Marshall County, Indiana 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 15% above the Indiana median$164,062
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Median rent 12% below the Indiana median More expensive than 71% of counties in Indiana$938
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Marshall County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $164,062 | $142,738 | $248,835 |
| Price Trend (Annual %) | 11.1% | 7.2% | 7.5% |
| Median Gross Rent | $938 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Marshall County is about 15% higher than in Indiana. Rent is about 12% lower than the Indiana 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 11.1% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Marshall County rose about 39.2% between 2015 and 2024, from $673 to $938. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Marshall County.
Buying the median-priced home in Marshall County costs roughly 14.6 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 Indiana is about 11.2.
| Metric | Marshall County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $164,062 | $142,738 | $248,835 |
| Median Household Income | $71,929 | $71,967 | $80,455 |
| Price-to-Income Ratio | 2.3 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Marshall County rose about 77.8%, while median household income rose about 31.3% 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 | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.4% | 64.4% | 58.5% |
| Rental Rate | 20.9% | 26.9% | 31.2% |
| Vacancy Rate | 11.7% | 8.8% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Marshall County has a homeownership rate of 67.4%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 11.7%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Marshall County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.57 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1972 | 1975 | 1978 |
| Median Number of Rooms | 6.3 | 5.9 | 5.5 |
The typical housing unit in Marshall County was built around 1972. On average, 2.6 people live in a home with about 6.3 rooms, staying for about 17.0 years on average.
Marshall County, IN Housing Compared With Nearby Counties
Marshall County, IN is the 4th largest of the 5 counties compared here, 46,284 residents against a local median of 143,787. Marshall County, IN's median home price, at $164,062, runs 16% above the $141,701 typical of the counties around it.
The counties themselves spread $91,756 on median home price, so Marshall County, IN sits at one end of an already wide local range rather than apart from it. Marshall County, IN has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Marshall County, IN | 46,284 | $164,062 #2/5 | $938 #4/5 | 76.4% #3/5 |
| St. Joseph County, IN | 273,015 | $121,815 | $1,062 | 69.0% |
| Starke County, IN | 23,365 | $213,571 | $712 | 83.0% |
| Kosciusko County, IN | 80,442 | $130,500 | $1,043 | 77.0% |
| Elkhart County, IN | 207,132 | $152,902 | $1,047 | 71.6% |
Frequently Asked Questions
Common questions about the housing market in Marshall County, Indiana.
What is the median home price in Marshall County, Indiana?
The median home price in Marshall County, Indiana is $164,062, higher than the Indiana average of $142,738.
What is the average home price in Marshall County, Indiana?
The typical home price in Marshall County, Indiana, reported as the median sale price, is $164,062. 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, Indiana?
The median gross rent in Marshall County, Indiana is $938 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Marshall County in 2020?
In 2020, the median gross rent in Marshall County, Indiana was $760 per month.
What is the price-to-rent ratio in Marshall County, Indiana?
The price-to-rent ratio in Marshall County, Indiana is about 14.6, meaning it would take roughly 14.6 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, Indiana?
Both home prices and rent are rising in Marshall County, up about 11.1% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Marshall County, Indiana?
67.4% of households in Marshall County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Marshall County, Indiana?
The housing vacancy rate in Marshall County, Indiana is 11.7%, higher than the Indiana average of 8.8%.
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