Market Overview
Home Prices in Martinsville, VA
The median home value in Martinsville, VA is $135,786 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.8% compared to a year ago and up 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Martinsville are priced67% below average. Martinsville is part of the Martinsville, VA metro area.
Over the past five years, Martinsville home values have risen by approximately31.4%, reflecting strong long-term appreciation in this market.
Price History
Martinsville Home Price Trend
City Comparison
Martinsville vs. National Median
At $135,786, homes in Martinsville cost 67% below the national median of $410,000. This makes Martinsville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Martinsville?
20% Down Payment
$27,157
on $135,786
Monthly P&I
$708/mo
30-yr @ 6.8%
Total Monthly Est.
~$899/mo
incl. taxes & insurance
Income Needed
$35,960
gross annual (30% rule)
10% Down Option
$13,579
+ PMI applies
Loan Amount (20% dn)
$108,629
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Martinsville, VA?
The median home value in Martinsville is $135,786 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.8% year-over-year.
How much have home prices changed in Martinsville?
Over the past year, home values in Martinsville have decreased by 2.8%. Over five years, prices have risen approximately 31.4%.
How much do I need to earn to buy a home in Martinsville?
To comfortably afford the median home price of $135,786 with a 20% down payment ($27,157) at today's rates (6.8%), you'd need a gross annual income of approximately $35,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Martinsville compare to the national average home price?
The national median home value is approximately $410,000. At $135,786, homes in Martinsville are 67% below the national average.
What metro area is Martinsville part of?
Martinsville is part of the Martinsville, VA metropolitan area. Home prices and market conditions can vary across the broader metro region.