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Housing in Marshall

A typical Marshall home is worth roughly $266,000

Home prices around Marshall have risen about 47% over the past 5 years.

Typical home value
$266K
▲ 1.7% in a year · IN $260K
Estimate
2-bedroom rent
$990
a month, utilities in · HUD
Median tax bill
$1,046
IN $1,614

What kind of housing town is Marshall?

Read from the numbers below. The page puts what stands out first.

★ What stands out · The homes

96% of Marshall households own their home

Half of Marshall’s homes were built before 1988.

Owners and renters
Own 96%Rent 5%

Indiana: 71% own.

1988
typical home built · IN 1976
$1,046
median property tax bill · IN $1,614
0.45%
of a home’s value, a year in tax · IN 0.74%

U.S. Census Bureau, American Community Survey 2020-2024.

Price trend

Home prices up 47% in 5 years

The federal house price index for the ZIP codes around Marshall rose 47% over the past 5 years, slower than across Indiana (53%). Last year prices rose 1.7%. Carrying the Census median home value forward with that index puts the typical Marshall home at roughly $266,000 today.

Marshall areaIndiana
0%+50%+100%+150%200020052010201520202025
+1.7%
past year
+47%
past 5 years
+89%
past 10 years
Estimated value

Carrying the Census median forward with the index puts a typical home at about $266K.

How Marshall ranks on rising home prices →

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Marshall, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

Affordability

A typical home costs 2.7 years of income

Less than across Indiana (3.6 years). Try your own numbers below.

You could afford about
$411,000
Typical Marshall home $266K

That covers a typical Marshall home, with $145K to spare.

The typical home, each month
$1,500
Loan $1,320Tax $100Insurance $80

A two-bedroom rents for about $990 a month here, $510 less than owning.

How Marshall ranks on affordability →

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Marshall’s typical property tax (0.45% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $990

Renters already here pay a median of $940.

Fair Market Rent a month, utilities included

Studio$720
1 bedroom$810
2 bedrooms$990
3 bedrooms$1,260
4 bedrooms$1,500
5%
of households rent · IN 29%
50
renter households
16%
of renters spend 30%+ of income on rent · IN 48%
12%
of the median income, for a two-bedroom
$940
median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Bloomington, IN HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Marshall vs. its neighbors

Marshall is the priciest of 6 neighboring towns. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentNew homes 2025Median income
Marshall$266K*+1.7%†$990—$98,750
Clear Creek$256K*+1.5%†$1,170—$84,150
Perry$194K*+5.4%†$1,030—$81,964
Shawswick$165K*+1.3%†$9900$60,354
Pleasant Run$205K*—$1,070—$76,563
Indian Creek$188K*+2%†$1,000—$92,853

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Marshall buyers, sellers and renters are saying.

Town Square →
Weigh in
Is Marshall still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

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. 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. The calculator is an estimate, not a loan offer.

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