County profile
Martinsville city, Virginia
United States · US territory
EA Place Score
——methodology in progress
GDP
no BEA GDP
GDP growth (YoY)
1 yr only
Jobs tracked
9,013
Census CBP · 2023
Employers
511
Census CBP · 2023
Avg. wage
$43.1k
BLS QCEW · 2023
Population
13,849
Census PEP · 2025
Labor, income & education
Unemployment
5.6%
Median HH income
$46.7k±$5.2k
Bachelor's degree+
22.1%±3.6%
Poverty rate
23.5%±5.3%
Business applications
205 · 2025
Retail establishments
71
51.5/10k pop
Public companies headquartered here
SEC EDGAR · FMPCompanySectorRevenueEA
1Hooker Furnishings CorporationConsumer Cyclical$278.1M46D2Carter Bankshares, Inc.Financial Services$20.3M53DHQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).
Industry mix · employment
Health care31%
Manufacturing22%
Retail trade18%
Admin & support14%
Food & accommodation9%
Transportation5%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
13,849
residents · 2025 · +2.8% since 2020
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+392
International migration+225
Natural change−248
Real estate & risk
FHFA · ACS · FEMA
Median home value
$98.4k±$27.9k
Median gross rent
$808/mo±$32/mo
Vacancy rate
18.8%±3.5%
Affordability
2.3× wages
Residential permits
$0
0 units · 0.0/1k pop
FEMA risk score
9.6
HUD Fair Market Rent (2BR):$914/mo · 2026
TOP PERILS · FEMA NRI
Earthquake 61Hurricane 59Ice storm 47
FHFA HOUSE PRICE INDEX · 2016–2025
2002016
2052017
1882018
1982019
2062020
2352021
3182022
3352023
3612024
3592025
RESIDENTIAL PERMITS · 2021–2025
↓ -100% since 202112021
562022
22023
552024
02025
Transport access
BTS · FAA · USACE
Nearest interstate
50.8 km
I-73
Nearest freight rail
0.3 km
NS
Nearest port
204.7 km
ELKHEM METALS CO., ALLOY DOCK
Nearest commercial airport
64.8 km
PIEDMONT TRIAD INTL
Filing activity
SEC EDGAR5 filings from 2 companies here in the last 90 days.
Wage trend
BLS QCEW · 2019–2023$43.1k
avg. annual pay · +30% since 2019
Nearby & same-state counties
by GDP rankThe read
What is Martinsville city’s economy like?
Martinsville city is home to 13,849 residents and 9,013 jobs across 511 employers, led by health care. BEA does not publish state-level GDP for US territories, so no GDP figure is shown.
GDP: BEA (2025), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.