Marshall County, Iowa Housing Market Prices
Marshall County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 20% below the Iowa median$122,261
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Median rent 9% below the Iowa median More expensive than 77% of counties in Iowa$884
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Marshall County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $122,261 | $153,425 | $248,835 |
| Price Trend (Annual %) | 17.2% | 7.5% | 7.5% |
| Median Gross Rent | $884 | $971 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 3.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Marshall County is about 20% lower than in Iowa. Rent is about 9% lower than the Iowa average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Marshall County, up about 17.2% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Marshall County rose about 36.3% between 2015 and 2024, from $649 to $884. Over the same span, rent in Iowa rose about 39.6%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Marshall County.
Buying the median-priced home in Marshall County costs roughly 11.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Marshall County. The price-to-rent ratio in Iowa is about 13.2.
| Metric | Marshall County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $122,261 | $153,425 | $248,835 |
| Median Household Income | $73,385 | $75,133 | $80,455 |
| Price-to-Income Ratio | 1.7 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Marshall County rose about 95.8%, while median household income rose about 49.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Marshall County | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.6% | 65.6% | 58.5% |
| Rental Rate | 22.9% | 25.9% | 31.2% |
| Vacancy Rate | 8.5% | 8.5% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Marshall County has a homeownership rate of 68.6%, higher than the Iowa average of 65.6%. Its housing vacancy rate is 8.5%, compared with 8.5% in Iowa.
Housing Stock
| Metric | Marshall County | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1957 | 1971 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Marshall County was built around 1957. On average, 2.5 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Marshall County, IA Housing Compared With Nearby Counties
Marshall County, IA is the 2nd largest of the 4 counties compared here, 40,114 residents against a local median of 16,868. Marshall County, IA's median home price, at $122,261, runs 42% above the $85,999 typical of the counties around it.
The counties themselves spread $185,521 on median home price, so Marshall County, IA sits at one end of an already wide local range rather than apart from it. Marshall County, IA has the 2nd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Marshall County, IA | 40,114 | $122,261 #2/4 | $884 #2/4 | 75.0% #2/4 |
| Hardin County, IA | 16,639 | $75,416 | $794 | 73.6% |
| Story County, IA | 100,466 | $260,937 | $1,018 | 55.5% |
| Tama County, IA | 16,868 | $85,999 | $871 | 76.0% |
Frequently Asked Questions
Common questions about the housing market in Marshall County, Iowa.
What is the median home price in Marshall County, Iowa?
The median home price in Marshall County, Iowa is $122,261, lower than the Iowa average of $153,425.
What is the average home price in Marshall County, Iowa?
The typical home price in Marshall County, Iowa, reported as the median sale price, is $122,261. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Marshall County, Iowa?
The median gross rent in Marshall County, Iowa is $884 per month, lower than the Iowa average of $971.
What was the median gross rent in Marshall County in 2020?
In 2020, the median gross rent in Marshall County, Iowa was $724 per month.
What is the price-to-rent ratio in Marshall County, Iowa?
The price-to-rent ratio in Marshall County, Iowa is about 11.5, meaning it would take roughly 11.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Marshall County.
Are home prices or rent rising faster in Marshall County, Iowa?
Both home prices and rent are rising in Marshall County, up about 17.2% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Marshall County, Iowa?
68.6% of households in Marshall County, Iowa own their home, higher than the Iowa average of 65.6%.
What is the vacancy rate in Marshall County, Iowa?
The housing vacancy rate in Marshall County, Iowa is 8.5%, about the same as the Iowa average.
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