Marshall County, Minnesota 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 32% below the Minnesota median$161,250
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Median rent 46% below the Minnesota median Cheaper than 93% of counties in Minnesota$689
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Marshall County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $161,250 | $236,718 | $248,835 |
| Price Trend (Annual %) | 15.3% | 6.6% | 7.5% |
| Median Gross Rent | $689 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 2.9% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Marshall County is about 32% lower than in Minnesota. Rent is about 46% lower than the Minnesota 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 15.3% and 2.9% a year respectively. Home prices are changing faster.
Median rent in Marshall County rose about 27.4% between 2015 and 2024, from $541 to $689. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Marshall County.
Buying the median-priced home in Marshall County costs roughly 19.5 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 Marshall County. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Marshall County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $161,250 | $236,718 | $248,835 |
| Median Household Income | $72,346 | $89,852 | $80,455 |
| Price-to-Income Ratio | 2.2 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Marshall County rose about 117.4%, while median household income rose about 49.5% 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 | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.4% | 65.5% | 58.5% |
| Rental Rate | 14.6% | 25.2% | 31.2% |
| Vacancy Rate | 14.0% | 9.3% | 10.2% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Marshall County has a homeownership rate of 71.4%, higher than the Minnesota average of 65.5%. Its housing vacancy rate is 14.0%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Marshall County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.33 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1969 | 1976 | 1978 |
| Median Number of Rooms | 6.0 | 6.1 | 5.5 |
The typical housing unit in Marshall County was built around 1969. On average, 2.3 people live in a home with about 6.0 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Marshall County, Minnesota.
What is the median home price in Marshall County, Minnesota?
The median home price in Marshall County, Minnesota is $161,250, lower than the Minnesota average of $236,718.
What is the average home price in Marshall County, Minnesota?
The typical home price in Marshall County, Minnesota, reported as the median sale price, is $161,250. 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, Minnesota?
The median gross rent in Marshall County, Minnesota is $689 per month, lower than the Minnesota average of $1,280.
What was the median gross rent in Marshall County in 2020?
In 2020, the median gross rent in Marshall County, Minnesota was $625 per month.
What is the price-to-rent ratio in Marshall County, Minnesota?
The price-to-rent ratio in Marshall County, Minnesota is about 19.5, meaning it would take roughly 19.5 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 Marshall County.
Are home prices or rent rising faster in Marshall County, Minnesota?
Both home prices and rent are rising in Marshall County, up about 15.3% and 2.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Marshall County, Minnesota?
71.4% of households in Marshall County, Minnesota own their home, higher than the Minnesota average of 65.5%.
What is the vacancy rate in Marshall County, Minnesota?
The housing vacancy rate in Marshall County, Minnesota is 14.0%, higher than the Minnesota average of 9.3%.
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