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City · 6,804 residents · Calhoun County, Michigan

Marshall , Michigan

In Marshall, a typical home is worth $173,500 and typical rent is $1,088 a month. Compared with all of Calhoun County, typical household income is 20% higher, typical rent is 12% higher, and the share of households that own their home is 6 points lower.

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  • Typical home value

    $173,500

    7% above the county

    25% below Michigan

    • Marshall
    • Calhoun
    • Michigan

  • Typical rent

    $1,088a month

    12% above the county

    4% below Michigan

    • Marshall
    • Calhoun
    • Michigan

  • Typical household income

    $76,050a year

    20% above the county

    4% above Michigan

    • Marshall
    • Calhoun
    • Michigan

  • Households that own their home

    66%

    6 points below the county

    7 points below Michigan

    • Marshall
    • Calhoun
    • Michigan

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$248,173
3.1% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Marshall is in Calhoun County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Calhoun County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Marshall apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Albion, the typical home value is $99,900: 42% less than in Marshall ($173,500).

  2. Nearby, in Albion, the typical rent is $775: 29% less than in Marshall ($1,088).

  3. The typical household income in Marshall is $76,050, 20% more than in Calhoun County as a whole ($63,177).

  4. 66% of households in Marshall own their home, against 73% in Calhoun County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Marshall

What homes there are in Marshall, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in Marshall, but it weighs less than in Calhoun County: 70% against 74%.

Year built

Homes in Marshall are older: the typical year built is 1957; in Calhoun County, 1961.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

With an FHA limit of $541,287, at least 99% of owner-occupied homes in Marshall sit below it: they are worth less than $500,000.

Monthly rent with utilities

With a mortgage

$1,416 a month

Calhoun County: $1,271 a month

Without a mortgage

$647 a month

Calhoun County: $545 a month

Owners with a mortgage

65%

Calhoun County: 59%

In Marshall, 65% of owners have a mortgage, and their typical cost is $1,416 a month, against $1,271 in Calhoun County. Without one it drops to $647.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Homes in Marshall gained value more slowly than in Calhoun County: 39% since 2015–2019, against 48%.

Since 2015–2019, the typical rent in Marshall rose 49%, more than in Calhoun County (29%).

To compare: typical income in Marshall rose 49%; the home, +39%; the rent, +49%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMarshallCalhoun CountyMichiganUnited States
Rental vacancy Unreliable estimate9.7%5.1%5.5%
Homeowner vacancy Unreliable estimate1.6%0.8%0.9%
More than one person per room Unreliable estimate1.4%1.6%3.4%
People per household 2.082.442.422.53
Drive alone 80%80%74%69%
Carpool Unreliable estimate8%8%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate3%2%3%
Work from home 11%8%14%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate10 to 19 minutes20 to 29 minutes20 to 29 minutes

Households in Marshall are smaller: 2.08 people on average; in Calhoun County, 2.44.

To get to work, 80% of workers in Marshall drive alone; in Calhoun County, 80%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Marshall?

A typical home is within reach of the typical income

We start with a typical home in Marshall, worth $173,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 25% of the typical household income in Marshall, which is $76,050 a year.

The calculator's FHA and conventional loan limits are those of all of Calhoun County.

Your numbers

Local data
$

Starts at the typical home value in Marshall. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $6,073 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,582

at 7.18% · 30 years

Loan amount
$170,357
Total interest
$245,104
Paid off in
November 2056

Includes $2,930 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,775 a month

    Your payment · 25%

  • Tight

    $1,775 to $2,282 a month

  • Hard

    more than $2,282 a month

Compared with the typical household income in Marshall ($76,050 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,582
Principal & interest$1,154
Property tax$279
Home insurance$72
FHA mortgage insurance (MIP)$77

You need at least $6,073 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Marshall and Calhoun County

Marshall is in Calhoun County, Michigan. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Marshall's own numbers

Typical home value
$173,500
Typical monthly rent
$1,088
Typical yearly household income
$76,050
Households that own their home
66%
Effective property tax rate
1.93%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Calhoun County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,233
Price change over 5 years (FHFA)
+54%
Homes in a high flood-risk zone
1.5%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Calhoun County.

Everything about Calhoun County

Buying

Buying a home in Marshall

A typical home in Marshall is worth $173,500: 7% above the county and 25% below Michigan. With the typical household income in Marshall ($76,050 a year), a typical home costs 2.3 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Marshall 2.3 years
  • Calhoun 2.6 years
  • Michigan 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Calhoun County

According to FHFA’s house price index, home prices in Calhoun County rose 95% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Calhoun County.

Period County Michigan U.S.
Last year (2025) +2.5% +4.7% +2.9%
5 years (2020–2025) +54% +52% +47%
10 years (2015–2025) +95% +97% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Marshall next to Calhoun County, Michigan and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Marshall $173,500
  • Calhoun $162,800
  • Michigan $231,600
  • United States $332,700
Typical monthly rent
  • Marshall $1,088
  • Calhoun $968
  • Michigan $1,129
  • United States $1,413
Typical yearly household income
  • Marshall $76,050
  • Calhoun $63,177
  • Michigan $72,875
  • United States $80,734
See the full table
Marshall next to Calhoun County and Michigan
Measure Marshall Calhoun County Michigan U.S.
Typical home value $173,500 $162,800 $231,600 $332,700
Typical monthly rent $1,088 $968 $1,129 $1,413
Typical yearly household income $76,050 $63,177 $72,875 $80,734
Households that own their home 66% 73% 73% 65%
Typical yearly property tax $3,351 $2,368 $2,904 $3,119
Effective property tax rate 1.93% 1.45% 1.25% 0.94%
Renters with high rent for their income 40% 49% 50% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Calhoun County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Marshall

For a typical $173,500 home in Marshall, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Marshall's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,582a month

    Least cash to close
    Down payment
    $6,073
    Cash to close
    $11,278
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $77

  • Conventional, 5% down $1,550a month

    Down payment
    $8,675
    Cash to close
    $13,880
    Rate
    7.18%
    Mortgage insurance
    PMI · $82

  • Conventional, 20% down, no PMI $1,292a month

    Down payment
    $34,700
    Cash to close
    $39,905
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,452a month

    Down payment
    $26,025
    Cash to close
    $31,230
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Marshall and for Calhoun County.

Property tax

Effective rate in Marshall

1.93%of the home’s value each year

$3,351 a year for the typical owner in Marshall.

  • Marshall 1.93%
  • Calhoun 1.45%
  • Michigan 1.25%

What Michigan publishes Principal Residence Exemption (PRE) from school operating tax (Michigan Legislature (Michigan Compiled Laws))

Exemptions and deadlines in Michigan

Flood risk in Calhoun County

FEMA does not publish these numbers by city: they are for all of Calhoun County.

Homes in the high-risk zone
1.5%
779
Of those, with NFIP insurance
13%
County Michigan U.S.
Homes in the high-risk zone 1.5% 1.6% 3.5%
Of those, with NFIP insurance 13% 18% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Marshall

Typical rent in Marshall is $1,088 a month: 12% above the county. In Marshall, 40% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Calhoun County, by unit size. To pay the 2-bedroom one ($1,233 a month) without spending more than 30% of your income, you would need to earn $23.71 an hour working full time.

HUD fair market rent for all of Calhoun County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $863 $16.60 $34,520
1 bedroom $1,032 $19.85 $41,280
2 bedrooms $1,233 $23.71 $49,320
3 bedrooms $1,469 $28.25 $58,760
4 bedrooms $1,653 $31.79 $66,120

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Marshall

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Marshall is in ZIP code 49068.

For 2 bedrooms it is $1,230: $3 less than the fair market rent for Calhoun County ($1,233).

  • 49068 $1,230$1,470

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Marshall when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Marshall

HUD lists 3 buildings with rents for lower incomes in Marshall. These are the largest.

  • Marshall House 200 E Spruce St, Marshall 49068 100 low-income homes · For older adults (269) 781-2391
  • Fairway Meadows II 408 Fairway Mdws, Marshall 49068 12 low-income homes · 2 bd: 6 · 3 bd: 6 · In service since 2005 · For families
  • Fairway Meadows 406 Fairway Mdws, Marshall 49068 10 low-income homes · 1 bd: 2 · 2 bd: 4 · 3 bd: 4 · In service since 2002

See all 23 buildings in Calhoun County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Marshall

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Calhoun County; none says it serves in Spanish.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Marshall

No down payment, repair or rent-help program on our list is for Marshall or Calhoun County. The ones below are statewide in Michigan: they work in Marshall the same as in the rest of the state.

Which programs do I qualify for? All programs in Michigan

  • MI 10K DPA Loan

    Statewide in Michigan

    Michigan state agency loan of up to $10,000, with no interest and no monthly payments, for the down payment, closing costs and prepaid expenses; it goes with MSHDA's MI Home Loan mortgage and is repaid in certain cases, such as when you pay off the first mortgage, sell or refinance the home, or no longer live in it. Offered by Michigan State Housing Development Authority (MSHDA).

    Deferred

    See the program Official page

  • Mortgage Credit Certificate (MCC)

    Statewide in Michigan

    Michigan state authority certificate that lets you take 20% of the interest you pay each year on your mortgage off your federal taxes, for the life of the loan; you apply with an approved lender before you buy. Offered by Michigan State Housing Development Authority (MSHDA).

    Tax credit

    See the program Official page

Housing counselors near Marshall

The HUD-approved agencies closest to the center of Marshall, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Neighborhoods Inc. of Battle Creek

    47 North Washington Ave, Battle Creek · 12 miles away

    • Budget and credit workshops
    • Fair housing pre-purchase workshops
    • and 5 more
    (269) 224-6606

  • Housing Services Mid Michigan

    319 S Cochran Ave, Charlotte · 22 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (517) 541-1180

  • Community Action Agency

    1214 Greenwood Ave, Jackson · 29 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 8 more
    (517) 784-4800

Every agency in Calhoun County All counseling agencies in Michigan

Help in Spanish near Marshall

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Marshall

In HUD’s record, no housing authority with an office in Calhoun County is named for Marshall or Calhoun County.

2 other authorities have an office in Calhoun County: see the list Source: HUD

Cities

Other cities in Calhoun County

These cities are also in Calhoun County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Calhoun County Housing in Michigan

Nearby cities

The cities closest to Marshall, with the typical home value.

Neighboring counties

If Calhoun County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Marshall.

All guides
A family walks a boardwalk trail in the forest; one of them uses a wheelchair.

Questions

Housing questions about Marshall

Short answers with the numbers for Marshall and all of Calhoun County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Marshall?

The typical home value in Marshall is $173,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Calhoun County it is $162,800.

How much does it cost to rent in Marshall?

Typical rent in Marshall is $1,088 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Calhoun County is $1,233.

What is the FHA loan limit in Marshall?

Marshall uses the FHA limit for all of Calhoun County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Marshall?

The typical homeowner in Marshall pays $3,351 a year, according to the U.S. Census Bureau. That is 1.93% of the home’s value; in Calhoun County, the rate is 1.45%.

Where can I find free help to buy or rent in Marshall?

There is 1 HUD-approved counseling agency with an office in Calhoun County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).