Martin, TN Housing Market
AI-powered market intelligence for the Martin, TN metro area.
PropertyIQ Scores
Martin, TN Market Analysis
Market Overview
Martin, Tennessee, earns a PropertyIQ Score of 85 out of 100, placing it in strong territory. The score is driven by four top factors: 12-month home value momentum of 13.21%, 3-month home value momentum of -0.82%, median days on market of 58 days, and a 12.0% share of listings with a price cut. These indicators point to a market that has appreciated over the past year while maintaining a balanced pace of sales. Compared with state benchmarks, Martin is significantly more affordable. The median home value is $195,647, well below the state average of $336,508. The rent index is $966, below the state average of $1,122. Median household income is $49,502, also below the state average of $67,097. The unemployment rate is 3.5%, matching the state exactly.
The market’s strength is nuanced. Annual home value growth is robust at 13.21%, with a year-over-year median home value increase of $10. However, the most recent 3-month momentum is -0.82%, indicating that near-term price movement has softened. Inventory stands at 77 homes for sale, and the median days on market of 58 days suggests homes are moving at a moderate pace. The 12.0% price-cut share is relatively low, meaning most sellers are not aggressively reducing asking prices. Overall, Martin combines below-state home prices and rents with steady employment and a strong annual appreciation trend, though the recent quarterly decline warrants attention.
Key Trends
The first trend is strong annual price growth with a short-term cool-down. Home values rose 13.21% over 12 months, and the median home value increased by $10 year over year. At the same time, 3-month momentum of -0.82% shows that the rapid appreciation has not carried into the most recent quarter. This suggests price growth may be leveling off after a strong run.
The second trend is affordability relative to Tennessee as a whole. Martin’s median home value of $195,647 is far below the state average of $336,508, and its rent index of $966 is below the state average of $1,122. Median household income is also lower at $49,502 versus $67,097 statewide. This means housing costs are lower, but local incomes are lower as well. Still, the lower median home price can make ownership more accessible than in higher-priced parts of the state.
The third trend is a balanced market pace. Median days on market is 58 days, and 12.0% of listings have a price cut. These two figures, both top score drivers, indicate that demand is steady enough to move inventory within roughly two months without widespread discounting. With 77 homes for sale, the inventory level is modest, though no historical comparison is provided.
The fourth trend is labor market stability. The unemployment rate of 3.5% matches the state average, which supports local housing demand. Population growth is not available in the provided data, so it is not possible to assess whether demographic trends are adding housing pressure.
Who Is This Market For
First-time buyers and budget-conscious households are a natural fit for Martin. The median home value of $195,647 is well below the state average, and the rent index of $966 is also lower than the state benchmark. While median household income of $49,502 trails the state average, the lower price point may still provide an entry point for buyers who would be priced out of more expensive Tennessee markets.
Investors may also find the relationship between values and rents attractive. The rent index of $966 paired with a median home value of $195,647 suggests a more favorable purchase-price-to-rent ratio than the state average, where the rent index is $1,122 against a median home value of $336,508. This lower-cost profile can appeal to buy-and-hold investors seeking rental income. However, the data does not include operating expenses, taxes, or other property-level costs.
Move-up buyers and sellers can point to the 13.21% 12-month home value momentum and the $10 year-over-year increase as evidence of appreciation. However, the -0.82% 3-month momentum and 12.0% price-cut share suggest sellers should price carefully. With a median days on market of 58 days, well-positioned homes may sell within a reasonable window, but aggressive pricing could extend time on market.
Outlook
Martin’s outlook is stable but measured. The PropertyIQ Score of 85, supported by 13.21% annual momentum, a 58-day median days on market, and a 12.0% price-cut share, indicates a healthy market. The 3.5% unemployment rate, equal to the state average, provides a stable foundation for housing demand. At the same time, the -0.82% 3-month home value momentum suggests that the strong annual pace may be cooling. If that short-term trend continues, future annual appreciation could moderate. With median home values and rents below state averages, Martin remains a lower-cost alternative within Tennessee. The lack of population growth data limits any demographic outlook, but based on the provided metrics, the market is positioned for continued stability rather than rapid acceleration.
AI-generated analysis based on current market data. Last updated August 19, 2026.
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Martin, TN market data
Martin, TN Housing Market Overview
Martin, TN's median home value is $196K, up 13.2% over the past year. Homes here sell in a median 58 days. Its PropertyIQ Score of 85 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.
Understanding the Martin, TN housing market requires looking beyond headline price figures. The PropertyIQ Score reads both sides of market strength: Zillow price momentum across 3- and 12-month windows, and Realtor.com flow signals — days on market and the share of listings with price cuts. Together they predict how this TN metro is set to perform relative to the rest of its state.
Southeastern markets benefit from manufacturing investment, logistics infrastructure, and relative affordability compared to national averages. The region's population growth — driven by both domestic migration and natural increase — supports sustained housing demand across metro and suburban areas. Within the Southeast, Martin, TN's PropertyIQ Score of 85 ranks among the Southeast's stronger demand signals.
Tennessee's no-income-tax status and central location have fueled Nashville's rise as a corporate relocation destination, while Memphis and Knoxville offer more affordable alternatives with their own economic drivers.
For the Martin, TN market, PropertyIQ calculates a single score each month from four inputs: twelve-month Zillow home-value momentum, three-month Zillow home-value momentum, median days on market from Realtor.com, and the Realtor.com price-reduced share. The score is computed nationally across all metros and calibrated so 50 equals the state average. Across the validation history, metro markets in the top score band have outperformed their state by roughly 1.7 percentage points more per year than bottom-band markets. Momentum here has been positive, with home values up 13.2% over the past year.
View Martin, TN's complete market profile including historical price trends, score history, and AI-generated analysis. Compare this market against any other US metro to find the best opportunities for your investment strategy.
Counties in the Martin, TN metro area
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Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Martin, TN a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Martin, TN currently scores 85, a strong-momentum reading that leaves it positioned to outperform its state over the next three years. For buyers, strengthening demand usually means rising competition and firmer prices, so waiting can cost you negotiating room. Backing that up, the median home value here is $196K, up 13.2% over the past year. So whether Martin, TN is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Martin, TN?
Martin, TN's PropertyIQ Score is 85, indicating strong momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 85 places Martin, TN above its state benchmark.
Are home prices in Martin, TN rising or falling?
Home prices in Martin, TN are rising. Over the past year, the median home value increased 13.2%, reaching $196K. Over the latest three months, values slipped 0.8%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Martin, TN's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Martin, TN?
In Martin, TN, homes sell in a median of 58 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 12% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Martin, TN market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.