Martin County, Florida
Martin County
Martin County is part of the southeast region of Florida, along with Indian River, St. Lucie, Miami-Dade, Palm Beach, Broward, and Monroe counties. Martin cities and towns are Stuart, Jupiter Island, Ocean Breeze, and Sewall's Point. Other communities of note include Hobe Sound, Indiantown, Jensen Beach, and Palm City. More than 140,000 people live in Martin County.
County targeted industries include aviation and aerospace, environmental/green technologies, marine industries, and headquarters. Top public sector employers are Martin County School District, Martin County, Florida State Government, City of Stuart, and Indian River State College. Private employers are Martin Memorial Healthcare Systems, Publix Supermarkets, Old Cell Phone, TurboCombustor Technologies Inc, and Florida Power and Light.
The county seat of Stuart is home to over 15,000. Known as the Sailfish Capital of the World, Stuart is a popular boating and fishing destination. Indeed, Ralph Evinrude, owner of Evinrude Outboard Motors, retired to nearby Jensen Beach.
Jupiter Island is a town located in the southeastern section of the county on the barrier island of the same name. Located off the coast of Hobe Sound, Jupiter Island is amongst the five wealthiest places per capita in the country. The town has been home to celebrities such as Tiger Woods, Celine Dion, and Alan Jackson.
Martin County Florida Cities
There are 6 cities in Martin County Florida. These are listed below. Click on a link for details.
Hobe Sound, Indiantown, Jensen Beach, Palm City, Port Salerno, Stuart,
Martin County has a population of approximately 148,817 people. The population increased 1.7% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida and a 1.7% increase for the country as a whole. Martin County is 543.46 square miles and had a population density of 269.2 Persons per square mile in 2010. This compared to 350.6 for Florida and 87.4 for the country.
There are 78,356 housing units in Martin County (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Martin County has a 78.8% homeownership rate compared to Florida's rate of 69.0%. Martin County's medium household income in 2011 was $53,612, which is higher than the medium income for Florida as a whole: $47,827.
| Region | Population 2012 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| United States | 313,914,040 | $14,025,202 | 1.7% | $52,762 | 132,312,404 | $186,200 |
| Florida | 19,317,568 | $630,738 | 2.7% | $47,827 | 9,026,965 | $188,600 |
| Martin County | 148,817 | $4,347 | 1.7% | $53,612 | 78,356 | $238,200 |
10.8% of the population in Martin County lives below the poverty line, compared to 14.7% in Florida and 14.3% nationwide. Additional Information:
- Martin County Census Data
- University of Florida Bureau of Economic and Business Research - Martin County
Martin County Economic Activity
The U.S. Bureau of the Census, Economic , 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Martin County. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.
At $4,347 million, Martin County's economic activity represents 0.69% of the Florida economy.
| Activity | Value (Millions) | Percentage |
|---|---|---|
| Manufacturers shipments | $856 | 19.7% |
| Merchant wholesaler sales | $742 | 17.1% |
| Retail sales | $2,470 | 56.8% |
| Accommodation and food services sales | $279 | 6.4% |
| Total | $4,347 | 100% |
Martin County Regional Comparisons
Martin County is located in Southeast Florida. This region is responsible for 37.7% of Florida's economic activity. Martin County represents 1.8% of the region's economy.
| Region | Population 2012 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| Indian River County | 140,567 | $2,455 | 1.8% | $46,363 | 76,251 | $179,300 |
| St. Lucie County | 283,866 | $5,576 | 2.2% | $44,947 | 137,581 | $157,600 |
| Martin County | 148,817 | $4,347 | 1.7% | $53,612 | 78,356 | $238,200 |
| Palm Beach County | 1,356,545 | $38,668 | 2.8% | $52,951 | 668,159 | $236,600 |
| Broward County | 1,815,137 | $73,668 | 3.8% | $51,782 | 810,795 | $225,300 |
| Miami-Dade County | 2,591,035 | $110,643 | 3.8% | $43,957 | 990,558 | $246,800 |
| Monroe County | 74,809 | $2,136 | 2.4% | $53,889 | 52,552 | $463,100 |
| Total | 6,410,776 | $237,494 | 2.6% | $49,643 | 2,814,252 | $249,557 |
Martin Real Estate
There are 71,406 properties in Martin County. The following table shows a summary of them based on 2013 sales data.
| Usage Type | Property Count | % | Sales Count | Median Price | Median Price/Ft | Sales From | To |
|---|---|---|---|---|---|---|---|
| Commercial Property | 0 | 0.00 | 69 | $364,000 | $119 | January 1st, 2013 | September 1st, 2013 |
| Government Property | 516 | 0.72 | 3 | $93,000 | $57 | January 1st, 2013 | January 1st, 2013 |
| Residential Property | 0 | 0.00 | 3,533 | $152,000 | $98 | January 1st, 2013 | September 1st, 2013 |
Commercial Real Estate in Martin County, Florida
0( .00%) of the properties in Martin County are classified as Commercial. 69 of them sold between January 1st, 2013 and September 1st, 2013. The total value of these sales was $74,846,400. The median sales price was $364,000. In 2013 the median sales price for A Class Commercial Property in Martin County was $273 per sq ft, B Class properties sold for $119/ft and C Class $47/ft.
Government Real Estate in Martin County, Florida
516( .72%) of the properties in Martin County are classified as Government. 3 of them sold between January 1st, 2013 and January 1st, 2013. The total value of these sales was $279,000. The median sales price was $93,000. In 2013 the median sales price for Government Property in Martin County was $57 per sq ft.
Residential Real Estate in Martin County, Florida
0( .00%) of the properties in Martin County are classified as Residential. 3,533 of them sold between January 1st, 2013 and September 1st, 2013. The total value of these sales was $2,943,682,134. The median sales price was $152,000. In 2013 the median sales price for A Class Residential Property in Martin County was $188 per sq ft, B Class properties sold for $98/ft and C Class $43/ft.
Additional Details:
Martin Market Data
| Property Usage | Property Count | Total Sq Ft |
|---|---|---|
| Agricultural | 1,038 | 2,081,056 |
| Government Property | 514 | 6,337,672 |
| Health Care | 17 | 420,248 |
| Hotel & Motel | 309 | 851,952 |
| Industrial | 776 | 8,528,244 |
| Land | 4,247 | 570,665 |
| Miscellaneous Property | 60 | 136,174 |
| Mobile/Manufactured | 3,878 | 3,720,567 |
| Multifamily | 1,117 | 5,511,130 |
| Office | 398 | 3,127,395 |
| Residential | 62,345 | 109,225,092 |
| Retail | 1,315 | 11,982,280 |
| Senior Housing | 11 | 958,929 |
| Special Purpose | 262 | 2,912,983 |
| Sports & Entertaining | 67 | 961,801 |