Housing Profile
Martin County, Florida

• Population, 2007: 143737. Martin County ranks # 30 of Florida's 67 counties in population.

• Households, 2007: 63466

• In 2030, Martin County is projected to have a population of 187897, ranking it # 34 of Florida's 67 counties.

Projected Total Population, Martin County, 2007-2030

Place	2007	2010	2015	2020	2025	2030
Martin County	143737	147904	158899	169002	178802	187897
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Sources:   Not Available.

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

• Single Family Home, average just value, 2008: $370504. (Statewide, the average just value of a single family home in Florida in 2008 was $248425).
• Mobile Home, average just value, 2008: $89305.
• Condominium, average just value, 2008: $162197.
• 
  * -100 means less than 25 observations
  * -200 means less than 2/3 of observations have valid year built entries
  * -300 means less than 2/3 of observations have valid square footage entries
  * -400 means no observations

Home Sales Prices

• The average sales price for a single family home was $471660 in 2007. The median sales price that year was $315000, compared to a statewide median sales price of $240000.
• 
  * -100 means less than 25 observations.
  * -200 means less than 2/3 of observations have valid entries for that year.
  * -300 means less than 2/3 of observations have valid square footage entries.
  * -400 means no observations.

Median Sales Price for Single Family Homes and Condominiums, Martin County, 1996-2007

Place	Housing Type	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007
Martin County	Condominiums	57000	61000	60000	64500	70000	70000	82250	109000	139250	184500	211300	200000
Martin County	Single Family Homes	130000	140000	142500	145050	157400	165000	185000	222000	270000	320000	348300	315000
Notes:  * -100 means less than 25 observations. * -200 means less than 2/3 of observations have valid entries for that year. * -300 means less than 2/3 of observations have valid square footage entries. * -400 means no observations. Sources:  County property appraiser tax rolls, compiled by Shimberg Center - Florida Housing Data Clearinghouse.

Rents

• The median rent paid by Martin County households in 2000 was $633 per month, compared to a statewide median rent of $641.

• In Martin County and the surrounding metro area, the HUD Fair Market Rent in 2009, representing rent for a typical modest apartment, was $721 for a studio apartment, $723 for a one-bedroom, $916 for a two-bedroom, $1211 for a three-bedroom, and $1248 for a four-bedroom unit.

Households by Monthly Rent Paid, Martin County,2000

Place	No Cash Rent	less than 200	between 200 and 299	between 300 and 499	between 500 and 749	between 750 and 999	between 1000 and 1499	1500 or more
Martin County	660	284	503	1752	5194	1574	728	370

Cost Burden, General

• "Cost-burdened" households pay more than 30% of income for rent or mortgage costs. In 2007, 14903 Martin County households (23%) pay more than 30% of income for housing. By comparison, 0% of households statewide are cost-burdened.

• 6095 households in Martin County (10%) pay more than 50% of income for housing.

Households by Cost Burden, Martin County, 2007

	Amount of Income Paid for Housing
	0-30%	30-50%	50% or more
Total	48563	8808	6095
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** The Household Demographic Data Access Tool allows users to combine any of the variables below to create a custom report. For example, a user could find the number of 1-2 person renter households age 65 and older who pay more than 50% of income for housing by selecting household size, householder age, and household income as indicators.

Households by Homeowner/Renter Status and Cost Burden, Martin County, 2007

	Amount of Income Paid for Housing
	0-30%	30-50%	50% or more
Owner	40541	6027	4077
Renter	8022	2781	2018
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. 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 $59800 in 2008.

Households by Income and Cost Burden, Martin County, 2007

Household Income as Percentage of Area Median Income	Amount of Income Paid for Housing
	0-30%	30-50%	50% or more
<=30% AMI	1325	625	2132
30.01-50% AMI	2186	1894	2155
50.01-80% AMI	6298	2735	953
80.01+% AMI	38754	3554	855
Total	48563	8808	6095
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** For more detailed income categories and to combine with other variables such as age, cost burden, and owner/renter status, try the Household Demographic Data Access Tool.

Elderly Households

• 25123 households in Martin County (39.6%) are headed by a person age 65 or older in 2007. In comparison, 27.3% of households statewide are headed by elderly persons.

• 46382 of elderly households in Martin County (92.3%) own their homes.

• 4514 elderly households (18%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Martin County, 2007

Age of Householder	Amount of Income Paid for Housing
	0-30%	30-49.9%	50+ %
65+	20609	2516	1998
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** To learn about all head-of-household age categories and to combine with other variables such as income, cost burden, and owner/renter status, try the Household Demographic Data Access Tool.

Size of Households

• 46294 households in Martin County (73%) are made up of 1-2 persons in 2007. 24% of these households pay more than 30% of income for rent or mortgage costs.

• 13369 households in Martin County (21%%) are made up of 3-4 persons in 2007. 21% of these households pay more than 30% of income for rent or mortgage costs.

• 3793 households in Martin County (6%%) are made up of 5 persons or more in 2007. 30% of these households pay more than 30% of income for rent or mortgage costs.

Households by Size and Cost Burden, Martin County, 2007

Number of Persons in the Household	Amount of Income Paid for Housing
	0-30%	30.01-50%	50.01+ %
1-2	35383	6213	4698
3-4	10512	1937	920
5+	2665	654	474
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** To combine with other variables such as income, head-of-household age, and owner/renter status, try the Household Demographic Data Access Tool.

Disability and Affordable Housing Need

• In 2000, 5332 low-income households included at least one person with a disability age 15 or older. These households had incomes below 60% of the area median income.

Low-Income (<60% AMI) Households Including Persons with Disabilities Age 15+ and Cost Burden, Martin County, 2000

Amount of Income Paid for Housing
0-29.9%	30-49.9%	50+ %
2145	1483	1704

Single Family Home Size and Age

• In 2008, the median size for a new single-family home in Martin County was 1979 square feet.

Year Structure Built, Martin County, 2000

Year Structure Built, 2000
1939 and earlier	1940s	1950s	1960s	1970s	1980s	1990s	Place
1033	699	2553	5487	18386	21353	15960	Martin County

Substandard Housing

Housing units are considered to be substandard if they are overcrowded, do not have heat, or lack complete kitchens or plumbing. In 2000,

• 1552 housing units (2.8% of all units) in Martin County were overcrowded, meaning that they housed more than one person per room, compared to a statewide percentage of 6.5%.

• 924 units (1.7%) in Martin County did not use home heating fuel, compared to a statewide percentage of 1.8%.

• 278 units (0.4%) in Martin County lacked complete kitchen facilities, compared to a statewide percentage of 0.5%.

• 151 units (0.2%) in Martin County lacked complete plumbing facilities, compared to a statewide percentage of 0.4%.