Martin County, Indiana: commercial real estate data.
Martin County, Indiana has a population of 9,830 across 336 square miles, up 0.5 percent since the 2020 census base. County output reached $1.64 bn in 2024, 230 establishments operate here, and the SBA record carries 4 7(a) approvals worth $3.3 m.
114 sourced county values · tier FULL · 11 sections
Martin County
How many people live in Martin County
- Population9,830
- Households3,904
- Average household size2.52
- Median household income$68,594
- Median age42.7
- Median gross rent$697 per month
- Median owner-occupied home value$159,400
- Home value to household income2.3 times
- Annual rent as a share of median income12.2 percent
- Adults 25 and over with a bachelor degree or higher13.3 percent
- Adults 25 and over with a graduate degree3.9 percent
- Adults 25 and over6,882
- Population under 182,139
- Share under 1821.8 percent
- Population 65 and over2,063
- Share 65 and over21.0 percent
- Working age population, 18 to 645,628
- Civilian labor force4,847
- Unemployment rate2.4 percent
- Labor force participation, adults 18 and over63.0 percent
- Rank by population among Indiana counties88th of 92
- Rank by population among US county-equivalents2494th
Martin County is the 88th largest of 92 Indiana counties by population. A median home costs 2.3 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 21.8 percent against 21.0 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Martin County
Is Martin County growing
- Population change since the 2020 census base0.53 percent
- Census 2020 base population9,812
- Births, 2024124
- Deaths, 2024135
- Natural change, 2024-11
- Net domestic migration, 202413
- Net international migration, 20241
- Total net migration, 202414
- Cumulative net domestic migration, 2021 to 202493
- Rank by growth among US county-equivalents1640th
The county has grown 0.53 percent since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Martin County
Where people moving to Martin County come from
- Tax returns filed by households arriving236
- People arriving, from those returns432
- Adjusted gross income arriving$11.6 m
- Net adjusted gross income movement$0
- Average income of an arriving household$49,034
- Largest single originMartin County Non-migrants (3,841 households)
- Largest single destination (3,841 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Martin County Non-migrants | 3,841 | 7,944 | $258.6 m |
| Other flows - Same State | 96 | 162 | $3.7 m |
| Daviess County | 62 | 117 | $4.0 m |
| Other flows - Different State | 32 | 78 | $1.8 m |
| Other flows - South | 32 | 78 | $1.8 m |
| Dubois County | 23 | 40 | $1.3 m |
| Lawrence County | 23 | 35 | $802,000 |
The largest single source of arrivals is Martin County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Martin County
What the Martin County economy runs on
- County GDP, 2024$1.64 bn
- County GDP, 2023$1.49 bn
- GDP change, 2023 to 202410.1 percent
- GDP change over five years36.4 percent
- Rank by GDP among Indiana counties54th
- Rank by GDP among US county-equivalents1444th
- GDP per resident$166,364
Output grew 10.1 percent in the latest year and 36.4 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Martin County
Who employs people in Martin County
- Covered employment, annual average8,189
- Establishments reporting279
- Average annual pay$84,342
- Average weekly wage$1,622
- Sector 54, employment895
- Sector 54, average annual pay$76,102
- Sector 31-33, employment401
- Sector 31-33, average annual pay$73,069
- Sector 44-45, employment332
- Sector 44-45, average annual pay$29,279
- Sector 23, employment180
- Sector 23, average annual pay$48,285
- Sector 48-49, employment140
- Sector 62, employment125
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 54 | 895 | 39 | $76,102 |
| Sector 31-33 | 401 | 16 | $73,069 |
| Sector 44-45 | 332 | 28 | $29,279 |
| Sector 23 | 180 | 41 | $48,285 |
| Sector 48-49 | 140 | 13 | $59,011 |
| Sector 62 | 125 | 12 | $45,970 |
| Sector 81 | 71 | 25 | $25,455 |
| Sector 52 | 59 | 13 | $44,688 |
The largest sector is the biggest private employer group at 895 jobs, 10.9 percent of covered employment. Average pay per job exceeds median household income, which usually means single earner households and a wage base that can carry rent.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Martin County
What businesses operate in Martin County
- Establishments, all industries230
- Employment at those establishments2,220
- Annual payroll$116.9 m
- Establishments per 1,000 residents23.4
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Martin County
What is being built in Martin County
- Housing units authorised by permit, 202410
- Declared construction value permitted$1.6 m
- Single family units authorised4
- Multifamily units authorised6
- Multifamily share of units60.0 percent
- Average declared value per unit$156,000
- Units authorised per 1,000 households2.6
Multifamily is 60.0 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Martin County
How much SBA lending happens in Martin County
- 7(a) approvals recorded4
- 7(a) gross approval dollars$3.3 m
- Average 7(a) approval$817,500
- Median 7(a) approval$1,150,000
- 10th percentile approval$77,500
- 90th percentile approval$1,840,000
- Largest single approval$1,840,000
- Jobs reported supported, 7(a)50
- Jobs per approval12.5
- Distinct 7(a) lenders active3
- Distinct industries receiving approvals2
- Median 7(a) term180 months
- Share of loans on real estate terms, 240 months or longer25.0 percent
- Loans on real estate terms1
- Loans on working capital terms, 120 months or shorter1
- Franchise loans1
- Franchise share of approvals25.0 percent
- Leading industry by approval countLimited-Service Restaurants (3)
- Most active lenderGerman American Bank (2)
- 504 approvals recorded2
- 504 gross approval dollars$520,000
- Average 504 approval$260,000
- Median 504 approval$315,000
- Distinct CDCs active1
- 504 jobs per approval5.5
- 504 jobs per million dollars approved21.2
- Most active CDCPremier Capital Corporation (2)
- 7(a) share of SBA approvals66.7 percent
- Combined SBA approval dollars$3.8 m
The average approval of $817,500 sits close to the median of $1,150,000, so lending here is fairly evenly sized rather than driven by a few large deals. Only 25.0 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Martin County
Do SBA loans in Martin County get paid back
- Loans with a final outcome recorded0
- Paid in full0
- Charged off0
- Status: Exempt from disclosure4
Too few loans have reached a final outcome to publish a charge off rate. only 0 resolved loans, too few to publish a rate. A rate computed on a handful of loans is noise, so none is shown.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Martin County
Which parts of Martin County get the lending
- Places in the county with recorded lending2
- Shoals, approvals2
- Loogootee, approvals2
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Shoals | 2 | $280,000 |
| Loogootee | 2 | $2,990,000 |
Shoals accounts for 2 approvals against 2 in Loogootee. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Martin County
How big is Martin County
- Land area336 sq mi
- Rank by land area among Indiana counties73rd of 92
- Width, east to west13.1 mi
- Height, north to south27.6 mi
- Geographies sharing a boundary5
- Residents per square mile of land29
- Establishments per square mile0.68
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Martin County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Martin County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population9,830
- Households3,904
- Average household size2.52
- Median household income$68,594
- Median age42.7
Common questions
Martin County questions, answered from the record.
How many people live in Martin County, Indiana?
9,830, in 3,904 households, ranking 88th of 92 Indiana counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Martin County growing?
The population has grown 0.53 percent since the 2020 census base. In 2024 there were 124 births against 135 deaths, with net migration of 14. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Martin County?
$68,594. The median owner-occupied home is valued at $159,400, which is 2.3 times income, and median gross rent is $697 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Martin County?
230 establishments, employing 2,220 people with an annual payroll of $116.9 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Martin County?
Average annual pay is $84,342, or $1,622 a week, across 8,189 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Martin County?
4 7(a) approvals totalling $3.3 m since FY2020, across 3 lenders, with a median approval of $1,150,000, plus 2 504 approvals worth $520,000. These are approvals recorded in the release, not loans disbursed.
What is being built in Martin County?
10 housing units were authorised by permit in 2024, with a declared construction value of $1.6 m. Multifamily was 60.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Martin County?
Zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Martin County come from?
The largest single origin is Martin County Non-migrants, with 3,841 households. Arriving households report an average income of $49,034 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Martin County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Martin County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.