Marshall, MI 49068 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Marshall, MI—49068

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$235,000

1.8% YoY Growth

Household Income

$78,500

36.7% YoY Growth

Days on Market

14.0% Shorter YoY

Home Price Forecast

2.2%

Median Rent

$1,250

14.3% YoY Growth

1-Bed Rent

$1,100

22.2% YoY Growth

2-Bed Rent

$1,250

53.9% YoY Growth

3-Bed Rent

$2,700

22.7% YoY Growth

Home Price Trends — Marshall, MI

As of Dec '25, the median home price in Marshall, MI is $235,000, with a year-over-year change of 1.8%. This indicates that home prices in Marshall, MI are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$235,000	1.8%
Single Family	$238,000	2.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Marshall, MI

As of July '25, Rentcast reports the average rent in Marshall, MI is $1,600, with a year-over-year rent change of 14.3%. Per bedroom, the median rent as of July '25 in Marshall, MI is studios: $750, 1-bedrooms: $1,100, 2-bedrooms: $1,470, 3-bedrooms: $2,700, 4-bedrooms: $2,300. The most common rental property sizes in Marshall, MI are 2-bedroom and 3-bedroom, accounting for 37.1% and 30.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,250	$1,600
Studio Rent	$650	$750
1 Bed Rent	$1,100	$1,100
2 Bed Rent	$1,250	$1,470
3 Bed Rent	$2,700	$2,700
4 Bed Rent	$2,200	$2,300

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% of Rental Stock

Studio

3.3%

1 Bedroom

24.9%

2 Bedrooms

37.1%

3 Bedrooms

30.0%

4 Bedrooms

4.7%

Property Listings — Marshall, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Marshall, MI is 54. This is a decrease of -16.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$275,000	-4.0%
Listing Count	56	-1.0%
Listings as % of Homes	0.8%	-1.0%
Days on Market	58	-14.0%

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Demographics — Marshall, MI

As of the latest ACS Survey released in 2023, Marshall, MI has a population of 15,000, which has remained stable by 1.0% over the past 5 years. Marshall, MI is a moderately popular place for families, as children make up 19.9% of the population. The area has a moderately educated workforce, with 36.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	15,000	1.0%
% Under 18	19.9%	-8.7%
% Seniors	21.9%	4.8%
% WFH	10.3%	221.9%
% w/ College Degree	36.1%	13.2%

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As of the latest ACS Survey released in 2023, Marshall, MI is a predominantly white area, with 90.5% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Marshall, MI is hispanic, making up 4.0% of the population. Foreign-born residents account for 2.0% of the population in Marshall, MI, and this percentage has increased by 11.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	90.5%	-4.1%
% Black	0.4%	0.0%
% Hispanic	4.0%	17.6%
% Asian	1.9%	137.5%
% Foreign Born	2.0%	11.1%

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Mortgage and Risk — Marshall, MI

According to HUD data as of 2023, there were 344 mortgage originations in Marshall, MI, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Marshall, MI. Investor activity is low, as 3.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	344
% Conventional Loans	83.0%
% Government Loans	17.0%
% Investor Loans	3.0%
% Second Loans	2.0%
% Cash Out Refinance	22.0%

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Rentals and Section 8 — Marshall, MI

As of 2024, the percent of homes in Marshall, MI under the Section 8 program is 8.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Marshall, MI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	104
Total Units Section 8	104
% Rentals under Section 8	8.0%
% Occupied Section 8	98.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$230	$1,100	$870
2 Bedroom	-$190	$1,250	$1,060
3 Bedroom	-$1,420	$2,700	$1,280
4 Bedroom	-$750	$2,200	$1,450

Marshall, MI—49068

Key Metrics at a Glance

Home Price Trends — Marshall, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Marshall, MI

% of Rental Stock

Property Listings — Marshall, MI

Demographics — Marshall, MI

Race and Ethnicity

Mortgage and Risk — Marshall, MI

Mortgages

Rentals and Section 8 — Marshall, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Marshall, MI

Home Price to Income Ratio

Marshall, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Stanley Corners, MI

Olivet, MI

Battle Creek, MI

Tekonsha, MI

Homer, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$235,000
Median Household Income	$78,500

Marshall, MI—49068

Key Metrics at a Glance

Home Price Trends — Marshall, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Marshall, MI

% of Rental Stock

Property Listings — Marshall, MI

Demographics — Marshall, MI

Race and Ethnicity

Mortgage and Risk — Marshall, MI

Mortgages

Rentals and Section 8 — Marshall, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Marshall, MI

Home Price to Income Ratio

Marshall, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Stanley Corners, MI

Olivet, MI

Battle Creek, MI

Tekonsha, MI

Homer, MI

Frequently Asked Questions

What is the average home price in Marshall, MI 49068?

How have home prices in Marshall, MI 49068 changed over the past year?

What is the home price projection for Marshall, MI 49068?

What are the demographics of Marshall, MI 49068?

How long does it take homes to sell in Marshall, MI 49068?

What is the average rent price in Marshall, MI 49068?