1st Advantage MortgageIn Martinsville city, Virginia, the typical household earns $46,727 a year and the typical rent is $808. Whatever your own numbers, compare written offers on APR, fees and total cost, and verify the lender is licensed in Virginia before sharing details.
On this page
- Who lives in Martinsville city
- Income in Martinsville city compared with Virginia
- Work, industries and travel time in Martinsville city
- Housing costs in Martinsville city
- Cities, towns and CDPs in Martinsville city
- The counties around Martinsville city
- Budget math at the Martinsville city median
- Reading the Martinsville city data as a borrower
- More Martinsville city figures
- Virginia rules that apply in Martinsville city
- Four steps for Martinsville city borrowers
- More guides for Martinsville city
- Frequently asked questions
Who lives in Martinsville city
With an estimated 13,658 residents (ACS 2020 to 2024), Martinsville city ranks 104th of 133 in Virginia for population. Land area is 11 square miles (2024 Gazetteer), so density runs near 1,247 per square mile. It sits outside every metropolitan statistical area in the July 2023 OMB delineation. The Census Bureau counts 1 place in the county (1 incorporated, 0 census-designated); the largest is Martinsville, with about 13,658 residents, or 100% of the county.
Income in Martinsville city compared with Virginia
Martinsville city households have a median income of $46,727 (ACS 2020 to 2024), which ranks 126th of 133 in Virginia.
| Yearly household income | Martinsville city | Gap to Virginia |
|---|---|---|
| Under $35,000 | 38.3% | +20.5 pts |
| $35,000 to $99,999 | 44.6% | +9.3 pts |
| $100,000 to $199,999 | 11.2% | -17.9 pts |
| $200,000 or more | 5.8% | -11.8 pts |
Some 38% of households here live on less than $35,000 a year; 17% have six-figure incomes. 23.5% of residents fall below the federal poverty line (statewide: 9.9%). The Gini index of income inequality is 0.502 (0 is perfect equality). A household earning below the $46,727 median should test any payment carefully; one earning above it should still pick the shortest term it can manage.
Work, industries and travel time in Martinsville city
Education and health care employs 22% of working residents, the largest share; retail trade is next with 14%. Compared with Virginia, the county leans toward manufacturing (14% against 7%). The survey's unemployment rate for Martinsville city averages 2.9% over 2020 to 2024 (state: 4.3%). About 80% drive to work alone and 12% have trips of 45 minutes or more. Only 9.7% of homes here go without a vehicle.
| Sector | Martinsville city | Compared with Virginia |
|---|---|---|
| Education and health care | 22.4% | +0.1 pts |
| Retail trade | 14.4% | +4.6 pts |
| Manufacturing | 13.6% | +6.5 pts |
| Professional and administrative services | 13.1% | -3.7 pts |
| Arts, lodging and food service | 9.5% | +1.6 pts |
| Transportation, warehousing and utilities | 6.0% | +1.2 pts |
Shorter commutes usually mean lower vehicle costs, which can leave more room for a payment, or for paying a loan off early.
Housing costs in Martinsville city
Renters in Martinsville city pay a median of $808 a month, 49% below the Virginia figure of $1,579. 40% of renting households spend 30% or more of income on rent, and 22% spend half or more. With a median value of $98,400, a typical Martinsville city house costs 2.1 times what the median household earns in a year. Owners occupy 55% of homes. Median construction year: 1958.
| Housing | Martinsville city | Virginia statewide | Typical U.S. county |
|---|---|---|---|
| Median gross rent | $808/mo | $1,579/mo | $877/mo |
| Median home value | $98,400 | $383,700 | $185,300 |
| Owners | 55% | 67% | 75% |
| Rent-burdened renters | 40% | 49% | 45% |
| Burdened owners | 36% | 25% | n/a |
| Vacant units | 19% | 9% | n/a |
Cities, towns and CDPs in Martinsville city
Just one Census place, Martinsville, lies mainly within Martinsville city; it holds about 13,658 people. This guide covers each of the 1 places and the rural areas around them.
| Place | Type | Population | Median income | Median rent | From county center |
|---|---|---|---|---|---|
| Martinsville | city | 13,658 | $46,727 | $808 | 0 mi |
The counties around Martinsville city
Henry County is closest, 8 miles from center to center; the sixth, Pittsylvania County, is 27 miles off. 5 of the six report a higher median household income than Martinsville city; Franklin County is highest at $68,849 and Danville city lowest at $44,423. The list crosses into North Carolina, where different lending rules and regulators apply.
| County | Distance | Median income | Median rent | Owners |
|---|---|---|---|---|
| Martinsville city | - | $46,727 | $808/mo | 55% |
| Henry County, VA | 8 mi | $50,760 | $728/mo | 75% |
| Franklin County, VA | 21 mi | $68,849 | $829/mo | 78% |
| Rockingham County, NC | 21 mi | $57,053 | $810/mo | 72% |
| Patrick County, VA | 23 mi | $53,038 | $716/mo | 77% |
| Danville city, VA | 26 mi | $44,423 | $836/mo | 48% |
| Pittsylvania County, VA | 27 mi | $54,085 | $861/mo | 79% |
Budget math at the Martinsville city median
The debt-to-income ratio is the main affordability test lenders use. Applied to Martinsville city's medians:
- Median income divided by twelve: $3,894 before taxes
- Rent at the median, $808, takes 21% of that
- Under a 36% cap, $1,402 total minus rent leaves $594
- 43% debt-to-income limit: $866 left for all other debt payments
Lenders set their own limits and look beyond the ratio. The DTI calculator uses your figures instead of Martinsville city's.
Reading the Martinsville city data as a borrower
A few patterns in the Martinsville city data, and the practical point behind each:
- Free help first. 24% of residents live below the poverty line; utility, rent and food programs cost nothing to repay (free options).
- Consolidating cards in Martinsville city. Compare the total repaid, not the monthly figure (how).
- Requirements. Lenders weigh credit history, documented income and existing debt (what to gather).
More Martinsville city figures
22% of Martinsville city adults 25 and older hold a bachelor's degree or more. About 8% go without health insurance.
| People and households | Martinsville city | Virginia | Median county |
|---|---|---|---|
| Median age | 38.4 | 39.0 | 41.5 |
| Bachelor's or higher | 22.1% | 42.2% | 22.2% |
| No high school diploma | 11.3% | 8.4% | n/a |
| No health insurance | 8.3% | 6.9% | 7.8% |
| No vehicle | 9.7% | 6.1% | 5.4% |
| Work from home | 10.0% | 18.3% | 8.7% |
| Poverty rate | 23.5% | 9.9% | 13.2% |
| Unemployment (ACS) | 2.9% | 4.3% | 4.4% |
| Travel time to work | Workers |
|---|---|
| Under 15 min | 46.9% |
| 15 to 29 min | 30.7% |
| 30 to 44 min | 10.6% |
| 45 to 59 min | 3.4% |
| 60+ min | 8.3% |
Virginia rules that apply in Martinsville city
The Virginia Bureau of Financial Institutions is the place to verify any lender's Virginia license. The Consumer Financial Protection Bureau accepts complaints nationwide. See the Virginia state guide for the statewide picture.
Four steps for Martinsville city borrowers
Four checks before you sign anything:
- Write down what the expense costs; a smaller loan costs less.
- Ask each lender for the APR and all fees in writing.
- Check the license, then the reviews, then the offer.
- Keep a small cushion so one surprise bill does not mean another loan.
More guides for Martinsville city
The Virginia guide covers the whole state.
Frequently asked questions
Is Martinsville city a high-income county?
Its $46,727 median ranks 126th of 133 Virginia counties and compares with $65,681 for the median U.S. county.
How does Martinsville city rent compare with Virginia?
$808 locally versus $1,579 for the state, 49% below.
I live in a small Martinsville city town. Is this my guide?
Yes. If your town has no city guide, this county page is the local one; it covers Martinsville.
Does my county matter to the questionnaire?
Only your state does. Whether you live in Martinsville city or elsewhere in Virginia, the same rules apply.
Where can someone in Martinsville city check a lender's license?
With the Virginia Bureau of Financial Institutions. If a lender is unlicensed or asks for a fee before funding, walk away.