Marshall County, IN

Comprehensive housing, income, and cost of living data for Marshall County, Indiana. Population: 46.2K.

Median Home Price
$226.5K

Based on 7 cities

Median Household Income
$68.0K

Annual household income

Price-to-Income Ratio
3.3x

Moderately affordable

Salary Needed to Buy
$57.6K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax
$1,260

Average annual amount

Effective Tax Rate
0.56%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$1,145
Property Tax$105
Insurance$94.38
Total Monthly$1,345
Historical Home Prices
2015
$128.6K
2016
$132.8K
+3.3%%
2017
$137.6K
+3.7%%
2018
$144.7K
+5.1%%
2019
$150.8K
+4.2%%
2020
$167.8K
+11.3%%
2021
$193.4K
+15.3%%
2022
$207.9K
+7.5%%
2023
$224.5K
+8.0%%
2024
$236.3K
+5.2%%
2025
$243.3K
+3.0%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
3.0%%

Below national average

Population Density
104

People per square mile

Homicide Rate
10.8

Medium (per 100K residents)

Political Lean (2020)
Competitive

R+0

Racial Demographics

White
85.4%
Black
0.5%
Hispanic
11.6%
Asian
0.7%
Two or More Races
1.7%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature
50°F

Annual average

Sunny Days
197

Days per year

Annual Rainfall
39.8"

Inches per year

Natural Disaster Risk
Moderate Risk

Score: 42/100

Frequently Asked Questions

What is the median home price in Marshall County, IN?

The median home price in Marshall County, Indiana is $226.5K. The price-to-income ratio is 3.3x, meaning the median home costs 3.3 times the median household income.

What salary do you need to buy a home in Marshall County?

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $57.6K per year to buy the median home in Marshall County, IN. Monthly housing costs break down to $1,145 for mortgage, $105 for property tax, and $94.38 for insurance.

What is the property tax rate in Marshall County?

The effective property tax rate in Marshall County is 0.56%, which comes to approximately $1,260 per year on the median home.

What is the median household income in Marshall County?

The median household income in Marshall County, Indiana is $68.0K per year, based on Census Bureau American Community Survey data. The unemployment rate is 3.0%%.

Is Marshall County a good place to live?

Marshall County, Indiana has a population of 46.2K. Housing affordability is strong with a price-to-income ratio of 3.3x. The climate averages 50 degrees F with 197 sunny days per year. Compare Marshall County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.