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Martinsville, VA Utility & Living Guide
Martinsville is an independent city in the Commonwealth of Virginia in the United States. As of the 2020 census, its population was 13,485. A community of both Southside and Southwest Virginia, it is the county seat of Henry County, although the two are separate jurisdictions. The Bureau of Economic
Monthly Utility Costs
$130/mo
—
$40/mo
$20/mo
$60/mo
Housing Market
| Rent & Property | |
|---|---|
| 1 Bedroom | $900/mo |
| 2 Bedrooms | $1100/mo |
| 3 Bedrooms | $1400/mo |
| Median Home Price | $180,000 |
| Property Tax Rate | 0.85% |
| Avg Childcare/mo | $800 |
The housing market in Martinsville is relatively affordable, with a range of options from historic homes to new constructions. However, the market can be limited, and prices may vary depending on the location and condition of the property. Renters can find affordable options, but may need to act quickly as the market is competitive.
Cost of Living
94
-6% below national average
95
88
105
$800
Tax Rates
| Tax Overview | |
|---|---|
| Total Sales Tax | 5.3% |
| Property Tax Rate | 0.85% |
| <p>State 4.3% + Local 1%</p> | |
Virginia has a progressive income tax system, with rates ranging from 2% to 5.75%
Family & Relocation
55
5.5/10
$800/mo
City Pulse
Martinsville has a limited public transportation system, but the downtown area is relatively stroller-friendly, with wide sidewalks and accessible parks
- Martinsville Speedway
- Smith River
- Martinsville Library
Best Neighborhoods for Families
Household Budget Calculator
Estimate your real monthly cost of living in Martinsville based on your household profile.
📰 Live Local News
Martinsville has regulations in place to preserve its historic districts and promote downtown development
Financial Tools
- Income Tax CalculatorEstimate take-home pay by state
- Mortgage CalculatorMonthly payment estimator
- Affordability CalculatorHow much home can you afford?
- Childcare Cost EstimatorCompare daycare costs by city
- Retirement PlannerRetirement readiness check
- Car Lease CalculatorMonthly lease payment estimator
- Savings CalculatorGrow your emergency fund
- City Comparison ToolCompare cities side by side
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📊 Martinsville — Census & Demographic Data
Official data from the US Census Bureau, American Community Survey.
☀️ Seasonal Utility Costs
Utility costs in Martinsville tend to be higher in the summer months, when air conditioning is necessary, and lower in the winter months, when heating costs are relatively low. However, the city's mild climate means that extreme temperature fluctuations are rare, and utility costs remain relatively stable throughout the year.
🏛️ Local Tax Details
The ZIP code 24112 has a property tax millage rate of 0.85, with no local surtaxes
👶 Family & Stroller Friendliness
6/10, due to the city's limited public transportation system and varying sidewalk quality, but with accessible parks and family-friendly infrastructure in the downtown area
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