Market Overview
Home Prices in Marshall, MN
The median home value in Marshall, MN is $248,286 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.8% compared to a year ago and up 2.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Marshall are priced39% below average. Marshall is part of the Marshall, MN metro area.
Over the past five years, Marshall home values have risen by approximately27.6%, reflecting strong long-term appreciation in this market.
Price History
Marshall Home Price Trend
City Comparison
Marshall vs. National Median
At $248,286, homes in Marshall cost 39% below the national median of $410,000. This makes Marshall a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Marshall?
20% Down Payment
$49,657
on $248,286
Monthly P&I
$1,295/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,645/mo
incl. taxes & insurance
Income Needed
$65,800
gross annual (30% rule)
10% Down Option
$24,829
+ PMI applies
Loan Amount (20% dn)
$198,629
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Marshall, MN?
The median home value in Marshall is $248,286 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.8% year-over-year.
How much have home prices changed in Marshall?
Over the past year, home values in Marshall have increased by 6.8%. Over five years, prices have risen approximately 27.6%.
How much do I need to earn to buy a home in Marshall?
To comfortably afford the median home price of $248,286 with a 20% down payment ($49,657) at today's rates (6.8%), you'd need a gross annual income of approximately $65,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Marshall compare to the national average home price?
The national median home value is approximately $410,000. At $248,286, homes in Marshall are 39% below the national average.
What metro area is Marshall part of?
Marshall is part of the Marshall, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.