Counties / Indiana / Martin County

Martin County, IN

FIPS 18101 · population 9,830 · outside every metro area

$210k
Zillow home value · 2026-06
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$210k
▲ 3.9% year over year
Zillow ZHVI · direct
ACS median gross rent
$697
occupied-unit survey; not current asking rent
Census ACS · surveyed
Gross yield
n/a
gross yield cannot be computed without measured market rent
requires both measured price and measured rent
HUD 2-bed standard
$956
the Section 8 payment standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

One annual series is unavailable
FHFA five-year cumulativen/anot annualized · through n/a
0%ZILLOW ZHVI2026-06+3.9%FHFA HPIperiod n/an/a
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-07-28.
Owner-reported value$159k
Surveyed gross rent$697
Rent burden 30%+36.6%
Median year built1981
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
14.8%vacant
4,583estimated housing units
Occupied tenure21.5% renter
owner 78.5%renter 21.5%
Structure mix72.9% single-family
Single-family 72.9%20+ units 1.2%Mobile home 17.2%Other 8.7%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs8,140▼ 0.6% from the prior annual release
Covered establishments297annual average reporting locations
Average weekly wage$1,616▼ 0.4% from the prior annual release
Largest private supersectorProfessional and business services43.6% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS−0.6%WEEKLY WAGE−0.4%Professional and business services43.6%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

Martin County’s decision tension is a rising Zillow value signal against softer workplace data and unpriced rental and flood underwriting. It merits investigation by buyers able to validate parcel rent and flood costs; those relying on appreciation alone should be cautious. Zillow reports a $210,018 median home value, up 3.94% year over year. This is not a closed-sale price, and no FHFA repeat-transaction HPI is published to check its direction.

02Housing economics

Market rent is not published, so gross yield cannot be computed. HUD’s two-bedroom FMR of $956 per month is a payment standard, not a market asking-rent estimate, and cannot fill that gap. The effective property-tax rate is 0.54% and reported median annual tax is $865; both are county carrying-cost context, not a subject-property bill. Without asking rent, operating expenses, financing terms, or assessment data, cash-flow underwriting remains unresolved.

03Demand & competition

QCEW workplace evidence is modestly soft: 8,140 annual average covered jobs were down 0.60% from the prior annual average, while the $1,616 average weekly covered-worker wage also declined. These are county workplace jobs, not resident employment or unemployment. Professional and business services, the largest disclosed private supersector, accounts for 43.62% of private covered jobs; it does not describe the whole economy. Tax-return migration was net positive by 40 households, with inbound average income $1,035 above outbound. The investor measure is 3 of 67 purchases, or 4.48%, indicating limited measured non-owner purchase-mortgage participation. Realtor.com MLS listing price, inventory, marketing time, and price-reduction data are not published, so visible supply and seller concessions cannot be judged.

04Risk & next checks

Inland flood is the dominant hazard, and modeled annual climate loss equals 0.17% of building value. It is a modeled expected-loss ratio, not a dollar loss or property-specific flood determination. The record has six of eight evidence groups but lacks FHFA HPI, market rent, and MLS measures needed to test value strength against repeat-sales, leasing, or listing-market evidence. Check parcel flood zone and insurance quotes, comparable asking rents and vacancy, operating costs, and tax assessment; resilience, yield, and exit-liquidity conclusions remain unproven.

Cities & communities

Where people live within Martin County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Loogootee city2.9KShoals town679Crane town260Burns City CDP139Dover Hill CDP71
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

5 Census places

Population
  1. 01
    Loogootee cityIncorporated place
    2,853
  2. 02
    Shoals townIncorporated place
    679
  3. 03
    Crane townIncorporated place
    260
  4. 04
    Burns City CDPCensus-designated place
    139
  5. 05
    Dover Hill CDPCensus-designated place
    71

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.167% of building value expected lost per year

Effective property tax0.54%

$865 median annual bill

02
DemandIRS SOI household flows
Net migration+40

254 in · 214 out

Arriving vs leaving income+$1,035

$47,815 arriving · $46,780 leaving

03
CompetitionHMDA financed purchases
Purchases by investors4.5%

3 of 67 mortgages

investorother financed
No rent index is published for this county.Zillow’s county rent series does not cover every county, and estimating one from a neighbouring county would be a guess wearing a number’s clothes. Everything above is measured here; no wider market is mapped for it either.
Bear case

What can break the county thesis

  1. Market asking rent and operating costs are unpublished, so cash flow cannot be tested.
  2. Parcel-level flood exposure and insurance pricing may differ from the county modeled climate-loss ratio.
  3. Declining covered employment and missing MLS supply evidence leave local demand and seller-concession conditions unresolved.
Underwriting questions

Before pricing a property

Can HUD FMR establish market rent or gross yield?

No. FMR is a payment standard, while market asking rent is not published; gross yield therefore cannot be computed.

Does QCEW establish resident job growth?

No. QCEW measures annual average covered employment at workplaces in the county, not resident employment or unemployment, and the recorded job count declined.

Are MLS supply and seller-concession conditions observable in this record?

No. Realtor.com listing price, active inventory, days on market, and price-reduction measures are not published.