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Market MapMartinsville, VA
Metropolitan Area

Martinsville, VA

Virginia0
64
/100
Buy
#386 of 894 metros
Top 43% nationally for investing

Market Snapshot

$135,588
Median Home Price
47% below national median
$877/mo
Median Rent
37% below national median
7.77%
Rent-to-Price Ratio
Top 14% nationally
-$140
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$135,588
Down Payment (20%)$27,118
Loan Amount$108,470
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$877
Monthly P&I-$711
Est. Expenses (35%)-$307
Net Cash Flow-$140/mo
5.0%
Cap Rate (all cash)
-5.4%
Cash-on-Cash Return
7.77%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 5.0% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
64/100
64
Cash Flow(30%)
78/100

Based on 7.77% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
33/100

Based on -3.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
100/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Above-average rent-to-price ratio (7.77%)
  • +Affordable relative to local incomes
  • +Low unemployment (0.0%)

Challenges

  • -Declining home values (-3.0% YoY)
  • -Negative leverage (cap rate 5.0% < mortgage rate 6.9%)

Counties in Martinsville, VA

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Blytheville, AR
Blytheville, AR
84$115,156$1,06411.08%Strong BuyView
Roanoke Rapids, NC
Roanoke Rapids, NC
84$107,523$1,07712.02%Strong BuyView
Enid, OK
Enid, OK
83$144,157$1,25010.40%Strong BuyView
Houghton, MI
Houghton, MI
83$194,696$1,73310.68%Strong BuyView
Big Spring, TX
Big Spring, TX
83$150,742$1,34010.67%Strong BuyView
Current
Martinsville, VA
64$135,588$8777.77%Buy

The Bottom Line

BuyMartinsville, VA offers solid investment potential with good cash flow or appreciation prospects.

The Martinsville, VA metro area scores 64/100, ranking #386 of 894 US metros (top 43%). The 7.77% rent-to-price ratio indicates moderate cash flow potential.

Monthly Cash Flow
$-140/mo
Cap Rate
5.0%
Cash-on-Cash
-6.2%

Ready to Invest in Martinsville, VA?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

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