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Marcellus

Learn about the people, housing, costs and businesses in Marcellus, Michigan

Median Home$190,800
Median Rent$910/month
Population1,065
Leading IndustriesRetail · Construction · Wholesale Trade25% retail
Home Value Growth-1.6% over 2 years
Young Adults24% of residents
Homeowners87% of occupied units
Marcellus
MI

Frequently Asked Questions

What are today's mortgage rates in Marcellus?

As of today, the 30-year fixed mortgage rate for Marcellus is approximately 6.929% (6.966% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Marcellus?

The median home value in Marcellus is $191k. The median monthly rent is $910. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Marcellus?

Home values in Marcellus have decreased 1.6% over the past two years. Buyers may find more negotiating room in this market. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Marcellus?

Based on a typical all-in ownership cost of $921/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Marcellus is $73k/year.

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What industries drive the economy in Marcellus?

The largest employment sectors in Marcellus are retail (25%) and public administration (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.