Marshall, MI Real Estate
According to census data in the year 2000 there were 3,351 housing units in Marshall.
This represents a 15.8% growth from 2,894 in 1990.
Of those housing units, 3,249 were located in either urbanized areas or urban clusters, and 102 were located in what is classified as a rural area.
Homeownership rate in Marshall is about 66.9%.
Marshall's vacancy rate, including seasonal lodging, is about 7%.
Average household size is 2.31 people.
The majority of houses, apartments or condos in Marshall were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 14.50% |
| Two Bedrooms | 30.30% |
| Three Bedrooms | 37.20% |
| Four Bedrooms | 13.20% |
| Five Bedrooms or more | 3.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.43 |
| Median year structure was built | 1950 |
| Median Value of occupied units | $102,200 |
| Median Price asked for vacant units | $127,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.07 |
| Median year structure was built | 1964 |
| Median Monthly Rent asked for vacant units | $493 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.80% |
| Home Equity Loan | 7.40% |
| Simple Mortgage | 53.90% |
| Debt Free | 32% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.9% |
