Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Marquette County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $141,910 | $176,921 | $242,182 |
| Price Trend (Annual %) | 5.6% | 5.3% | 8.2% |
| Median Gross Rent | $799 | $1,045 | $1,342 |
| Rent Trend (Annual %) | 1.5% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Marquette County is about 20% lower than in Wisconsin. Rent is about 24% lower than the Wisconsin average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Marquette County, up about 5.6% and 1.5% a year respectively. Home prices are changing faster.
Median rent in Marquette County rose about 9.3% between 2015 and 2023, from $731 to $799. Over the same span, rent in Wisconsin rose about 34.7%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Marquette County.
Buying the median-priced home in Marquette County costs roughly 14.8 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 Marquette County. The price-to-rent ratio in Wisconsin is about 14.1.
| Metric | Marquette County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $141,910 | $176,921 | $242,182 |
| Median Household Income | $64,175 | $75,766 | $78,145 |
| Price-to-Income Ratio | 2.2 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Marquette County rose about 32.2%, while median household income rose about 48.6% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Marquette County | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.5% | 60.4% | 58.2% |
| Rental Rate | 13.4% | 28.6% | 31.3% |
| Vacancy Rate | 30.1% | 11.1% | 10.6% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Marquette County has a homeownership rate of 56.5%, lower than the Wisconsin average of 60.4%. Its housing vacancy rate is 30.1%, compared with 11.1% in Wisconsin.
Housing Stock
| Metric | Marquette County | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.35 people | 2.54 people |
| Median Structure Built Year | 1976 | 1973 | 1978 |
| Median Number of Rooms | 5.3 | 5.6 | 5.5 |
The typical housing unit in Marquette County was built around 1976. On average, 2.3 people live in a home with about 5.3 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Marquette County, Wisconsin.
What is the median home price in Marquette County, Wisconsin?
The median home price in Marquette County, Wisconsin is $141,910, lower than the Wisconsin average of $176,921.
What is the average home price in Marquette County, Wisconsin?
The typical home price in %s, reported as the median sale price, is %s. 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, Wisconsin?
The median gross rent in Marquette County, Wisconsin is $799 per month, lower than the Wisconsin average of $1,045.
What was the median gross rent in Marquette County in 2020?
In 2020, the median gross rent in Marquette County, Wisconsin was $719 per month.
What is the price-to-rent ratio in Marquette County, Wisconsin?
The price-to-rent ratio in Marquette County, Wisconsin is about 14.8, meaning it would take roughly 14.8 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 Marquette County.
Are home prices or rent rising faster in Marquette County, Wisconsin?
Both home prices and rent are rising in Marquette County, up about 5.6% and 1.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Marquette County, Wisconsin?
56.5% of households in Marquette County, Wisconsin own their home, lower than the Wisconsin average of 60.4%.
What is the vacancy rate in Marquette County, Wisconsin?
The housing vacancy rate in Marquette County, Wisconsin is 30.1%, higher than the Wisconsin average of 11.1%.