Martinsville

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Martinsville, IN Area Guide

Avg Rent

$792

Population

11,863

Renter Mix

43% Rent

Mineral water, goldfish, and Americana

Small Town Suburban Historic Family-Friendly Festivals Events Commutes

Downtown Martinsville says it all -- this city is rich with history, charm, and that small-town sense of style. But this Indiana gem has a quirky side. Founded in 1822, it is home to one of Indiana's few remaining pre-Civil War courthouses -- an impressive brick Italianate building completed in 1859. From the late 1800s to around 1968, visitors from all over came to Martinsville for its mineral water health spas, giving the city the slogan, "Martinsville City of Mineral Water."

Back in 1899, Grassyfork Fisheries was established in Martinsville by Eugene Shireman. These fisheries, created from swampland, transformed the landscape of Martinsville, and many of the fisheries still exist (especially in the Shireman subdivision). These fisheries gave Martinsville another slogan: "Goldfish Capital of the World." Today, the businesses are more commonplace, ranging from locally-owned bakeries and gift shops to cafes and restaurants.

Many small towns pride themselves on their festivals and events, and Martinsville is no different. Residents enjoy a variety of events, including the Morgan County Fair, Artie Fest, Farmer's Market Day, Fall Foliage Festival, and Martinsville on the Square. Martinsville is a suburban city, located about 28 miles southwest of Indianapolis.

Demographics

Median Household Income

$51,476

Average: $61,935

Education

1,489

Residents Have a Degree

Job Market

5,644

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

40 Years

Largest Age Group

30-39 Years

Approximately 14% of Residents

Under 20

24%

Over 65

20%

Housing Distribution

Martinsville has more homeowners than renters.

Renters
43%
Non-Renters
57%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
9%
Other Education
91%

Rent Trends

As of May 2026, the average apartment rent in Martinsville, IN is $789 for a studio, $792 for one bedroom, $915 for two bedrooms, and $1,129 for three bedrooms. Apartment rent in Martinsville has increased by 1.2% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$792/month
610 Sq Ft
See Rental Market Trends in Martinsville, IN

Getting Around

Fairly Walkable

Walkability

40 / 100

Exceptionally Drivable

Drivability

100 / 100

Somewhat Bikeable

Bikeability

30 / 100

Schools

Centerton Elementary School

Public

Grades PK-5

118 Students

Bell Intermediate Academy

Public

Grades K-5

531 Students

Poston Road Elementary School

Public

Grades PK-5

253 Students

Green Township Elementary School

Public

Grades PK-5

130 Students

Waverly Elementary School

Public

Grades PK-5

352 Students

John R. Wooden Middle School

Public

Grades 8

760 Students

Martinsville High School

Public

Grades 9-12

1,310 Students

Points of Interest

Parks and Recreation

  • Blue Bluff Nature Preserve
  • Morgan-Monroe State Forest
  • Shalom Woods Nature Preserve

Commuter Rail

Airports

  • Indianapolis International

Top Apartments in Martinsville

Houses for Rent in Martinsville

Search Nearby Rentals

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.