Marshall, MI—49068
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Marshall, MI
As of Oct '25, the median home price in Marshall, MI is $236,000, with a year-over-year change of 1.6%. This indicates that home prices in Marshall, MI are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $236,000 | 1.6% |
| Single Family | $239,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $184,000 | 4.5% |
3 Bed | $242,000 | 2.1% |
4 Bed | $304,000 | 1.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Marshall, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Marshall, MI is 46. This is a decrease of -13.0% 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 | $274,000 | 1.0% |
Listing Count | 70 | -6.0% |
| Listings as % of Homes | 0.8% | -6.0% |
Days on Market | 46 | -13.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Marshall, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $236,000 |
| Median Household Income | $78,500 |