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Housing in Marshall

A typical Marshall home is worth roughly $344,000

Typical home value
$344K
MN $351K
Estimate
2-bedroom rent
$970
a month, utilities in · HUD
Median tax bill
$2,260
MN $3,357

What kind of housing town is Marshall?

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

★ What stands out · Renting

A two-bedroom rents for about $970

Fair Market Rent a month, utilities included

Studio$670
1 bedroom$740
2 bedrooms$970
3 bedrooms$1,250
4 bedrooms$1,350
2%
of households rent · MN 28%
1
renter households

How Marshall ranks on rent that’s easy to afford →

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

The homes

98% of Marshall households own their home

Half of Marshall’s homes were built before 1965.

Owners and renters
Own 98%Rent 2%

Minnesota: 72% own.

1965
typical home built · MN 1979
$2,260
median property tax bill · MN $3,357

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Affordability

What it takes to buy in Marshall

Try your own numbers below.

You could afford about
$341,000
Typical Marshall home $344K

That’s $3K short of a typical Marshall home.

The typical home, each month
$2,100
Loan $1,700Tax $290Insurance $100

A two-bedroom rents for about $970 a month here, $1,130 less than owning.

Where your budget reaches nearby

How Marshall ranks on affordability →

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Minnesota typical property tax (1.02% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Next door

Marshall vs. its neighbors

Marshall is the priciest of 3 neighboring towns. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentNew homes 2025Median income
Marshall$344K*—$970—$110,417
Dexter$295K+4.3%$1,010—$93,750
Elkton——$9700$53,523
Adams$255K+5.5%$970—$104,375

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.

On the market in Marshall

Listed in the past 60 days. Each opens on the listing site.

Neighbors talk housing

What Marshall buyers, sellers and renters are saying.

Town Square →
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Is Marshall 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. 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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