Marquette County, Michigan Housing Market Prices
Marquette 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 33% above the Michigan median More expensive than 76% of counties in Michigan$185,162
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Median rent 16% below the Michigan median$949
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Marquette County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $185,162 | $138,713 | $248,835 |
| Price Trend (Annual %) | 20.3% | 8.6% | 7.5% |
| Median Gross Rent | $949 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Marquette County is about 33% higher than in Michigan. Rent is about 16% lower than the Michigan 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 Marquette County, up about 20.3% and 5.0% a year respectively. Home prices are changing faster.
Median rent in Marquette County rose about 51.7% between 2015 and 2024, from $625 to $949. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Marquette County.
Buying the median-priced home in Marquette County costs roughly 16.3 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Marquette County. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Marquette County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $185,162 | $138,713 | $248,835 |
| Median Household Income | $66,054 | $72,977 | $80,455 |
| Price-to-Income Ratio | 2.8 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Marquette County rose about 208.8%, while median household income rose about 40.2% 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 | Marquette County | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.6% | 64.6% | 58.5% |
| Rental Rate | 25.4% | 23.6% | 31.2% |
| Vacancy Rate | 16.0% | 11.8% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Marquette County has a homeownership rate of 58.6%, lower than the Michigan average of 64.6%. Its housing vacancy rate is 16.0%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Marquette County | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.22 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1967 | 1972 | 1978 |
| Median Number of Rooms | 5.4 | 5.9 | 5.5 |
The typical housing unit in Marquette County was built around 1967. On average, 2.2 people live in a home with about 5.4 rooms, staying for about 16.0 years on average.
Marquette County, MI Housing Compared With Nearby Counties
How Marquette County, MI compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Marquette County, MI | 66,775 | $185,162 #2/3 | $949 #1/3 | 69.7% #3/3 |
| Dickinson County, MI | 25,954 | $377,272 | $796 | 82.4% |
| Delta County, MI | 36,813 | $52,647 | $691 | 82.0% |
Frequently Asked Questions
Common questions about the housing market in Marquette County, Michigan.
What is the median home price in Marquette County, Michigan?
The median home price in Marquette County, Michigan is $185,162, higher than the Michigan average of $138,713.
What is the average home price in Marquette County, Michigan?
The typical home price in Marquette County, Michigan, reported as the median sale price, is $185,162. 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 Marquette County, Michigan?
The median gross rent in Marquette County, Michigan is $949 per month, lower than the Michigan average of $1,129.
What was the median gross rent in Marquette County in 2020?
In 2020, the median gross rent in Marquette County, Michigan was $755 per month.
What is the price-to-rent ratio in Marquette County, Michigan?
The price-to-rent ratio in Marquette County, Michigan is about 16.3, meaning it would take roughly 16.3 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Marquette County.
Are home prices or rent rising faster in Marquette County, Michigan?
Both home prices and rent are rising in Marquette County, up about 20.3% and 5.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Marquette County, Michigan?
58.6% of households in Marquette County, Michigan own their home, lower than the Michigan average of 64.6%.
What is the vacancy rate in Marquette County, Michigan?
The housing vacancy rate in Marquette County, Michigan is 16.0%, higher than the Michigan average of 11.8%.
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