The Most Affordable Neighborhoods in Marshall, MI by Home Value

 

Marshall, MI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Marshall area can be challenging. Home prices in Marshall are now at a median cost of $204,050, lower than the Michigan average of $250,415.

The average cost of rent is $1,050/mo in Marshall, primarily driven by the current value of real estate in the Marshall area. In Marshall, 26.22% of households rent, and 37.97% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Marshall is $6,986 per month. Households that rent pay about 15.03% of their income on rent here. Marshall’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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