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Marshall

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

Median Home$184,004
Median Rent$1,041/month
Population7,101
Leading IndustriesArts, Food & Hospitality · Education · Healthcare11% arts, food & hospitality
Home Value Growth⬆⬆⬆+25.2% over 2 years
Retirees35% of residentstop 3% nationally
Homeowners69% of occupied units
NotableAmenity Score84/100 · highly walkable area
NotableVeteran Community14% of residents · top 3% nationally
Marshall
MI

Frequently Asked Questions

What are today's mortgage rates in Marshall?

As of today, the 30-year fixed mortgage rate for Marshall is approximately 6.907% (6.943% 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 $184k. The median monthly rent is $1,041. Annual property taxes average $3k. 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 25.2% 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 $1,060/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Marshall is $74k/year.

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What industries drive the economy in Marshall?

The largest employment sectors in Marshall are public administration (25%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.