Marquette Metro Area, MI Housing

The housing market in the Marquette, MI Metro Area is performing above the national average. According to data, the current median value for a house in Marquette sits at $207,100 compared to the national median of $338,100. Additionally, the 1 year house appreciation rate for Marquette is 13.62%, higher than the United States at 8.27%. This shows that housing prices are growing and demand is strong in the area. Therefore, it can be concluded that Marquette has a thriving real estate market with potential for further growth.

The median home cost in Marquette Metro Area is $207,100. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Marquette Metro Area is up 23.1%.

Average Age of Homes

- The median age of Marquette Metro Area real estate is 50 years old

The Rental Market in Marquette Metro Area

- Renters make up 23.7% of the Marquette Metro Area population
- 1.3% of houses and apartments in Marquette Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Marquette, Michigan	United States
	33,626.0	139,647,020.0
	51	42
	$207,100	$338,100
	23.1%	16.6%
	60.1%	57.0%
	71.4%	101.1%
	$11.17	$10.98
	$1,810	$2,690
	56.8%	57.4%
	20.6%	11.2%
	22.6%	31.4%
Vacant Housing
	1.3%	1.9%
	0.7%	0.4%
	0.4%	0.7%
	0.1%	0.4%
	13.8%	3.6%
	4.2%	4.1%
Value of Owner-Occupied Housing
	2.6%	2.6%
	4.7%	2.4%
	5.8%	2.8%
	6.0%	3.9%
	7.5%	4.5%
	18.3%	11.3%
	20.4%	13.0%
	19.9%	20.1%
	8.2%	13.6%
	2.9%	8.3%
	2.5%	9.7%
	0.6%	3.9%
	0.2%	2.2%
	0.2%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.8%	13.6%
	6.8%	13.6%
	9.9%	13.6%
	8.3%	13.2%
	20.5%	14.8%
	9.9%	13.6%
	11.3%	10.0%
	5.6%	4.7%
	20.6%	12.2%

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