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Marshall

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

Median Home$208,680
Median Rent$785/month
Population14,062
Leading IndustryPublic Administration31% of local workforce
Home Value Growth+3.6% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners63% of occupied units
NotableTransit81/100 · excellent transit access
NotableHighly Educated25% hold a bachelor's degree · top 18% nationally
Marshall
MN

Frequently Asked Questions

What are today's mortgage rates in Marshall?

As of today, the 30-year fixed mortgage rate for Marshall is approximately 6.999% (7.042% 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 $209k. The median monthly rent is $785. 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 3.6% over the past two years. This represents moderate growth. 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 $907/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 $68k/year.

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What industries drive the economy in Marshall?

The largest employment sectors in Marshall are public administration (31%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.