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Marvin

Learn about the people, housing, costs and businesses in Marvin, South Dakota

Median Home$174,700
Median Rent$745/month
Population20
Leading IndustriesManufacturing · Public Administration3% manufacturing
Home Value Growth⬆⬆+15.5% over 2 years
Young Adults33% of residentswell above average
Homeowners75% of occupied units
Marvin
SD

Frequently Asked Questions

What are today's mortgage rates in Marvin?

As of today, the 30-year fixed mortgage rate for Marvin is approximately 6.994% (7.037% 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 Marvin?

The median home value in Marvin is $175k. The median monthly rent is $745. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Marvin?

Home values in Marvin have increased 15.5% 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 Marvin?

Based on a typical all-in ownership cost of $805/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Marvin is $71k/year.

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What industries drive the economy in Marvin?

The largest employment sectors in Marvin are public administration (29%) and wholesale trade (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.