The typical owner-occupied home in Martin is worth about $164,400, 46% below the Georgia median of $303,300 and 51% below the national median of $332,700. Owners pay a median $1,244 a year in property taxes, about 0.76% of their home's value, close to the Georgia rate of 0.77%. The median household earns $45,313 a year, so the median home costs 3.6 times the median income (3.9 times for Georgia). 72% of occupied homes here are lived in by their owners, and 50% of those owners still have a mortgage.
Martin at a glance
| Martin | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $164,400 | $303,300 | $332,700 |
| Median property tax paid per year | $1,244 | $2,341 | $3,119 |
| Property tax as a share of value | 0.76% | 0.77% | 0.94% |
| Median household income | $45,313 | $77,353 | $80,734 |
| Homes lived in by their owners | 72% | 66% | 65% |
| Owner homes with a mortgage | 50% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,140 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 23.9% | 20.0% | 21.0% |
| Median rent | $869 | $1,393 | $1,413 |
| Rent as a share of renters' income | 23.6% | 31.3% | 30.6% |
| Median year homes were built | 1977 | 1992 | 1980 |
| Vacant homes | 9.6% | 10.3% | 10.1% |
| Population | 422 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Martin
At this week's average 30-year rate of 7.11%, buying the median Martin home of $164,400 with 20% down costs about $1,057 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,331, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $45,315 for the 20%-down payment. That payment is 28% of the median Martin household income of $45,313; at that income and 20% down, the 28% guideline points to a home of about $164,000.
The median rent here is $869 a month, so owning the median home costs about $188 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $32,880 |
|---|---|
| Loan amount | $131,520 |
| Principal and interest | $885 |
| Property taxes (0.76% a year) | $104 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| PMI | $0 |
| Total per month | $1,057 |
Change the numbers in the calculator
| Down payment | $5,754 |
|---|---|
| Loan amount | $161,422 |
| Principal and interest | $1,086 |
| Property taxes (0.76% a year) | $104 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| FHA mortgage insurance | $73 |
| Total per month | $1,331 |
Change the numbers in the calculator
Questions about home buying in Martin
What is the median home value in Martin?
About $164,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Martin?
Homeowners pay a median $1,244 a year, which is about 0.76% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Martin?
For the median home with 20% down at 7.11%, the payment is about $1,057 a month. Keeping that under 28% of gross income takes about $45,315 a year.
More about Martin
- Mortgage Refinance in Martin
- Debt Relief in Martin
- Home Equity Loans in Martin
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data