What is the rental vacancy rate in Martin, TN?

The rental vacancy rate in Martin, TN is 2.7% (±2.4 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 1.7% (±2.6 points).

487 (±162) homes, 10.2% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Martin, the rental vacancy rate went from 11.0% in 2015–2019 to 2.7% in 2020–2024 (−8.3 percentage points), a measurable decrease.

Figures last updated on .

Rental vacancy rate
2.7% (±2.4 points)
Homeowner vacancy rate
1.7% (±2.6 points)
Vacant homes
487 (±162)

Vacancy in Martin against Weakley County, its state and the nation

Estimate (90% margin of error)
MartinWeakley CountyTennesseeUnited States
Rental vacancy rate2.7% (±2.4 points)2.4% (±1.6 points)6.1% (±0.3 points)5.5%
Homeowner vacancy rate1.7% (±2.6 points)1.0% (±0.9 points)0.9% (±0.1 points)0.9%
Vacant housing units487 (±162)1,672 (±322)319,393 (±6,990)14,547,859

The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.

In Martin, the rental vacancy rate is not measurably different from Weakley County (2.4%).

It is also lower than in Tennessee (6.1%).

It is lower than the national figure (5.5%).

Rental vacancy rate in places near Martin

Nearest places with a published estimate, compared with Martin
PlaceDistanceRental vacancy rateCompared with this place
Martin—2.7% (±2.4 points)—
Sharon7.3 mi5.8% (±6.7 points)Not measurably different
Dresden9.4 mi0.0% (±7.9 points)Not measurably different
South Fulton11 mi0.0% (±9.5 points)Not measurably different
Rives11 mi35.0% (±49.8 points)Not measurably different
Greenfield12 mi8.1% (±12.6 points)Not measurably different
Fulton12 mi3.2% (±5.1 points)Not measurably different
Union City13 mi4.8% (±3.9 points)Not measurably different
Kenton13 mi4.2% (±6.9 points)Not measurably different

None of the nearby places differs measurably from this one on this figure.

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Rental vacancy rate across Weakley County, place by place

RankPlaceRental vacancy rate
1Greenfield8.1% (±12.6 points)
2Sharon5.8% (±6.7 points)
3Martin2.7% (±2.4 points)
4 (tie)Dresden0.0% (±7.9 points)
4 (tie)Gleason0.0% (±34.2 points)

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Martin

Is it hard to find a rental in Martin?

The rental vacancy rate in Martin, TN is 2.7% (±2.4 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.

Is the rental market in Martin tighter than it was?

In Martin, the rental vacancy rate went from 11.0% in 2015–2019 to 2.7% in 2020–2024 (−8.3 percentage points), a measurable decrease.

How many homes are vacant in Martin?

An estimated 487 (±162) housing units, 10.2% of the total, including seasonal homes and homes waiting to be sold or rented.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Martin city, Tennessee (place:46240, in state:47).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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