Martinsville, IL
Population 1,212 · Illinois
About Martinsville, IL
Martinsville is a small town located in Illinois with a population of 1,212 residents according to the latest US Census Bureau American Community Survey data. The median household income is $65,000 per year, which is 14% below the national median of $75,149. The median age of 47.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Martinsville features a median home value of $73,600, which is 70% below the national median of $244,900. This makes Martinsville one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $588, 49% below the national average of $1,163/month. Of the 602 total housing units, 72% are owner-occupied (389 units) and 28% are renter-occupied (153 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Martinsville shows an unemployment rate of 4.4%, which is near the national rate of 3.7%. The poverty rate stands at 22.2%, above the national average of 12.4%. Workers in Martinsville have an average one-way commute time of 25.1 minutes.
Education & Demographics
17.8% of Martinsville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.3% White, 0.2% Hispanic or Latino, 0.0% Black or African American, and 1.5% Asian residents, with 1.1% of the population being foreign-born.
Cost of Living in Martinsville, IL
Compared to national averages, Martinsville has a median household income of $65,000 (14% below the national median of $75,149). Home values average $73,600, which is 70% below the national median. Monthly rent at $588 is 49% below the US average of $1,163. Within Illinois, Martinsville's income is 13% below the state average of $75,072, and home values are 56% below the state median of $165,779.
Why Live in Martinsville, IL?
Martinsville offers affordable housing with a median home value of $73,600, below the US average of $244,900, and rent that’s lower than the national average at $588/month.
Potential considerations include median household income ($65,000) that falls below the national average. However, Martinsville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Martinsville has a population of 1,212 with a median age of 47.5 years. Compare Martinsville with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Martinsville
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| North Utica | 1,215 | $99,722 | $212,000 | Compare |
| Toledo | 1,209 | $59,881 | $92,200 | Compare |
| Big Rock | 1,208 | $126,667 | $290,100 | Compare |
| Third Lake | 1,203 | $150,893 | $329,500 | Compare |
| Milledgeville | 1,199 | $59,688 | $89,200 | Compare |
| Camp Point | 1,197 | $58,438 | $111,700 | Compare |
| New Milford | 1,183 | $73,125 | $130,200 | Compare |
| Oreana | 1,183 | $93,194 | $129,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Martinsville With Other Cities
Frequently Asked Questions about Martinsville
What is the population of Martinsville, IL?
The population of Martinsville, IL is 1,212 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Martinsville?
The median household income in Martinsville, IL is $65,000 per year, which is 14% below the national median of $75,149.
What is the median home value in Martinsville?
The median home value in Martinsville, IL is $73,600, which is 70% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Martinsville?
The median monthly rent in Martinsville, IL is $588, which is 49% below the national average of $1,163/month.
What is the unemployment rate in Martinsville?
The unemployment rate in Martinsville, IL is 4.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Martinsville, IL a good place to live?
Martinsville offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,212 and a median age of 47.5, the city appeals to established professionals and retirees.
How educated is Martinsville, IL?
17.8% of residents in Martinsville aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Martinsville?
Key cost-of-living indicators for Martinsville, IL: median home value is $73,600 (70% below national), median rent is $588/month, and median household income is $65,000. The home-value-to-income ratio is 1.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Martinsville?
The poverty rate in Martinsville, IL is 22.2%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Martinsville, IL?
Martinsville's population is 0.3% White, 0.2% Hispanic or Latino, 0.0% Black or African American, 1.5% Asian, and 0.0% two or more races. 1.1% of residents are foreign-born.