The housing market in Marshall, MN is thriving. The median value for a house in this area is $197,600, which is significantly lower than the median value of a home across the United States at $338,100. This makes it an attractive option for people wishing to invest in property as they can get more bang for their buck when compared to other parts of the country. In addition, Marshall's real estate market has seen a 1 year appreciation rate of 13.39%, which is higher than the US average of 8.27%. This demonstrates that homes in Marshall are becoming increasingly valuable over time and could be a great investment opportunity for those looking to purchase property.
The median home cost in Marshall is $197,600. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Marshall is up 12.6%.
Average Age of Homes
- The median age of Marshall real estate is 41 years old
The Rental Market in Marshall
- Renters make up 41.2% of the Marshall population
- 5.0% of houses and apartments in Marshall, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.