Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 21,773 ↓ 1.2% since 2020 |
| Median Household Income | $46,793 37% below national median |
| Median Home Value | $109,900 |
| Unemployment Rate | 7.0% |
| Median Age | 46.7 years |
| Housing Vacancy Rate | 15.7% |
| Total Land Sales (Past 12 Months) | 88 transactions |
| Active Listings | 41 properties |
| Avg Days on Market | 407 days |
Rural Land Sales (1+ Acres) (Nov 2025 – Feb 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $7,923 |
| Recent Sales | 73 transactions |
| Avg Days on Market | 431 days |
| Avg Parcel Size | 40.80 acres |
| Active Listings | 9 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Feb 2026 | 13.00 | $97,000 | $7,462 | Mitchell |
| Feb 2026 | 11.00 | $65,000 | $5,909 | Shoals |
| Feb 2026 | 50.70 | $228,150 | $4,500 | Shoals |
| Jan 2026 | 47.00 | $211,500 | $4,500 | Shoals |
| Dec 2025 | 4.92 | $43,000 | $8,740 | Loogootee |
| Dec 2025 | 156.00 | $985,000 | $6,314 | Shoals |
| Dec 2025 | 77.00 | $418,091 | $5,430 | Shoals |
| Dec 2025 | 133.03 | $705,000 | $5,300 | Shoals |
| Nov 2025 | 30.00 | $175,000 | $5,833 | Shoals |
| Nov 2025 | 40.00 | $253,741 | $6,344 | Shoals |
Suburban/Urban Land Sales (Under 1 Acre) (Sep 2025 – Mar 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $37,500 |
| Recent Sales | 15 transactions |
| Avg Days on Market | 294 days |
| Avg Parcel Size | 0.60 acres |
| Active Listings | 32 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Mar 2026 | 0.60 | $37,500 | Loogootee |
| Dec 2025 | 0.71 | $37,500 | Loogootee |
| Oct 2025 | 0.66 | $37,500 | Loogootee |
| Sep 2025 | 0.64 | $47,000 | Loogootee |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 9,854 |
| Population (2020) | 9,812 |
| Population Growth | 0.43% |
| Median Household Income | $65,345 |
| Median Home Value | $150,400 |
| Total Housing Units | 4,583 |
| Vacant Housing Units | 655 |
| Housing Vacancy Rate | 14.3% |
| Median Age | 41.8 |
| Bachelor's Degree or Higher | 567 (5.8%) |
| Unemployment Rate | 7.0% |
Market Overview
Martin County, Indiana has a population of 9,854, which has grown 0.43% since 2020. The median household income is $65,345, below the national median of $74,580 by 12.4%. The housing vacancy rate of 14.3% suggests soft market conditions. Martin County is part of Indiana's land market, attracting both local and out-of-state buyers. Recent rural land sales show a median price of $7,923 per acre, with properties averaging 40.80 acres. There are currently 41 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Martin County, Indiana?
As of the 2023 American Community Survey, Martin County has a population of 9,854. The county has grown 0.43% since the 2020 Census, indicating a growing community.
What is the median household income in Martin County?
The median household income in Martin County is $65,345, which is 12.4% below the national median of $74,580.
Is Martin County growing or shrinking?
Martin County is growing. The population has increased 0.43% since 2020.
What is the housing market like in Martin County?
The median home value in Martin County is $150,400. The housing vacancy rate is 14.3%, which suggests soft market conditions. The unemployment rate is 7.0%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $7,923 per acre. Suburban/urban lots under 1 acre have a median lot price of $37,500.
Does Reelvest buy land in Martin County, Indiana?
Yes! Reelvest Properties buys vacant land throughout Indiana, including Martin County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.