Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$262,677+8.8% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 24% have cut their price
Income needed to buy, per year$56,943About 0.8× the local median income ($67,030): affordable for a typical household
Days on market52 daysFaster than a year ago: sellers have the edge
The typical home in Marquette County, MI is worth $262,677, up 8.8% from a year ago. That is well above what local incomes have historically supported: fair value is about $209,622, so the area is 25.3% overvalued. It is a balanced market: homes take about 52 days to sell, listings are up 71% from a year ago, 24% of listings have had a price cut. A household needs about $56,943 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $67,030. Typical rent is $1,276 a month. In the latest IRS figures, 167 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$262,677
Change in 1 year
+8.8%
Overvalued %
+25.3%
Show 6 more
Fair home value
$209,622
Change in 5 years
+42.4%
Home value to income
3.9×
Monthly mortgage payment (20% down)
$1,424
Income needed to afford it
$56,943
Property tax rate
0.97%
Rent and investing
Typical rent
$1,276
Price-to-rent ratio
17.1×
HUD Fair Market Rent, 2 bedrooms
$1,199
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Gross rental yield
5.83%
Cap rate (estimate)
3.79%
Market activity
Listings vs a year ago
+71.1%
Days on market
52
Listings with a price cut
23.7%
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Homes for sale
207
Pending sales per 100 listings
44
Asking price per sq ft
$212
People and jobs
Median household income
$67,030
Population change (1 year)
+0.4%
Unemployment rate
4.6%
Show 4 more
Population
68,064
Income adjusted for cost of living
$75,315
Net moves in (IRS)
+167
Cost of living (US = 100)
89.0
Schools, risk and environment
School rating (1 to 10)
6.7
FEMA hazard risk score (0 to 100)
69.8
Unhealthy air days a year
16
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Flood risk score
59.1
Wildfire risk score
68.7
Walkability (1 to 20)
7.0
Road, rail and air noise
53 dB
Questions people ask
Is Marquette County, MI overvalued?
Home prices in Marquette County, MI are well above what local incomes have historically supported: fair value is about $209,622, so the area is 25.3% overvalued.
Is Marquette County, MI a buyer's or seller's market?
Marquette County, MI is a balanced market: homes take about 52 days to sell, listings are up 71% from a year ago, 24% of listings have had a price cut.
Are home prices going down in Marquette County, MI?
Home values in Marquette County, MI are up 8.8% over the last year.
How much do you need to earn to buy a home in Marquette County, MI?
A household needs about $56,943 a year to afford the typical home in Marquette County, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $67,030.