The typical owner-occupied home in Martin County is worth about $86,900, 58% below the Kentucky median of $205,600 and 74% below the national median of $332,700. Owners pay a median $716 a year in property taxes, about 0.82% of their home's value, higher than the Kentucky rate of 0.75%. The median household earns $37,042 a year, so the median home costs 2.3 times the median income (3.2 times for Kentucky). 85% of occupied homes here are lived in by their owners, and 17% of those owners still have a mortgage.
Martin County at a glance
| Martin County | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $86,900 | $205,600 | $332,700 |
| Median property tax paid per year | $716 | $1,544 | $3,119 |
| Property tax as a share of value | 0.82% | 0.75% | 0.94% |
| Median household income | $37,042 | $63,726 | $80,734 |
| Homes lived in by their owners | 85% | 68% | 65% |
| Owner homes with a mortgage | 17% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,371 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 18.5% | 18.8% | 21.0% |
| Median rent | $450 | $967 | $1,413 |
| Rent as a share of renters' income | 41.1% | 28.1% | 30.6% |
| Median year homes were built | 1984 | 1982 | 1980 |
| Vacant homes | 20.7% | 10.3% | 10.1% |
| Population | 11,027 | 4,534,824 | 334,922,499 |
What a typical home costs per month in Martin County
At this week's average 30-year rate of 7.11%, buying the median Martin County home of $86,900 with 20% down costs about $563 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $708, 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 $24,140 for the 20%-down payment. That payment is 18% of the median Martin County household income of $37,042; at that income and 20% down, the 28% guideline points to a home of about $133,000.
The median rent here is $450 a month, so owning the median home costs about $113 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $17,380 |
|---|---|
| Loan amount | $69,520 |
| Principal and interest | $468 |
| Property taxes (0.82% a year) | $59 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| PMI | $0 |
| Total per month | $563 |
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| Down payment | $3,042 |
|---|---|
| Loan amount | $85,326 |
| Principal and interest | $574 |
| Property taxes (0.82% a year) | $59 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| FHA mortgage insurance | $38 |
| Total per month | $708 |
Change the numbers in the calculator
Questions about home buying in Martin County
What is the median home value in Martin County?
About $86,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Martin County?
Homeowners pay a median $716 a year, which is about 0.82% 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 County?
For the median home with 20% down at 7.11%, the payment is about $563 a month. Keeping that under 28% of gross income takes about $24,140 a year.
More about Martin County
- Mortgage Refinance in Martin County
- Debt Relief in Martin County
- Home Equity Loans in Martin County
- 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