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Martinsville

Martinsville

Located in Morgan County

$277,755 Average Value
$158 Average Price per Sq Ft
60 Homes For Sale

Interstate access could key growth spurt between Bloomington and Indy

At one point in the early 1900s, Martinsville was known as one of the country's top three sources of mineral water. Reminders of that identity remain even though that’s no longer the case — a prominent downtown sign proudly declares Martinsville the “City of Mineral Water,” and the lone high school’s mascot is the Artesians.
Today, Martinville’s economy is more tied to the highway that runs through it than the streams that flow through it. Interstate 69, connecting 40 miles north to Indianapolis and 20 miles south to Bloomington, reached completion in 2024 following a decade-long construction project. This newfound commuter convenience presents an opportunity for this town, where the population has hovered around 12,000 residents since 1990, to grow into a new identity. “We’re kind of in this niche where commuting is super easy for everybody, but Martinsville hasn’t been fully discovered yet,” says Michelle Chandler, Realtor and co-owner of the Shelia and Michelle Team. “We just sit in the heart of everywhere you want to go.”

Martinsville is a city located south of Indianapolis.
Martinsville is a city located south of Indianapolis.
Downtown Martinsville is lined with charming two-story historic buildings.
Downtown Martinsville is lined with charming two-story historic buildings.
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From old homes on city blocks to large properties in the country

Residents categorize Martinsville homes in two ways: "in town" or "out of town." "Town" is the more established part of Martinsville, where houses sit on gridded streets with smaller city-sized lots. These homes date from the late 19th century to the mid-20th century, and many are bungalows. Houses in the more rural northernmost portion of Martinsville have more elbow room between them, ranging from multi-acre wooded lots to large contemporary houses beside Fish Hatchery Lake, Foxcliff Lake and Foxcliff Golf Club. Homes located in town are typically at the lower end of the area’s price range, with small cottages in need of some updates starting at around $110,000. Homes out of town with more land and square footage could sell for as high as $2 million. The median home price in Martinsville is about $30,000 more than in Indianapolis and $50,000 less than in Bloomington.

Although the city’s property crime rate is slightly above the national average, its violent crime rate is well below.

Homes in Martinsville are fronted by beautiful trees that make for incredible transitions once the fall months hit.
Homes in Martinsville are fronted by beautiful trees that make for incredible transitions once the fall months hit.
Craftsman style new build homes line the streets of subdivisions in Martinsville.
Craftsman style new build homes line the streets of subdivisions in Martinsville.
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Martinsville High features student-produced broadcasting program

The Metropolitan School District of Martinsville earns a B-rating from Niche. Kindergarten through fourth-grade students attend one of seven elementary schools before advancing to Bell Intermediate Academy for fifth and sixth grades. John R. Wooden Middle School, named for Martinsville’s most well-known native son, incorporates Wooden’s Pyramid of Success into its curriculum. Martinsville High has a student-produced, FCC-licensed TV station that also broadcasts Artesian sporting events.

North Elementary School in Martinsville serves grades PK-2.
North Elementary School in Martinsville serves grades PK-2.
Bell Intermediate Academy provides education for 5th and 6th grades in Martinsville.
Bell Intermediate Academy provides education for 5th and 6th grades in Martinsville.
John R. Wooden Middle School is the middle school option for Martinsville residents.
John R. Wooden Middle School is the middle school option for Martinsville residents.
Martinsville High School serves grades 9-12.
Martinsville High School serves grades 9-12.
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Fisheries play unique role in local economy

Ozark Fisheries has a sprawling complex of ponds north of town and is the oldest continuously operating private goldfish and koi farm in the United States. The Indiana Department of Natural Resources also operates a fish hatchery, raising fish to be released throughout the state’s lakes and streams. Though the fisheries are unique to Martinsville, the city’s largest private employers include IU Health Morgan Hospital, Walmart Supercenter and novelty sock-maker For Bare Feet. The city and county governments and the Metropolitan School District of Martinsville are also prominent area employers.

Ozark Fisheries is a large employer in Martinsville.
Ozark Fisheries is a large employer in Martinsville.
IU Health Morgan is one of the major employers of Martinsville.
IU Health Morgan is one of the major employers of Martinsville.
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A thriving downtown of locally owned businesses

Martinsville’s downtown square is a thriving shopping and dining district in the blocks surrounding City Hall and the Morgan County Courthouse. “You could literally just walk around the square and go from store to store,” Chandler says. “And they’re all small mom-and-pop businesses owned by people within the community.” Martinsville Candy Kitchen, a soda shop and candy store in operation since 1919, is one of the town’s most enduring businesses. An array of national chain restaurants and stores are found along the I-69 corridor.

Locally owned businesses are plentiful in downtown Martinsville.
Locally owned businesses are plentiful in downtown Martinsville.
The Texas Corral in Martinsville offers  steaks, BBQ, chicken and sandwiches.
The Texas Corral in Martinsville offers steaks, BBQ, chicken and sandwiches.
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Parks and golf courses reflect the rolling hills of Southern Indiana

The nearly 25,000 acres of Morgan-Monroe State Forest are just 5 miles south of Martinsville. Morgan-Monroe is open for boating, fishing, hunting, hiking and even gold-panning. Jimmy Nash City Park is the gem of Martinsville’s park system, with multiple picnic shelters and playgrounds amid a landscape that serves as a proper introduction to the rolling hills of southern Indiana. A pair of public golf courses, Martinsville Golf Club and Foxcliff Golf Club, also take advantage of the local topography, which begins changing dramatically from the flatlands of Central Indiana.

Enjoy a hike through the Morgan-Monroe State Forest in Martinsville.
Enjoy a hike through the Morgan-Monroe State Forest in Martinsville.
Martinsville Golf Club is a popular course in the area.
Martinsville Golf Club is a popular course in the area.
Martinsville City Park has a pool, playground and pickleball courts.
Martinsville City Park has a pool, playground and pickleball courts.
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High school sports play a large role in local culture

High school sports have been a big deal in Martinsville for over a century. John Wooden was a basketball star at Martinsville High in the 1920s before playing at Purdue University and then coaching UCLA to a record 10 NCAA men’s basketball national championships in the 1960s and ‘70s. Many residents can simply walk to games on Friday or Saturday nights. Big-time college athletics are a short drive away – sporting events at Indiana University are just 20 miles south of town, and it’s not unusual for Martinsville hotels to fill up on weekends when the Hoosiers are playing at home. Major annual Martinsville events include the Morgan County Fair and the Fall Foliage Festival.

Important to know

The legacy of one of the most notorious hate crimes in Indiana history — the 1968 killing of a 20-year-old Black woman who was selling encyclopedias door-to-door — affected the city’s reputation for decades as the case remained unsolved. In 2001, an out-of-towner who was traveling through Martinsville at the time of the murder was finally apprehended and charged with the crime. The town’s population was 99% white in the 2000 U.S. Census, compared to 95% in the 2020 Census.

Alex Hickey
Written By
Alex Hickey
Jack Adams
Photography Contributed By
Jack Adams
Nick Seitz
Video By
Nick Seitz

Interested in learning more about homes in this area? Reach out to David Meador, an experienced agent in this area.

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Martinsville Housing Trends

Housing Trends

Median List Price
$245,000
Median Sale Price
$225,000
Median Single Family Sale Price
$229,000
Median Townhouse Sale Price
$447,500
Median Change From 1st List Price
3%
Last 12 months Home Sales
209
Median Home Sale Price YoY Change
0%
Average Price Per Sq Ft
$158

Area Facts

Number of Homes
4,587
Number of Homes for Sale
60
Median Year Built
1961
Months of Supply
3.40
Average Single Family Home Size Sq Ft
1,901
On par with the national average
1,929
Average Townhouse Size Sq Ft
1,070
Average 2 Bedroom Size Sq Ft
1,248
Median Lot Size Sq Ft
9,147

Open Houses

  • Wednesday, Oct 29
    Open Wed 5PM - 7PM

    2941 S Mask Ct, Martinsville, IN 46151

    $284,500

    • 3 Beds
    • 2 Baths
    • 1,248 Sq Ft
    • 2941 S Mask Ct
    • New 19 days ago

    OPEN HOUSE SUNDAY OCT 12TH 2-4PM - Your journey begins here, the ultimate vacation retreat in Painted Hills! A secluded paradise 30 min from Bloomington & Indianapolis, you will find small town charm perfectly blended with lake life luxury. This adorable Cabin in the woods offers access to this Members Only Community. Offering 2 Lakes @140 & 46 Acres, private clubhouse & bar, swimming pool, dog

    Danielle Stiles The Modglin Group

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  • Wednesday, Oct 29
    Open Wed 2PM - 4PM

    7247 Bethany Blvd, Martinsville, IN 46151

    $120,000

    • 2 Beds
    • 1 Bath
    • 1,394 Sq Ft
    • 7247 Bethany Blvd
    • New 22 days ago

    Investment Opportunity! Make this a nice 3/1? Bring your vision and renovation skills to this 2-story, 2-bedroom, 1-bath home full of potential. The upper level offers a spacious bedroom and an additional area that could be reimagined as an office or converted into another bedroom with the right updates. The main level features the second bedroom, large laundry room, and living spaces ready for

    Steven Terry Century 21 Scheetz - Bloomington

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  • Sunday, Nov 2
    Open Sun 1PM - 3PM

    8161 Cindy Cir, Martinsville, IN 46151

    $700,000

    • 5 Beds
    • 4.5 Baths
    • 5,391 Sq Ft
    • 8161 Cindy Cir
    • New 26 days ago

    LUXURY LIVING ON 1.23 ACRES! Prepare to be impressed by this IMMACULATE 5 Bedroom, 4.5 Bathroom custom home with a finished basement, set on a sprawling 1.23-acre lot. This home truly has it all, combining high-end finishes with expansive indoor and outdoor living spaces, all complemented by an oversized 3-car garage. The main level is designed for both grand entertaining and comfortable daily

    Amy O'Brien O'Brien Team Realty

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Martinsville Has More Owners

Demographics

Total Population
11,863
Median Age
40
Population under 18
23.9%
On par with the national average
23.8%
Population over 65
19.7%
On par with the national average
19.1%

Finances

Median Household Income
$51,476
Significantly below the national average
$71,702
Average Household Income
$61,935

Education and Workforce

High School Graduates
83%
College Graduates
12.4%
Below the national average
34.1%
Advanced Degrees
5%
Below the national average
13.3%
% Population in Labor Force
62.5%

Weather

Annual Precipitation
43''
Average Winter Low Temperature
21°F
Average Summer High Temperature
85°F
Annual Snowfall
16''

Area Factors

Somewhat Bikeable

Bike Score®®

48 / 100

Somewhat Walkable

Walk Score®®

62 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Martinsville