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Housing Profile
Martin County, Florida
  • Population, 2015: 150066. Martin County ranks # 31 of Florida's 67 counties in population.
  • Households, 2015: 66383
  • Homeownership Rate, 2015: 77.5%. Statewide, Florida's homeownership rate is 67.7%.
Population Projections
  • In 2040, Martin County is projected to have a population of 181105, ranking it # 34 of Florida's 67 counties.

Projected Total Population, Martin County, 2010-2040

Place 2010 2015 2020 2025 2030 20352040
Martin County 146318 150066 158758 165636 171421 176614 181105
Notes:  Not Available.
Sources:  University of Florida Bureau of Economic and Business Research, Population Projections; U.S. Census Bureau, 2010 Decennial Census.
Housing Market

Existing Home Values (Based on County Property Appraisers' Just Value)

  • Single Family Home, average just value, 2016: $335704. (Statewide, the average just value of a single family home in Florida in 2016 was $219681).
  • Mobile Home, average just value, 2016: $52793.
  • Condominium, average just value, 2016: $117921.

Home Sales Prices

  • The average sales price for a single family home was $409313 in 2016. The median sales price that year was $296000, compared to a statewide median sales price of $212000.

    Source: Florida Department of Revenue, Sales Data Files

Median Sales Price for Single Family Homes and Condominiums, Martin County, 1996-2016

Place Housing Type 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 20152016
Martin County Single Family Homes 130000 140000 142500 145050 157400 165000 185000 222000 270000 320000 348300 315000 257500 225000 225000 205800 220000 250000 275000 280000 296000
Martin County Condominiums 57000 61000 60000 64500 70000 70000 82250 109000 139250 184500 211300 200000 125000 99950 80000 70000 73000 81000 88000 110000 115000
Notes:  Not applicable
Sources:  Florida Department of Revenue, Sales Data Files

Median Gross Rent, Martin County, 2010-2014 American Community Survey

Place Median Gross RentState Median Gross Rent
Martin County 958 998
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File
  • In Martin County and the surrounding metro area, the HUD Fair Market Rent in 2016, representing rent for a typical modest apartment, was $698 for a studio apartment, $748 for a one-bedroom, $923 for a two-bedroom, $1279 for a three-bedroom, and $1560 for a four-bedroom unit.

    Source: U.S. Department of Housing and Urban Development, 2016 Fair Market Rents

Households by Monthly Rent Paid, Martin County, 2010-2014

Place <$200 $200-$299 $300-$499 $500-$749 $750-$999 $1,000-$1,499 $1,500 or More No Cash RentTotal
Martin County 55 135 561 2488 4293 4272 1753 977 14534
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File

Manufactured Housing Parks and Condominiums

  • There are 24 licensed manufactured housing parks in Martin with 3261 lots in 2012.
  • There are 374 licensed condominium developments in Martin with 15345 units in 2012. Of these, 7 properties with 912 units were converted from rental to condo.

    Source: Florida Department of Business and Professional Regulation

Home Purchase Loans by Property Type, Martin County, 2005-2014

Application Count
Place County Property Type 2005 2006 2007 2008 2009 2010 2011 2012 20132014
Martin County Martin One to four-family (other than manufactured housing) 4460 3383 1921 1284 1243 1180 1204 2293 2760 3061
Martin County Martin Manufactured housing 123 75 57 32 13 11 11 8 19 19
Martin County Martin Multifamily 9 0 3 0 0 2 1 9 2 5
Notes:  Shows loan applications resulting in loan origination only. For more information, see HMDA User Guide
Sources:  Home Mortgage Disclosure Act data 2005-2014

Foreclosures and Serious Delinquencies

  • The Ft. Pierce-Port St. Lucie MSA had a foreclosure rate for 1-4 unit homes of 9.65% and a serious delinquency (90+ day) rate of 3.49% in September 2013.

    Source: Analysis of LPI Applied Analytics data by LISC, tabulated by the Urban Institute
Affordable Housing Needs

Cost Burden, General

  • "Cost-burdened" households pay more than 30% of income for rent or mortgage costs. In 2015, 24730 Martin County households (37%) pay more than 30% of income for housing. By comparison, 42% of households statewide are cost-burdened.
  • 12444 households in Martin County (19%) pay more than 50% of income for housing.

Households by Cost Burden, Martin County, 2015

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Total 41653 12286 12444
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.
Homeowners and Renters

Households by Homeowner/Renter Status and Cost Burden, Martin County, 2015

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Owner 34732 8582 8101
Renter 6921 3704 4343
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Household Income

  • In the following table, household income is measured as a percentage of the median income for the county or area, adjusted for family size. In Martin County and the surrounding metro area, the HUD-estimated median income for a family of four is $56300 in 2016.

Households by Income and Cost Burden, Martin County, 2015

Household Income as Percentage of Area Median Income Amount of Income Paid for Housing
0-30% 30-50%50% or more
<=30% AMI 388 253 3969
30.01-50% AMI 1347 1508 3345
50.01-80% AMI 4199 3905 2382
80.01+% AMI 35719 6620 2748
Total 41653 12286 12444
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Elderly Households

  • 28024 households in Martin County (42.2%) are headed by a person age 65 or older in 2015. In comparison, 29.6% of households statewide are headed by elderly persons.
  • 25056 of elderly households in Martin (89.4%) own their homes.
  • 9520 elderly households (34%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Martin County, 2015

Age of Householder Amount of Income Paid for Housing
0-30% 30-49.9%50+ %
65 or more 18504 4776 4744
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Supply Characteristics

Single Family Home Size and Age

  • In 2016, the median size for a new single-family home in Martin County was 2020 square feet.

Year Structure Built, Martin County, 2010-2014 American Community Survey

Place Number Share by Decade
2000 or After 1990-1999 1980-1989 1970-1979 1960-1969 1950-1959 1940-1949 1939 or Earlier Total 2000 or After 1990-1999 1980-1989 1970-1979 1960-19691959 or Earlier
Martin County 12829 14268 24049 18959 4570 2631 657 602 78565 16.3 18.2 30.6 24.1 5.8 5.0
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File

Housing Condition Characteristics (Occupied Units), Martin County, 2010-2014 American Community Survey

Place Persons Per Room House Heating Fuel Kitchen Facilities Plumbing Facilities
1.01 or More Persons per Room Share of Occupied Units (%) No Fuel Used Share of Occupied Units (%) Lacking Complete Facilities Share of Occupied Units (%) Lacking Complete FacilitiesShare of Occupied Units (%)
Martin County 1026 1.7 783 1.3 649 0.8 357 0.5
Notes:  Housing units are considered to be substandard if they are overcrowded, do not have heat, or lack complete kitchens or plumbing.
American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File