Martinsville City
Typical home signal around $139,652.
Credit
Photo: JustSomeGuy4361 / CC BY 4.0 · Wikimedia Commons · Resized and re-encoded for web
Moving to Martinsville and Smith Mountain Lake from New York City (Manhattan)
For people leaving New York City (Manhattan), Southwest Virginia is one of the better-value places to land. Housing and taxes cost a good deal less here, and you're right next to the Blue Ridge.
9.7% → 5.75%
Top income tax (NYC vs VA)
0.90% → ~1%
Property tax rate
~63% lower
Cost of living vs New York City (Manhattan)
$212,326
Median home here
Taxes
New York City's top income tax rate is 9.7% versus Virginia's 5.75%, and property taxes run about 0.90% there versus roughly 1% across the region. On a $212,326 home that's a meaningful annual difference.
Cost of living & housing
Overall costs run about 63% lower here than in New York City (Manhattan). It takes only about $76,522 here to match a $200,000 lifestyle there. The $212,326 median home here would run on the order of $574,530 back in New York City (Manhattan).
Where to live
For a first pass, compare both the numbers and the lifestyle fit. These are useful starting points before you narrow to specific homes.
Patrick County
Division reports 96% on-time graduation.
Henry County
The county wrapped around Martinsville. Martinsville Speedway sits near Ridgeway, Philpott Lake anchors the northwest corner, and the Smith River threads through Bassett and Fieldale.
Then compare the broader area numbers:
| Area | Median price | Tax /$100 |
|---|---|---|
| Martinsville City | $139,652 | 0.84 |
| Franklin County | $285,000 | 0.47 |
Next steps
Run your numbersUse your actual income, current home value, and target area so the tax and affordability estimate is not generic.
Shortlist two or three areasPick one budget-first option, one commute-first option, and one daily-life option before looking at individual listings.
Check freshnessUse the source notes on each area page, especially where sale data is sparse or assessed values are used as a fallback.
Compare costs in the moving guide →
Sources and freshnessLast rebuilt 2026-09-14 with public records and source notes for moving from New York City (Manhattan) to Martinsville and Smith Mountain Lake.
- Last rebuilt 2026-09-14 from the latest records synced into this guide.
- Home-price medians use 2,521 recorded public sale rows across 2 areas.
- 2 areas show an explicit coming-soon state rather than a guessed price.
- Property and tax figures come from county/city parcel, sales, and assessor records.
- School metrics use Virginia Department of Education profiles when available.
- Amenity and business counts use OpenStreetMap, so hours and listings can change.
- Jobs, events, news, and business-directory layers are included only after their feeds or curated sources sync.
- Use these figures as planning estimates, then verify taxes, listings, and school details before making an offer.
Also exploring Southwest Virginia?
This page is focused on Martinsville and Smith Mountain Lake. Open a neighboring guide when your search crosses into another part of the region.
Open NRV guideOpen Roanoke guideOpen Lynchburg guideOpen Charlottesville guideOpen Harrisonburg guideOpen Middle Peninsula guideOpen Winchester guideOpen NoVA guideOpen Bristol guideOpen Wytheville guideOpen SWVA guideOpen Culpeper guideOpen Southside guideOpen Farmville guideOpen Danville guideOpen Staunton guideOpen Richmond guideOpen Eastern Shore guideOpen Northern Neck guideOpen Alleghany guideOpen Fredericksburg guideOpen Petersburg guideOpen Hampton Roads guide