Marshall County, Minnesota Housing Market
In Marshall County, Minnesota, the median home value is $164,500, with a median monthly rent of $690. This places Marshall County at #1915 nationally out of 3134 counties by median home value, and #69 within Minnesota.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,118
- Establishments: 313
- BLS QCEW, 2025
Housing Supply
- Single-family: 3
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 3,822 (avg $82,598)
- Outflow: 3,709 (avg $83,495)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Marshall County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 56701 | 234.5 | -0.90% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Marshall County Compares
| Metric | Marshall County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $164,500 | $238,335 | $227,706 |
| Median Gross Rent | $690 | $938 | $968 |
| Owner Occupancy Rate | 83.0% | 77.9% | 73.3% |
| Price/Rent Ratio | 19.9 | 21.1 | 18.7 |
Market Analysis
The median home value in Marshall County is 31.0% below the Minnesota state average and 27.8% below the U.S. national average. The median rent of $690/month is 26.4% below the state average.
With a price-to-rent ratio of 19.9, the buy-vs-rent decision in Marshall County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Marshall County has an owner-occupancy rate of 83.0%, compared to 77.9% in Minnesota and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Winnebago County | Illinois | $164,500 | $1,021 |
| Iberia Parish | Louisiana | $164,500 | $897 |
| Tyrrell County | North Carolina | $164,500 | $644 |
| Caswell County | North Carolina | $164,500 | $727 |
| Marshall County | Oklahoma | $164,500 | $824 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Lincoln County | $164,400 | $674 | 81.4% |
| Martin County | $163,500 | $761 | 68.9% |
| Renville County | $163,200 | $790 | 80.2% |
| Watonwan County | $162,400 | $834 | 77.8% |
| Red Lake County | $162,000 | $583 | 83.4% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).