Martinsville, VA Metro Area - Investment Guide
Metro Area • 7 Cities • 7 ZIP Codes
Avg Home Value
$142,882
Avg Monthly Rent
$886
Avg Cap Rate
4.92%
Avg Investability
3.0 ★
Cities
7
ZIP Codes
7
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Market Trends
Metro Home Value History
Metro Rent History
🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
☀️
WARM MARKET
Martinsville, VA Metro Area
Seller-favorable conditions, steady activity
0 days
Average time to sell
Very Fast
10.9%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of August 29, 2026 — updated weekly
Best ZIP codes in Martinsville, VA
Every ZIP in the metro, ranked four ways. Free.
Cities in Martinsville, VA
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 24089 | Fieldale | VA | $111,642 | $819 | 5.72% | |
| 24054 | Axton | VA | $122,698 | $900 | 5.72% | |
| 24112 | Martinsville | VA | $132,753 | $890 | 5.23% | |
| 24148 | Ridgeway | VA | $164,595 | $819 | 3.88% | |
| 24055 | Bassett | VA | $129,411 | $819 | 4.94% | |
| 24078 | Collinsville | VA | $163,420 | $819 | 3.91% | |
| 24165 | Spencer | VA | $165,228 | $1,134 | 5.35% | |
| 24089 | Fieldale | VA | $109,841 | $819 | 5.82% | |
| 24112 | Martinsville | VA | $130,904 | $921 | 5.48% | |
| 24148 | Ridgeway | VA | $157,525 | $819 | 4.06% | |
| 24054 | Axton | VA | $123,807 | $900 | 5.67% | |
| 24055 | Bassett | VA | $132,949 | $819 | 4.80% | |
| 24165 | Spencer | VA | $164,078 | $1,134 | 5.39% | |
| 24078 | Collinsville | VA | $171,597 | $819 | 3.72% | |
| 24089 | Fieldale | VA | $111,688 | $819 | 5.72% | |
| 24054 | Axton | VA | $115,602 | $900 | 6.07% | |
| 24112 | Martinsville | VA | $136,283 | $870 | 4.98% | |
| 24148 | Ridgeway | VA | $164,405 | $819 | 3.89% | |
| 24055 | Bassett | VA | $120,273 | $819 | 5.31% | |
| 24078 | Collinsville | VA | $159,976 | $819 | 3.99% | |
| 24165 | Spencer | VA | $171,866 | $1,134 | 5.15% | |
| 24089 | Fieldale | VA | $102,418 | $819 | 6.24% | |
| 24112 | Martinsville | VA | $125,553 | $855 | 5.31% | |
| 24148 | Ridgeway | VA | $150,374 | $819 | 4.25% | |
| 24054 | Axton | VA | $125,602 | $900 | 5.59% | |
| 24165 | Spencer | VA | $149,738 | $1,134 | 5.91% | |
| 24055 | Bassett | VA | $132,218 | $819 | 4.83% | |
| 24078 | Collinsville | VA | $168,371 | $819 | 3.79% | |
| 24089 | Fieldale | VA | $111,591 | $819 | 5.72% | |
| 24054 | Axton | VA | $115,602 | $900 | 6.07% | |
| 24112 | Martinsville | VA | $133,592 | $932 | 5.44% | |
| 24148 | Ridgeway | VA | $162,432 | $819 | 3.93% | |
| 24055 | Bassett | VA | $120,273 | $819 | 5.31% | |
| 24078 | Collinsville | VA | $159,976 | $819 | 3.99% | |
| 24165 | Spencer | VA | $169,093 | $1,134 | 5.23% | |
| 24089 | Fieldale | VA | $102,418 | $819 | 6.24% | |
| 24112 | Martinsville | VA | $125,553 | $855 | 5.31% | |
| 24054 | Axton | VA | $111,942 | $900 | 6.27% | |
| 24148 | Ridgeway | VA | $150,374 | $819 | 4.25% | |
| 24165 | Spencer | VA | $149,738 | $1,134 | 5.91% | |
| 24055 | Bassett | VA | $123,482 | $819 | 5.17% | |
| 24078 | Collinsville | VA | $165,537 | $819 | 3.86% | |
| 24089 | Fieldale | VA | $104,063 | $819 | 6.14% | |
| 24112 | Martinsville | VA | $128,157 | $892 | 5.43% | |
| 24148 | Ridgeway | VA | $150,526 | $819 | 4.24% | |
| 24054 | Axton | VA | $122,044 | $900 | 5.75% | |
| 24055 | Bassett | VA | $134,231 | $819 | 4.76% | |
| 24165 | Spencer | VA | $161,788 | $1,134 | 5.47% | |
| 24078 | Collinsville | VA | $169,683 | $819 | 3.76% |
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About Martinsville, VA Real Estate Market
The Martinsville, VA metropolitan statistical area (MSA) encompasses 7 cities and 7 ZIP codes. The average home value across the metro is $142,882, with an average monthly rent of $886. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.