Martin, TN home prices
Typical home $189,638 · +6.5% in a year · income needed $51,100
The Martin, TN metro area ranks 681 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +6.5% in a year and +40.8% over five years. With 20% down at 7.11%, the typical home costs about $1,192 a month including 0.48% property tax (Weakley County rate).
Mortgage on the typical Martin home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $37,928 | $151,710 | $1,021 | $0 | $171 | $1,192 | $51,100 |
| 10% down | $18,964 | $170,674 | $1,148 | $71 | $171 | $1,390 | $59,600 |
| 5% down | $9,482 | $180,156 | $1,212 | $75 | $171 | $1,458 | $62,500 |
| 3.5% down (FHA) | $6,637 | $186,203 | $1,253 | $84 | $171 | $1,507 | $64,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.48% 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.
Counties in the Martin area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Weakley County, TN | $189,627 | +6.5% | 0.48% |
What can you afford in Tennessee on your salary? · Tennessee home prices · Salaries in Tennessee
Frequently asked questions
How much is a house in Martin?
The typical home in the Martin, TN metro area is worth $189,638 (Zillow, September 2026).
What salary do you need to buy a house in Martin?
About $51,100 a year for the typical home with 20% down at 7.11%.