How far your money goes in Martinsville and Smith Mountain Lake.

Southside Virginia between the Blue Ridge foothills and Smith Mountain Lake: NASCAR's shortest Cup track, uptown Martinsville, and lake-and-mountain country across four localities. If you're coming from a pricier metro, the calculator below shows what your salary and home equity are really worth in Martinsville and Smith Mountain Lake, plus the tax difference and what a house here actually costs. Every figure comes straight from public tax and sales records.

1,200+ homes changed hands in Martinsville and Smith Mountain Lake in the last year, every number on this page comes from those public records.

Smith Mountain Lake in Virginia
Credit
Photo: 23penguin / CC BY-SA 4.0 · Wikimedia Commons · Resized and re-encoded for web

Your relocation calculator

Put in your current ZIP and income, and you'll see how the cost of living, taxes, and home prices differ here.

You can afford
$729,495
~$4,667/mo · $145,899 down in Martinsville City
You save on taxes
$4,921/yr
income −$1,242 · property +$6,164
Equivalent salary here
$170,000
cost of living ~15% lower than a typical large metro
Median home there
$139,652
from recorded local sales

Estimates only, not financial or legal advice. Verify with a licensed professional.

Or check what's near a specific address →

What homes cost, by area

Median sale price (last 2–8 years), the typical range, assessed $/sqft, and the local real-estate tax rate per $100 of value. All of it pulled from public parcel and sales records.

AreaMetroMedian priceTypical range$/sqftTax /$100
Franklin CountyMARTINSVILLE_REGION$285,000$155,000–$511,800-0.47
Martinsville CityMARTINSVILLE_REGION$139,652$88,000–$219,425-0.84
Henry CountyMARTINSVILLE_REGIONfew recorded sales--0.56
Patrick CountyMARTINSVILLE_REGIONfew recorded sales--0.73
Sources and freshnessLast rebuilt 2026-09-14 with public records and source notes for 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.

What your money buys, by area

Martinsville City

$139,652
median sale · 306 recent sales
52 restaurants · 17 grocery · Somewhat walkable
Martinsville City Public Schools: 88% grad rate · 66% math / 65% reading SOL

An independent city and the region's retail and services hub. Uptown Martinsville, the Virginia Museum of Natural History, and the Dick and Willie Passage rail trail.

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Henry County

Market data coming soon
Too few recorded sales or assessments yet. See the full area guide below.
0 restaurants · 0 grocery · Car-dependent
Henry County Public Schools: 86% grad rate · 66% math / 67% reading SOL

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.

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Patrick County

Market data coming soon
Too few recorded sales or assessments yet. See the full area guide below.
0 restaurants · 0 grocery · Car-dependent
Patrick County Public Schools: 96% grad rate · 82% math / 84% reading SOL

Blue Ridge Parkway country: Stuart, Meadows of Dan, Mabry Mill, and Fairy Stone State Park. Rural mountain acreage where the parkway rides the county's crest.

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Franklin County

$285,000
median sale · 2,215 recent sales
0 restaurants · 0 grocery · Car-dependent
Franklin County Public Schools: 94% grad rate · 80% math / 77% reading SOL

Rocky Mount and the Franklin County shore of Smith Mountain Lake. The region's lake-home market, plus Blue Ridge foothill farmland south of Roanoke.

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Where homes are most affordable

Median sale price by area. The cheaper counties, like Floyd and Pulaski, tend to give you more land for the money and fewer amenities nearby.

Martinsville City
$139,652
Franklin County
$285,000

Email yourself this comparison

1,200+ homes changed hands in Martinsville and Smith Mountain Lake in the last year, every number on this page comes from those public records.

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Estimates are for general guidance only and are not tax, legal, or financial advice. Tax rates and prices change; verify current figures before making decisions.

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