Martinsville, IN
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Martinsville short-term rental market based on reliable data.
Listings
16 / 30
Reliable / Active
Cap Rate
10%
Middle-Earners Gross Yield
Revenue
$26,961
Middle-Earners Revenue
Occupancy
51%
Middle-Earners Occupancy
Home Value
$282,712
Median Home Sale Price
Top Earners
$55,228
Top-Earners Revenue
Martinsville
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Martinsville.
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Challenging to Investors
Martinsville Regulations
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
About Martinsville
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.