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Affordable
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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 $221,825, lower than the Minnesota average of $345,793.
The average cost of rent is $815/mo in Marshall, primarily driven by the current value of real estate in the Marshall area. In Marshall, 35.31% of households rent, and 47.06% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Marshall is $6,240 per month. Households that rent pay about 13.06% of their income on rent here. Marshall’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lynd, MN: higher priced homes
- Ghent, MN: equally priced homes
- Amiret, MN: equally priced homes
- Milroy, MN: less expensive homes
- Cottonwood, MN: less expensive homes
- Russell, MN: less expensive homes
- Minneota, MN: less expensive homes
- Balaton, MN: less expensive homes
- Tracy, MN: less expensive homes
- Burchard, MN: higher priced homes
Cities with Similar Populations
- Bulverde, TX: higher priced homes
- Tenafly, NJ: higher priced homes
- Telford, PA: higher priced homes
- St. Helens, OR: higher priced homes
- Camden, AR: less expensive homes
- Callahan, FL: higher priced homes
- California City, CA: higher priced homes
- Byram, MS: less expensive homes
- Butner, NC: equally priced homes
- Burtonsville, MD: higher priced homes
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