Performance indicators for the Martinsville short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Martinsville.
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Challenging to Investors
STRs are allowed but treated as commercial lodging with no dedicated ordinance, forcing investors to navigate zoning, business registration, signage permits, and potential special exceptions—particularly in residential districts—thereby raising cost/complexity and legal uncertainty. No explicit citywide caps or fees are stated, but the classification as commercial and the permit steps present a compliance burden. Enforcement appears formal (administrators, BZA) and inconsistent guidance is likely, detracting from investor confidence.
Local STR Agent
STR specialist · Martinsville, IN
Martinsville is a city in Washington Township, Morgan County, in the U.S. state of Indiana. The population was 12,309 at the 2020 United States Census. The city is the county seat of Morgan County.