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Marshall

Learn about the people, housing, costs and businesses in Marshall, Illinois

Median Home$121,505
Median Rent$878/month
Population3,870
Leading IndustriesRetail · Manufacturing · Wholesale Trade23% retail
Home Value Growth⬆⬆+16.4% over 2 years
Retirees23% of residentsslightly above average
Homeowners69% of occupied units
Marshall
IL

Frequently Asked Questions

What are today's mortgage rates in Marshall?

As of today, the 30-year fixed mortgage rate for Marshall is approximately 7.302% (7.318% 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 Marshall?

The median home value in Marshall is $122k. The median monthly rent is $878. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Marshall?

Home values in Marshall have increased 16.4% over the past two years. This indicates a strong appreciation trend. 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 Marshall?

Based on a typical all-in ownership cost of $909/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 Marshall is $75k/year.

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What industries drive the economy in Marshall?

The largest employment sectors in Marshall are public administration (24%) and retail (23%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.