Martin County Median Home Value Hits $386,500, Census Data Shows
New ACS estimates put median household income at $80,701 for county's 160,464 residents
MARTIN COUNTY — New Census Bureau data offers a baseline economic portrait of Martin County, with median household income at $80,701 and median home value at $386,500.
WHAT HAPPENED: The U.S. Census Bureau released its 2023 American Community Survey five-year estimates for Martin County, updating key income, housing and employment benchmarks.
THE NUMBERS: Martin County's total population stands at 160,464. Median household income is $80,701. Median home value is $386,500 — putting the home-price-to-income ratio at roughly 4.8-to-1. The county reports 17,817 residents living below the poverty level, approximately 11.1% of the population. The civilian labor force includes 3,260 unemployed residents.
WHAT IT SIGNALS: The 4.8-to-1 price-to-income ratio means a median-earning household would need nearly five years of gross income to cover the median home price — before taxes, insurance or other costs. For buyers calculating affordability, this ratio is a starting point, not a complete picture; property insurance, property taxes and flood zone designations add significantly to the true cost of ownership in coastal Martin County.
WHO IS AFFECTED: Prospective homebuyers weighing Martin County against neighboring St. Lucie or Palm Beach counties. Renters assessing whether homeownership is within reach. Small-business owners using local income data to gauge customer spending power.
WHAT WE DON'T KNOW: These are five-year rolling estimates covering 2019–2023 and may not capture the most recent shifts in home prices or post-pandemic migration trends. The data does not break out insurance costs or property tax burden.
WHAT TO WATCH: Single-year ACS estimates and updated county property appraiser valuations, which may reflect more current conditions.
This article was generated with AI assistance using publicly available information. It was reviewed and approved by a human editor before publication. TC Sentinel uses AI writing tools in accordance with FTC guidelines.