What is the rental vacancy rate in Martinsville, VA?

The rental vacancy rate in Martinsville, VA is 7.6% (±3.6 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 2.3% (±2.1 points).

1,324 (±244) homes, 18.8% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Martinsville, the rental vacancy rate went from 11.7% in 2015–2019 to 7.6% in 2020–2024 (−4.1 percentage points), not a measurable change.

Figures last updated on .

Rental vacancy rate
7.6% (±3.6 points)
Homeowner vacancy rate
2.3% (±2.1 points)
Vacant homes
1,324 (±244)

Vacancy in Martinsville against Martinsville city, its state and the nation

Estimate (90% margin of error)
MartinsvilleMartinsville cityVirginiaUnited States
Rental vacancy rate7.6% (±3.6 points)7.6% (±3.6 points)4.8% (±0.2 points)5.5%
Homeowner vacancy rate2.3% (±2.1 points)2.3% (±2.1 points)0.8% (±0.1 points)0.9%
Vacant housing units1,324 (±244)1,324 (±244)319,024 (±7,226)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 Martinsville, the rental vacancy rate is not measurably different from Martinsville city (7.6%).

It is not measurably different from Virginia (4.8%).

It is not measurably different from the national figure (5.5%).

Rental vacancy rate in places near Martinsville

Nearest places with a published estimate, compared with Martinsville
PlaceDistanceRental vacancy rateCompared with this place
Martinsville—7.6% (±3.6 points)—
Chatmoss3.1 mi0.0% (±23.6 points)Not measurably different
Collinsville3.7 mi4.7% (±5.4 points)Not measurably different
Horse Pasture6.1 mi0.0% (±26.7 points)Not measurably different
Stanleytown6.8 mi0.0% (±15.0 points)Not measurably different
Ridgeway7.3 mi0.0% (±41.1 points)Not measurably different
Bassett8.7 mi0.0% (±33.1 points)Not measurably different
Eden14 mi8.1% (±4.6 points)Not measurably different
Stoneville15 mi0.0% (±20.2 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.

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 Martinsville

Is it hard to find a rental in Martinsville?

The rental vacancy rate in Martinsville, VA is 7.6% (±3.6 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 Martinsville tighter than it was?

In Martinsville, the rental vacancy rate went from 11.7% in 2015–2019 to 7.6% in 2020–2024 (−4.1 percentage points), not a measurable change.

How many homes are vacant in Martinsville?

An estimated 1,324 (±244) housing units, 18.8% 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 Martinsville city, Virginia (place:49784, in state:51).

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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