Rental numbers for the Martinsville, VA metro
The typical home here runs -$286 a month at 7.78% with 25% down, breaking even at about 3.3%. 0 of 1 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 8.2%.
- Gross yield
- 7.8%
- typical home, Zillow
- Median ZIP yield
- 8.2%
- 1 ZIPs with full data
- Cash flow
- -$286/mo
- at 7.78%, 25% down
- Typical price
- $135,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $879/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
7 with published figures
| 24089Fieldale | $108,000 | $910* | 10.1% | 5.4% | -$94 | n/a |
| 24054Axton | $121,000 | $1,000* | 9.9% | 5.6% | -$84 | n/a |
| 24165Spencer | $163,000 | $1,260* | 9.3% | 5.4% | -$145 | n/a |
| 24112Martinsville | $132,000 | $902 | 8.2% | 4.2% | -$248 | n/a |
| 24055Bassett | $134,000 | $910* | 8.1% | 4.3% | -$247 | n/a |
| 24148Ridgeway | $166,000 | $910* | 6.6% | 3.2% | -$455 | n/a |
| 24078Collinsville | $170,000 | $910* | 6.4% | 3.0% | -$491 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- -4.4%
- Rent, 12 months
- +5.0%
- Rent minus price growth
- +9.4 pts
- Property tax
- 0.53%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $114,464 | n/a |
| Aug 2022 | $131,055 | n/a |
| Aug 2023 | $139,140 | n/a |
| Aug 2024 | $146,538 | n/a |
| Aug 2025 | $141,440 | $837 |
| Aug 2026 | $135,262 | $879 |
Counties
- Henry County, VAn/a median yield
- Martinsville city, VA8.2% median yield
Tools
Questions
- Is the Martinsville, VA metro good for rental property?
- The typical home here runs -$286 a month at 7.78% with 25% down, breaking even at about 3.3%. 0 of 1 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 8.2%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Martinsville, VA metro have the highest rental yield?
- 24112 (Martinsville) at 8.2%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.