Martinsville, IN Profile: Facts & Data

Martinsville, Indiana - Basic Facts

The City of Martinsville had a population of 11,819 as of July 1, 2024.

The primary coordinate point for Martinsville is located at latitude 39.4278 and longitude -86.4283 in Morgan County. The formal boundaries for the City of Martinsville encompass a land area of 4.49 sq. miles and a water area of 0.02 sq. miles. Morgan County is in the Eastern time zone (GMT -5).

The City of Martinsville has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Martinsville is located within Township of Washington, a minor civil division (MCD) of Morgan County.

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Martinsville, IN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	11,819 (100%)
Population in Households	11,366 (96.2%)
Population in Families	8,738 (73.9%)
Population in Group Quarters¹	453 ( 3.8%)
Population Density	1,291
Diversity Index²	17


INCOME
Median Household Income	$55,292
Average Household Income	$72,888
% of Income for Mortgage⁴	19%
Per Capita Income	$30,198
Wealth Index⁵	54
Socioeconomic Status Index⁶	Moderate (49.6)

HOUSING
Total HU (Housing Units)	5,314 (100%)
Owner Occupied HU	2,960 (55.7%)
Renter Occupied HU	1,932 (36.4%)
Vacant Housing Units	422 ( 7.9%)
Median Home Value	$166,835
Average Home Value	$192,601
Housing Affordability Index³	137

HOUSEHOLDS
Total Households	4,892
Average Household Size	2.32
Family Households	2,901
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

5,314 (100%)

Owner Occupied HU

2,960 (55.7%)

Renter Occupied HU

1,932 (36.4%)

Vacant Housing Units

422 ( 7.9%)

Median Home Value

$166,835

Average Home Value

$192,601

Housing Affordability Index³

137

HOUSEHOLDS

Total Households

4,892

Average Household Size

2.32

Family Households

2,901

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.22%	-0.17%
Households	0.04%	0.12%
Families		-0.06%
Median Household Income		3.36%
Per Capita Income		3.53%
Owner Occupied HU		0.97%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-0.22%

-0.17%

Households

0.04%

0.12%

Families

-0.06%

Median Household Income

3.36%

Per Capita Income

3.53%

Owner Occupied HU

0.97%

Martinsville, IN - Peer Comparisons by Rank and Percentile

The table below compares Martinsville to the other 976 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 74	93rd
Population Density	# 341	65th
Median Household Income	# 787	19th
Housing Affordability Index	# 579	59th
Per Capita Income	# 729	25th
Diversity Index	# 498	49th

Variable Description

Rank

Percentile

Total Population

# 74

93rd

Population Density

# 341

65th

Median Household Income

# 787

19th

Housing Affordability Index

# 579

59th

Per Capita Income

# 729

25th

Diversity Index

# 498

49th

Indiana Census Data Comparison Tool

Martinsville, IN Profile: Facts & Data

Martinsville, Indiana - Basic Facts

Martinsville, IN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Martinsville, IN - Peer Comparisons by Rank and Percentile

Martinsville, IN - Most Popular Things to Do

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Morgan County