In Marshall, a typical home is worth $210,300 and typical rent is $779 a month. Compared with all of Lyon County, typical household income is 9% lower and the share of households that own their home is 10 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $201,723 to $248,833.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Marshall is in Lyon 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 Lyon County. See the county
What this place has that others do not, from public data, most unusual first.
1
Marshall has the 4th lowest typical rent of the 148 cities in Minnesota with more than 5,000 people ($779).
2
Nearby, in Montevideo, the typical home value is $141,000: 33% less than in Marshall ($210,300).
3
According to Zillow, in the 12 months to September 2026 the typical home value in Marshall rose 6.7%; in Minnesota, it rose 2.3%.
4
63% of households in Marshall own their home, against 73% in Lyon County.
Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data
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
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Marshall
Lyon County
Minnesota
United States
Kind of home: Marshall and its comparisons
Measure
Marshall
Lyon County
Minnesota
United States
Detached house
59%
72%
66%
61%
Attached house
4%
3%
7%
6%
Building of 2 to 4
11%
7%
4%
8%
Apartments (5 or more)
24%
16%
19%
19%
Mobile home
Unreliable estimate
3%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses are the majority in Marshall (59%), but less so than in Lyon County (72%).
Year built
Before 19601960–19791980–19992000–20092010 or later
Marshall
Lyon County
Minnesota
United States
Year built: Marshall and its comparisons
Measure
Marshall
Lyon County
Minnesota
United States
Before 1960
24%
34%
29%
26%
1960–1979
31%
29%
23%
24%
1980–1999
27%
21%
24%
25%
2000–2009
13%
11%
13%
14%
2010 or later
5%
5%
10%
11%
The typical home in Marshall was built in 1977, 5 years after the typical one in Lyon County.
Homes in Marshall are smaller: 60% have 3 bedrooms or more; in Lyon County, 65%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K13%
$100K–$200K33%
$200K–$300K36%
$300K–$500K15%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Marshall and its comparisons
Measure
Marshall
Under $100K
13%
$100K–$200K
33%
$200K–$300K
36%
$300K–$500K
15%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable
$1M or more
Unreliable estimate
At least 97% of owner-occupied homes in Marshall are worth less than $500,000, below the FHA loan limit for Lyon County ($541,287).
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50021%
$500–$99949%
$1,000–$1,49920%
HUD fair market rent, 2 bedrooms: $1,014
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Marshall and its comparisons
Measure
Marshall
Under $500
21%
$500–$999
49%
$1,000–$1,499
20%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable
About 70% of rented homes in Marshall cost less than HUD's 2-bedroom fair market rent for Lyon County ($1,014).
With a mortgage
$1,392 a month
Lyon County: $1,464 a month
Without a mortgage
$619 a month
Lyon County: $592 a month
Owners with a mortgage
53%
Lyon County: 51%
Owning costs about the same in Marshall as in Lyon County: with a mortgage, $1,392 a month; without one, $619.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Marshall+37%
Lyon County+35%
Minnesota+47%
United States+53%
Typical rent
MarshallNo clear change
Lyon County+17%
Minnesota+31%
United States+33%
Typical household income
Marshall+40%
Lyon County+30%
Minnesota+25%
United States+29%
Change since 2015–2019: Marshall and its comparisons
Measure
Marshall
Lyon County
Minnesota
United States
Typical home value
+37%
+35%
+47%
+53%
Typical rent
No clear change
+17%
+31%
+33%
Typical household income
+40%
+30%
+25%
+29%
The typical home value in Marshall rose 37% since 2015–2019, about the same as in Lyon County (35%).
Since 2015–2019, the typical rent in Marshall did not change clearly, according to the Census.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Marshall and its comparisons
Measure
Marshall
Lyon County
Minnesota
United States
Rental vacancy
8.7%
8.8%
5.3%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.6%
0.9%
More than one person per room
Unreliable estimate
Unreliable estimate
2.3%
3.4%
People per household
2.34
2.44
2.43
2.53
Drive alone
69%
72%
69%
69%
Carpool
9%
8%
8%
9%
Public transit
Unreliable estimate
Unreliable estimate
2%
3%
Walk or bike
6%
5%
3%
3%
Work from home
12%
12%
18%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
under 10 minutes
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
Much as in Lyon County, the rental vacancy rate in Marshall is 8.7%.
By size, households in Marshall look like those in Lyon County: 2.34 people on average.
In Marshall, 69% of workers drive alone to work; in Lyon County, 72%.
Do the math
What would you pay each month for a home in Marshall?
A typical home is tight for the typical income
We start with a typical home in Marshall, worth $210,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 31% of the typical household income in Marshall, which is $68,566 a year. For that payment to be 28% of income, a household would need to earn about $76,329 a year.
The calculator's FHA and conventional loan limits are those of all of Lyon County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Marshall. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $7,361 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,781
at 7.18% · 30 years
Loan amount
$206,490
Total interest
$297,091
Paid off in
November 2056
Includes $3,551 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,600 a month
Tight
$1,600 to $2,057 a month
Your payment · 31%
Hard
more than $2,057 a month
Compared with the typical household income in Marshall ($68,566 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,399
Property tax
$202
Home insurance
$88
FHA mortgage insurance (MIP)
$93
You need at least $7,361 for the down payment, plus closing costs.
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.
Total monthly payment $1,781; principal and interest $1,399.
The city and its county
Marshall and Lyon County
Marshall is in Lyon County, Minnesota. 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
Map of Lyon County, Minnesota, with Marshall marked. Around it, the neighboring counties.
Marshall
Lyon County
Marshall's own numbers
Typical home value
$210,300
Typical monthly rent
$779
Typical yearly household income
$68,566
Households that own their home
63%
Effective property tax rate
1.15%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Lyon County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,014
Price change over 5 years (FHFA)
+42%
Homes in a high flood-risk zone
1.1%
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 Lyon County.
A typical home in Marshall is worth $210,300: 5% above the county and 36% below Minnesota. With the typical household income in Marshall ($68,566 a year), a typical home costs 3.1 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.
Marshall3.1 years
Lyon2.7 years
Minnesota3.7 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Lyon County
According to FHFA’s house price index, home prices in Lyon County rose 61% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Lyon County.
Yearly change in FHFA’s price index in Lyon County, 2016 to 2025
2016: +3.8% +3.8% 2016
2017: +1.1% +1.1% 2017
2018: +2.7% +2.7% 2018
2019: +2.3% +2.3% 2019
2020: +2.9% +2.9% 2020
2021: +9.7% +9.7% 2021
2022: +9.9% +9.9% 2022
2023: +5.5% +5.5% 2023
2024: +6.2% +6.2% 2024
2025: +5.0% +5.0% 2025
Change in FHFA’s price index in Lyon County, Minnesota and the United States
Period
County
Minnesota
U.S.
Last year (2025)
+5.0%
+2.8%
+2.9%
5 years (2020–2025)
+42%
+37%
+47%
10 years (2015–2025)
+61%
+71%
+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 Lyon County, Minnesota and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Marshall$210,300
Lyon$200,700
Minnesota$329,300
United States$332,700
Typical monthly rent
Marshall$779
Lyon$781
Minnesota$1,280
United States$1,413
Typical yearly household income
Marshall$68,566
Lyon$75,303
Minnesota$89,062
United States$80,734
See the full table
Marshall next to Lyon County and Minnesota
Measure
Marshall
Lyon County
Minnesota
U.S.
Typical home value
$210,300 ▲5% above the county
$200,700
$329,300
$332,700
Typical monthly rent
$779
$781
$1,280
$1,413
Typical yearly household income
$68,566 ▼9% below the county
$75,303
$89,062
$80,734
Households that own their home
63% ▼10 points below the county
73%
72%
65%
Typical yearly property tax
$2,417 ▲14% above the county
$2,126
$3,357
$3,119
Effective property tax rate
1.15% ▲0.09 points above the county
1.06%
1.02%
0.94%
Renters with high rent for their income
45% ▲2 points above the county
43%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Lyon 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 $210,300 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$1,781a month
Least cash to close
Down payment
$7,361
Cash to close
$13,670
Rate
7.18%
Mortgage insurance
FHA MIP · $93
Conventional, 5% down$1,742a month
Down payment
$10,515
Cash to close
$16,824
Rate
7.18%
Mortgage insurance
PMI · $100
Conventional, 20% down, no PMI$1,429a month
Down payment
$42,060
Cash to close
$48,369
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,623a month
Down payment
$31,545
Cash to close
$37,854
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Marshall
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,781
$7,361
$206,491
7.18%
FHA MIP · $93
$13,670
580
Conventional, 5% down
$1,742
$10,515
$199,785
7.18%
PMI · $100
$16,824
620*
Conventional, 20% down, no PMI
$1,429
$42,060
$168,240
7.18%
None
$48,369
620*
ITIN, 15% down (example)
$1,623
$31,545
$178,755
8.18%
None
$37,854
Set by the lender
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.
Typical rent in Marshall is $779 a month: about the same as the county. In Marshall, 45% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Lyon County, by unit size. To pay the 2-bedroom one ($1,014 a month) without spending more than 30% of your income, you would need to earn $19.50 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Lyon County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$767
$14.75
$30,680
1 bedroom
$870
$16.73
$34,800
2 bedrooms
$1,014
$19.50
$40,560
3 bedrooms
$1,404
$27.00
$56,160
4 bedrooms
$1,695
$32.60
$67,800
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 56258.
For 2 bedrooms it is $1,030: $16 more than the fair market rent for Lyon County ($1,014).
Fair market rent by ZIP code and size in Marshall, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
56258
$780
$880
$1,030
$1,430
$1,720
ZIP code2 bd3 bd
56258 $1,030$1,430
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 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 9 buildings with rents for lower incomes in Marshall. These are the largest.
Parkview Apartments202 N 1st St, Marshall 56258145 low-income homes · Run by Public Housing Commission of the City of Marshall · Average payment: $430 a month · Average wait: 21 months(507) 537-7083
Marshall Square Apartments400 Jewett St, Marshall 5625890 low-income homes · 1 bd: 60 · In service since 2005 · For older adults(507) 532-4029
Cityside ApartmentsMultiple Building Addresses, Marshall 5625850 homes, 49 low-income · 2 bd: 12 · 3 bd: 38 · In service since 1997
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.
We found no HUD-approved agencies with an office in Lyon County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Marshall or Lyon County. The ones below are statewide in Minnesota: they work in Marshall the same as in the rest of the state.
Minnesota state agency loan for the down payment and closing costs alongside the Start Up mortgage for first-time buyers: up to $14,000 (or $18,000 in the Plus version), with no interest or monthly payments, repaid at the end of the mortgage.Offered by Minnesota Housing (Minnesota Housing Finance Agency).
Minnesota Housing loan of up to $14,000 for the down payment and closing costs, which you repay over 15 years at the same rate as your Minnesota Housing mortgage; it works with Start Up (first-time buyers) or Step Up.Offered by Minnesota Housing (Minnesota Housing Finance Agency).
No legal help resource on our list is for Marshall or Lyon County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Marshall and all of Lyon 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 $210,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Lyon County it is $200,700.
How much does it cost to rent in Marshall?
Typical rent in Marshall is $779 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Lyon County is $1,014.
What is the FHA loan limit in Marshall?
Marshall uses the FHA limit for all of Lyon 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 $2,417 a year, according to the U.S. Census Bureau. That is 1.15% of the home’s value; in Lyon County, the rate is 1.06%.
Where can I find free help to buy or rent in Marshall?
We found no HUD-approved counseling agencies with an office in Lyon County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
