Marshall’s housing market is experiencing notable shifts, with rising home values and rental rates, alongside persistent inventory challenges.
Home Prices on the Rise
Recent data indicates a significant increase in home values. As of March 2026, the median sale price in Marshall reached $222,500, marking a 19% year-over-year growth. The median price per square foot also rose to $117, reflecting an 18.2% increase from the previous year. This upward trend underscores a strong demand for housing in the area.
Rental Market Trends
The rental sector mirrors this growth. By May 2026, the average rent in Marshall stood at $1,063 per month, a 9% increase over the past year. This rate remains 35% lower than the national average, offering relatively affordable options for renters. The average apartment size is 697 square feet, with one-bedroom units averaging $1,063 monthly.
Inventory Challenges
Despite rising prices, the housing inventory remains tight. In March 2026, there were 10 homes sold, up from 8 the previous year, yet the median days on the market increased to 43 days from 25 days. This limited supply continues to pose challenges for prospective buyers.
Looking Ahead
As Marshall’s housing market evolves, staying informed about these trends is crucial for both buyers and renters. Engaging with local real estate professionals can provide valuable insights and guidance in navigating this dynamic landscape.