Housing in Marlette

A typical Marlette home is worth roughly $141,000

Home prices around Marlette have risen about 26% over the past 5 years.

Typical home value

$141K

▲ 3.7% in a year · MI $266K

Estimate

2-bedroom rent

$1,060

a month, utilities in · HUD

Median tax bill

$1,301

MI $2,904

What kind of housing town is Marlette?

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

Your money goes further47% below the Michigan typical home.

★ What stands out · Affordability

A typical home costs 2.9 years of income

Less than across Michigan (3.7 years). Try your own numbers below.

You could afford about

$189,000

Typical Marlette home $141K

That covers a typical Marlette home, with $47K to spare.

The typical home, each month

$860

Loan $700Tax $120Insurance $40

A two-bedroom rents for about $1,060 a month here, $200 more than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Marlette’s typical property tax (0.98% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Price trend

Home prices up 26% in 5 years

The federal house price index for the ZIP code around Marlette rose 26% over the past 5 years, slower than across Michigan (52%). Last year prices rose 3.7%. Carrying the Census median home value forward with that index puts the typical Marlette home at roughly $141,000 today.

Marlette areaMichigan

+3.7%

past year

+26%

past 5 years

+70%

past 10 years

Estimated value

Carrying the Census median forward with the index puts a typical home at about $141K.

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

Renting

A two-bedroom rents for about $1,060

Renters already here pay a median of $873, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$750

1 bedroom$830

2 bedrooms$1,060

3 bedrooms$1,300

4 bedrooms$1,400

44%

of households rent · MI 27%

335

renter households

41%

of renters spend 30%+ of income on rent · MI 50%

26%

of the median income, for a two-bedroom

$873

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Detroit-Warren-Livonia, MI 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.

The homes

56% of Marlette households own their home

Half of Marlette’s homes were built before 1963.

Owners and renters

Own 56%Rent 44%

Michigan: 73% own.

1963

typical home built · MI 1972

$1,301

median property tax bill · MI $2,904

0.98%

of a home’s value, a year in tax · MI 1.25%

of homes are seasonal or vacation homes

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

Neighbors talk housing

What Marlette buyers, sellers and renters are saying.

Town Square →

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Is Marlette still affordable for young families?

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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.