Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 13,584 ↑ 0.7% since 2020 |
| Median Household Income | $42,434 43% below national median |
| Median Home Value | $92,500 |
| Unemployment Rate | 4.4% |
| Median Age | 40.2 years |
| Housing Vacancy Rate | 20.1% |
| Total Land Sales (Past 12 Months) | 55 transactions |
| Active Listings | 26 properties |
| Avg Days on Market | 575 days |
Rural Land Sales (1+ Acres) (Jul 2025 – Mar 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $4,036 |
| Recent Sales | 14 transactions |
| Avg Days on Market | 578 days |
| Avg Parcel Size | 14.60 acres |
| Active Listings | 12 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Mar 2026New | 1.26 | $11,800 | $9,365 | Martinsville |
| Oct 2025 | 1.75 | $8,200 | $4,686 | Martinsville |
| Jul 2025 | 1.15 | $13,000 | $11,314 | Martinsville |
Suburban/Urban Land Sales (Under 1 Acre) (Oct 2025 – Jan 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $3,500 |
| Recent Sales | 41 transactions |
| Avg Days on Market | 575 days |
| Avg Parcel Size | 0.30 acres |
| Active Listings | 14 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Jan 2026 | 0.64 | $3,500 | Martinsville |
| Jan 2026 | 0.62 | $3,500 | Martinsville |
| Dec 2025 | 0.23 | $9,200 | Martinsville |
| Oct 2025 | 0.29 | $6,000 | Martinsville |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 13,584 |
| Population (2020) | 13,485 |
| Population Growth | 0.73% |
| Median Household Income | $42,434 |
| Median Home Value | $92,500 |
| Total Housing Units | 7,031 |
| Vacant Housing Units | 1,412 |
| Housing Vacancy Rate | 20.1% |
| Median Age | 40.2 |
| Bachelor's Degree or Higher | 1,127 (8.3%) |
| Unemployment Rate | 4.4% |
Market Overview
Martinsville city, Virginia has a population of 13,584, which has grown 0.73% since 2020. The median household income is $42,434, below the national median of $74,580 by 43.1%. The housing vacancy rate of 20.1% suggests soft market conditions. The county's location in Virginia makes it accessible for investors and developers seeking rural land. Recent rural land sales show a median price of $4,036 per acre, with properties averaging 14.60 acres. There are currently 26 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Martinsville city, Virginia?
As of the 2023 American Community Survey, Martinsville city has a population of 13,584. The county has grown 0.73% since the 2020 Census, indicating a growing community.
What is the median household income in Martinsville city?
The median household income in Martinsville city is $42,434, which is 43.1% below the national median of $74,580.
Is Martinsville city growing or shrinking?
Martinsville city is growing. The population has increased 0.73% since 2020.
What is the housing market like in Martinsville city?
The median home value in Martinsville city is $92,500. The housing vacancy rate is 20.1%, which suggests soft market conditions. The unemployment rate is 4.4%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $4,036 per acre. Suburban/urban lots under 1 acre have a median lot price of $3,500.
Does Reelvest buy land in Martinsville city, Virginia?
Yes! Reelvest Properties buys vacant land throughout Virginia, including Martinsville city. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.