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Martin County, FL

RANK #913 / 996  ·  POP 159,399  ·  FL

PROJECTED GROWTH: -1.8%

Martin County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Martin County?

Stuart, Florida, often called the "Sailfish Capital of the World," anchors Martin County, a region known for its commitment to preserving an "Old Florida" feel. The county, situated on Florida's Treasure Coast, maintains a four-story height restriction on buildings, contributing to its uncrowded beaches and open spaces. It lies north of Palm Beach County, offering a quieter alternative to more densely developed areas. Outdoor recreation is a major draw, with over 100,000 acres of parks and conservation land, including Jonathan Dickinson State Park, the largest in Southeast Florida. Residents and visitors can enjoy 22 miles of beaches, kayaking on the Loxahatchee River, and exploring the biodiverse Indian River Lagoon. Commuting within the county is facilitated by the MARTY bus system, with connections to neighboring counties.

Life in Martin County often revolves around its natural surroundings and a relaxed pace. Many residents own their homes, and the community is considered family-friendly with highly-rated public schools. The economy is driven by industries such as healthcare, retail trade, and construction. Martin County is also developing as an industrial hub on the Treasure Coast, with growth in aerospace, marine, and advanced manufacturing sectors. Efforts are underway to build a skilled workforce for these emerging industries through initiatives like the REACH Center at Witham Field and expanded technical programs at Indian River State College and the Martin County School District.

[02] Market Snapshot

Housing Ratio
6.0x

Above national median (4.7x)

GDP Growth
+0.0%

Well below national median

Home Prices
-5.0%

Prices declining

Climate & Terrain
5.3

Favorable climate & terrain

Price/Rent
13x

Below national median (13x)

Housing is fairly valued at 6.0x relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Martin County U.S. National

The Numbers

DEMOGRAPHICS
Population
159,399
+0.68% YoY
Median Household Income
$77,894
Median Home Value
$359,200
-4.99% 12mo
Median Rent
$1,374
Average Annual Pay
$59,415
+5.1% YoY
Employment
76,510
+1.1% YoY
Income-to-Home-Value
0.2169
Near national average
Migration Inflow
3.58%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$470,000
Days on Market
104
Slower market
Months of Supply
6.5
Buyer's market
Sale-to-List Ratio
95.1%
Negotiation room for buyers
Sold Above List
5.2%
Listings w/ Price Drops
28.2%
Building Permits (2024)
646
Single-Family Permits
524

Source: Redfin · Census BPS — Browse sales on Redfin →

[06] Score Breakdown

GDP Growth +0.0% 8 percentile
Population Growth +0.7% 60 percentile
Income Growth +11.7% 94 percentile
Vacancy Rate 0.9% 67 percentile
Home Price Change -5.0% 2 percentile
Rent Growth +2.0% 33 percentile
Price/Rent 13x 54 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Martin County, FL a good place to move to?

Martin County has a Boom Town Index score of 8/100, ranking #913 among 996 U.S. counties. With job growth at +1.1% and a median household income of $77,894, it faces some economic headwinds compared to faster-growing counties.

Is Martin County affordable?

The median home value in Martin County is $359,200 with median rent at $1,374/month. The income-to-home-value ratio is 0.2169, which is less affordable than the national average.

Is Martin County growing or shrinking?

Population growth: +0.7% year-over-year. Job growth: +1.1%. Home values changed -5.0% in the past 12 months.

Are people moving to Martin County?

Yes — 3.58% of Martin County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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