Marshall, IL housing market
Home prices around Marshall have risen about 42% over the past 5 years. Builders were permitted 8 new homes in 2025.
Home values, sales, trends and how Marshall compares with the towns next door — updated as new data is published.
Home prices up 42% in 5 years
The federal house price index for the ZIP code around Marshall rose 42% over the past 5 years, slower than across Illinois (47%). Last year prices rose 2.7%. Carrying the Census median home value forward with that index puts the typical Marshall home at roughly $182,000 today.
Show as a table
| Year | Change that year | Since 2000 | Illinois since 2000 |
|---|---|---|---|
| 2025 | +2.7% | +94% | +96% |
| 2024 | +8.3% | +89% | +85% |
| 2023 | +3.9% | +75% | +73% |
| 2022 | +14% | +68% | +61% |
| 2021 | +8.1% | +47% | +44% |
| 2020 | +3.9% | +36% | +33% |
| 2019 | +3.6% | +31% | +32% |
| 2018 | +0.5% | +27% | +28% |
| 2017 | +4.5% | +26% | +25% |
| 2016 | −1.3% | +21% | +22% |
| 2015 | +4.1% | +22% | +19% |
| 2014 | +3.3% | +17% | +15% |
| 2013 | −1% | +14% | +11% |
| 2012 | +2.9% | +15% | +11% |
| 2011 | −1.9% | +12% | +14% |
| 2010 | +0.9% | +14% | +21% |
| 2009 | −0.1% | +13% | +29% |
| 2008 | −4.1% | +13% | +40% |
| 2007 | +3.1% | +18% | +45% |
| 2006 | +3.2% | +14% | +43% |
| 2005 | +6% | +11% | +35% |
| 2004 | +1.5% | +4.3% | +24% |
| 2003 | −0.5% | +2.8% | +15% |
| 2002 | +1.2% | +3.3% | +11% |
| 2001 | +2% | +2% | +5.6% |
| 2000 | — | — | — |
How Marshall ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 62441, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
8 new homes permitted in 2025
Builders were permitted 8 new homes in Marshall in 2025: 4 single-family houses and 4 in buildings with two or more homes, worth about $1.2 million to build. That's 2 per 1,000 residents, faster than across Illinois (1.6). Over the past 10 years, Marshall has permitted 68 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Marshall gained 14 residents while 87 new homes were permitted: about 0.2 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 4 | 4 | 0 | $681,000 |
| 2025 | 8 | 4 | 4 | $1.2 million |
| 2024 | 8 | 8 | 0 | $1.1 million |
| 2023 | 1 | 1 | 0 | $50,000 |
| 2022 | 1 | 1 | 0 | $250,000 |
| 2021 | 6 | 6 | 0 | $960,000 |
| 2020 | 2 | 2 | 0 | $350,000 |
| 2019 | 1 | 1 | 0 | $75,000 |
| 2018 | 4 | 4 | 0 | $640,000 |
| 2017 | 20 | 6 | 14 | $1.1 million |
| 2016 | 17 | 5 | 12 | $947,000 |
| 2015 | 12 | 6 | 6 | $430,000 |
| 2014 | 7 | 4 | 3 | $425,000 |
| 2013 | 12 | 12 | 0 | $691,000 |
| 2012 | 5 | 5 | 0 | $431,000 |
| 2011 | 4 | 4 | 0 | $388,000 |
| 2010 | 5 | 5 | 0 | $254,000 |
| 2009 | 8 | 0 | 8 | $250,000 |
| 2008 | 47 | 1 | 46 | $3 million |
| 2007 | 7 | 7 | 0 | $913,000 |
| 2006 | 30 | 14 | 16 | $3.2 million |
| 2005 | 5 | 5 | 0 | $963,000 |
| 2004 | 6 | 6 | 0 | $802,000 |
| 2003 | 6 | 6 | 0 | $594,000 |
| 2002 | 4 | 4 | 0 | $462,000 |
| 2001 | 9 | 7 | 2 | $524,000 |
| 2000 | 14 | 12 | 2 | $1.2 million |
How Marshall ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
1.6 years of income
The typical Marshall home costs about 1.6 years of the town's median household income, less than across Illinois (3.6 years).
How Marshall ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,010
HUD's Fair Market Rent for a two-bedroom in Marshall is $1,010 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Marshall pay a median of $867, so moving in tends to cost more than staying put. A two-bedroom takes about 16% of the town's median household income.
Studio $700 · 4 bedrooms $1,340
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (62441; Clark County, IL), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.