Marshall, MN—56258
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Marshall, MN
As of Oct '25, the median home price in Marshall, MN is $232,000, with a year-over-year change of 4.5%. This indicates that home prices in Marshall, MN are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $232,000 | 4.5% |
| Single Family | $232,000 | 5.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $152,000 | 2.7% |
3 Bed | $204,000 | 2.5% |
4 Bed | $254,000 | 3.7% |
| 5 Bed | $335,000 | 2.8% |
% of Housing Stock
Rental Trends — Marshall, MN
As of July '25, Rentcast reports the average rent in Marshall, MN is $1,150, with a year-over-year rent change of -2.5%. Per bedroom, the median rent as of July '25 in Marshall, MN is 1-bedrooms: $1,100, 2-bedrooms: $1,200, 3-bedrooms: $1,560. The most common rental property sizes in Marshall, MN are 2-bedroom and 1-bedroom, accounting for 41.4% and 26.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,150 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,100 |
| 2 Bed Rent | $1,300 | $1,200 |
| 3 Bed Rent | $1,560 | $1,560 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Marshall, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Marshall, MN is 33. This is a decrease of -12.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $240,000 | 0.0% |
Listing Count | 29 | -25.0% |
| Listings as % of Homes | 0.4% | -25.0% |
Days on Market | 33 | -12.0% |
Demographics — Marshall, MN
As of the latest ACS Survey released in 2023, Marshall, MN has a population of 15,800, which has increased by 2.2% over the past 5 years. Marshall, MN is a popular place for families, as children make up 25.9% of the population. The area has a moderately educated workforce, with 32.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,800 | 2.2% |
% Under 18 | 25.9% | 4.0% |
% Seniors | 15.9% | 16.9% |
% WFH | 10.4% | 121.3% |
% w/ College Degree | 32.4% | 11.0% |
As of the latest ACS Survey released in 2023, Marshall, MN is a predominantly white area, with 79.5% of the population identifying as white. The white population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in Marshall, MN is hispanic, making up 6.6% of the population. Foreign-born residents account for 7.9% of the population in Marshall, MN, and this percentage has decreased by 19.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.5% | -0.7% |
% Black | 4.0% | -27.3% |
% Hispanic | 6.6% | -17.5% |
% Asian | 6.2% | 26.5% |
% Foreign Born | 7.9% | -19.4% |
Mortgage and Risk — Marshall, MN
According to HUD data as of 2023, there were 193 mortgage originations in Marshall, MN, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Marshall, MN. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 193 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Marshall, MN
Marshall, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 442 |
Total Units Section 8 | 273 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 80.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$310 | $1,100 | $790 |
| 2 Bedroom | -$350 | $1,300 | $950 |
| 3 Bedroom | -$230 | $1,560 | $1,330 |
| 4 Bedroom | N/A | N/A | $1,600 |
Affordability — Marshall, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $232,000 |
| Median Household Income | $70,600 |