most of Virginia. It is number 10 of 199 cities from cheapest to most expensive.

Martinsville
$850
Brandermill
$1,833
Huntington
$2,148
Newington
$2,851
Kings Park West
$3,282
Forest
$1,847
Groveton
$1,872

How much do households earn in Martinsville?

Under $25k
26.7%
$25k–50k
27.7%
$50k–100k
26.4%
$100k–150k
6.4%
$150k+
6.7%

Share of households by yearly income. 13.1% of households earn $100,000 or more.

Rent by apartment size in Martinsville

SizeMartinsvilleU.S. average
1 bedroom$681$1,324
2 bedrooms$822$1,509
3 bedrooms$928$1,698
4 bedrooms$999$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Martinsville overall?

Everyday prices in Virginia overall are 1% above the U.S. average (index 101.1, U.S. = 100).

Housing
107
Goods (food, clothes…)
100
Utilities
92
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Martinsville, so the Virginia figure is shown.

Taxes and bills in Martinsville

🏛️ Property tax$760a year · 0.77% of home value · U.S. $3,119
⚡ Electric bill$199a month (typical) · U.S. $156

Life in Martinsville

Commute to work21.3 minU.S.: 26.4 min
College degree22.1%U.S.: 35.7%
Own their home55.4%U.S.: 65.2%
Below poverty line23.5%U.S.: 12.5%
Unemployment2.9%U.S.: 5.2%

Is it cheaper to rent or buy in Martinsville?

Buying is cheaper month to month: about $167 a month less than renting.

Renting
$850
Owning
$683

Owning assumes a typical $98,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $9,840 for the down payment.

Frequently asked questions

What is the average rent in Martinsville, VA?

Renting in Martinsville costs a median of about $850 a month in 2026, including utilities. The Virginia median is $2,049.

How much do I need to make to live in Martinsville?

To keep rent under 30% of income, you need about $34,000 a year, or $16 an hour at a full-time job.

Is Martinsville cheap or expensive?

Martinsville is rated OK: rent takes 20.2% of the typical household income of $50,395. It ranks 10th cheapest of 199 Virginia cities we track.

How much are property taxes in Martinsville?

The median homeowner in Martinsville pays $760 a year in property taxes, about 0.77% of the median home value.

Is Martinsville more expensive than the national average?

Overall prices in Virginia are 1% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Martinsville?

The median home value in Martinsville is $98,400, about 2.0 times the typical yearly household income.

13,658 people live in Martinsville. Numbers are typical (middle) values.