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Marshall, MN

Full City Profile · Minnesota · Lyon County County

3.3 /5.0
B Good
13,880 Population 1,342/sq mi density
$64,636 Median Income $36,005 per capita
$198,900 Home Value $234,696 Zillow
$742 Median Rent 28.5% income on rent
45°F Avg Temperature 276 sunny days/yr
155 Violent Crime/100K 1,192 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$64,636 median income, 2.3% unemployment
A+
Affordability
5.0 / 5.0
$198,900 home value, $742/mo rent
F
Safety
1.0 / 5.0
155 violent crimes/100K
B
Education
3.5 / 5.0
31.1% bachelor's degree or higher

Housing Overview

Median Home Value
$198,900
29% below
US avg: $281,900
Median Rent
$742/mo
36% below
US avg: $1,163/mo
Homeownership Rate
59.4%
9% below US avg (65.4%)
Total Housing Units
6,074
Median year built: 1976

Home Value by Source

Census Median
$198,900
Zillow (ZHVI)
$234,696
Median Sale Price
$275,000
Median List Price
$217,500
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

59.4%
Owner-Occupied
40.6%
Renter-Occupied
59%
41%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$671/mo
1 Bedroom
$742/mo
2 Bedroom
$973/mo
3 Bedroom
$1,182/mo
4 Bedroom
$1,632/mo
Census median rent: $742/mo

Market Indicators (Redfin)

Median Days on Market
32 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
4
Price Drops
27.3%
of listings with price reduction
Price Per Sq Ft
$125
Active Inventory
11
homes for sale

Affordability & Housing Stock

Rent Burden
28.5%
of renters spending 30%+ of income on housing
8% below US avg (31.0%)
Median Year Built
1976
Average age of housing stock: 50 years
Homeownership Rate
59.4%

Complete Housing Data

Home Values

Census Median Value$198,900
Zillow Home Value (ZHVI)$234,696
Median Sale Price$275,000
Median List Price$217,500
Price Per Sq Ft$125

Rent

Census Median Rent$742
FMR Studio$671
FMR 1-Bedroom$742
FMR 2-Bedroom$973
FMR 3-Bedroom$1,182
FMR 4-Bedroom$1,632

Market

Days on Market32
Sale-to-List Ratio1.0%
Price Drops27.3%
Homes Sold4
Active Inventory11
Price Per Sq Ft$125

Ownership & Stock

Owner-Occupied59.4%
Renter-Occupied40.6%
Homeownership Rate59.4%
Total Housing Units6,074
Median Year Built1976
Rent Burden28.5%