Martin County, FL

This county of 167,274 residents needs 2,732 more housing units over the next five years. Martin County is part of the Martin MPO.

Housing snapshot

Population
167,274 (2026)
Households
68,554
Median household income
$93,496 (2026)
Typical home value
$429,453
Owner-occupied
65%
Five-year housing need
2,732 units

Comparison to other Florida counties

Martin County: $93,496 Median income (2026 estimate)
<$45K >$120K
Martin County: 1.13 jobs to household ratio
<0.4 >1.58
Martin County: Permits since 2021 represent 5.7% of housing
<0.7% >25%
On this page

How affordable is this community?

A typical home in Martin County, FL costs $429,453, somewhat above the Florida average of $334,647. At a median household income of $93,496 in Martin County, FL, affordability is stretched, with households needing roughly $30,600 more to comfortably afford the typical home.

This chart tracks whether housing prices are keeping pace with local incomes. The gap between what homes cost and what households can afford reveals affordability trends over time.

How is the population changing?

Martin County, FL has a population of roughly 162,176, growing modestly at 0.8% per year.

Population growth patterns reveal how communities are evolving. This chart shows historical population changes by age group and projects future trends based on demographic patterns.

How has employment changed over time?

Jobs by industry sector since 2012. Switch between local jobs — counted where the jobs are located — and resident jobs, counted where the workers live. On the local view the most recent year is a nowcast: it grows the latest local LODES job mix forward using recent county employment growth from QCEW and the BLS local employment series, so the newest point tracks today's economy instead of data that is roughly two years old.

How are households changing by income?

With roughly 68,554 households, Martin County, FL is growing modestly at 0.8% per year.

Understanding how households at different income levels are growing or declining helps identify which groups face the greatest housing pressure and where new housing is most needed.

Who lives here today?

In Martin County, FL, detached single-family accounts for 54% of the housing stock. Homeownership is the norm in Martin County, FL, with 65% of units owner-occupied.

Households may have different structure type preferences depending on characteristics such as household size, income, employment, presence of children, age of individuals, and lifestyle choices. Understanding the housing stock in corresponding terms helps assess how well existing units align with existing households' ideals.

What does the housing stock look like?

The mix of housing types and ownership patterns shapes a community's character. This chart breaks down housing units by structure type and whether they're owner-occupied or rented.

How much new housing supply is needed?

To keep up with growth and fill current housing shortages, Martin County, FL needs 2,732 new units over the next 5 years.

1,642
Units needed to keep up with expected growth
Projected total household growth from 2026 to 2031.
2.4%
Projected household growth rate
Expected increase in total households from 68,554 in 2026 to 70,196 in 2031.
1,090
Units to address shortages in existing housing stock
Production needs to address vacancy rates and other factors.
732
Replacement housing
Effective annual loss rate is 1.8 per 1,000 units.
186
Ownership vacancy adjustment
Owner-occupied vacancy is 1.2%. This is below the minimum stable target of 1.5%.
172
Rental vacancy adjustment
Rental vacancy is 6.4%. This is below the minimum stable target of 7.4%.
2,732
Total 5-year housing production need (2026-2031)
546
Annual production pace
Average units needed per year to meet 5-year need
3.3%
Total housing unit growth
Percent increase in housing stock over 5 years
0.7%
Annual housing unit growth
Average percent increase in housing stock per year

How do these communities compare to each other?