Martin County, Indiana home prices
Typical home $200,997 · +2.3% in a year · property tax 0.54%
The typical home in Martin County is worth $200,997, 22% less than the Indiana typical home ($257,165). Values changed +2.3% in the past year and +36.0% over five years. Homeowners here pay a median 0.54% of their home's value in property tax each year ($1,091 on the typical home), versus 0.74% statewide.
Mortgage on the typical Martin County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $40,199 | $160,798 | $1,082 | $0 | $191 | $1,273 | $54,600 |
| 10% down | $20,100 | $180,897 | $1,217 | $75 | $191 | $1,484 | $63,600 |
| 5% down | $10,050 | $190,947 | $1,285 | $80 | $191 | $1,555 | $66,700 |
| 3.5% down (FHA) | $7,035 | $197,356 | $1,328 | $89 | $191 | $1,608 | $68,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.54% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Indiana.
Indiana counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Vanderburgh County | $202,409 | +4.4% | 0.8% |
| Benton County | $203,022 | +3.5% | 0.77% |
| Scott County | $198,374 | +0.8% | 0.65% |
| Union County | $197,144 | +10.2% | 0.64% |
| Greene County | $196,235 | +5.1% | 0.58% |
| Lawrence County | $206,294 | +2.2% | 0.6% |
| Fountain County | $191,904 | +4.4% | 0.59% |
| Wabash County | $191,091 | +4.8% | 0.52% |
| Gibson County | $211,061 | +5.7% | 0.72% |
| Howard County | $190,881 | +4.4% | 0.72% |
Frequently asked questions
What is the average home price in Martin County, IN?
The typical home value in Martin County is $200,997 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Martin County?
About $54,600 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Martin County?
The median effective rate is 0.54% of home value a year (Census ACS 2024 5-year estimates).