Marshall County, Minnesota home prices
Typical home $199,293 · +6.3% in a year · property tax 0.8%
The typical home in Marshall County is worth $199,293, 43% less than the Minnesota typical home ($348,778). Values changed +6.3% in the past year and +2.3% over five years. Homeowners here pay a median 0.8% of their home's value in property tax each year ($1,593 on the typical home), versus 1.04% statewide.
Mortgage on the typical Marshall County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $39,859 | $159,435 | $1,073 | $0 | $232 | $1,305 | $55,900 |
| 10% down | $19,929 | $179,364 | $1,207 | $75 | $232 | $1,514 | $64,900 |
| 5% down | $9,965 | $189,329 | $1,274 | $79 | $232 | $1,585 | $67,900 |
| 3.5% down (FHA) | $6,975 | $195,684 | $1,316 | $88 | $232 | $1,637 | $70,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.8% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Minnesota.
Minnesota counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Swift County | $200,692 | +5.2% | 0.86% |
| Freeborn County | $197,437 | +5.5% | 1.11% |
| Mower County | $201,999 | +2.9% | 1.03% |
| Pipestone County | $205,022 | +9.0% | 0.86% |
| Big Stone County | $205,428 | +9.9% | 0.87% |
| Renville County | $192,374 | +7.8% | 1.04% |
| Pennington County | $191,990 | -2.4% | 1.26% |
| Lincoln County | $207,341 | +5.4% | 0.96% |
| Red Lake County | $208,265 | +8.2% | 1% |
| Redwood County | $187,335 | +6.2% | 1% |
Frequently asked questions
What is the average home price in Marshall County, MN?
The typical home value in Marshall County is $199,293 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Marshall County?
About $55,900 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Marshall County?
The median effective rate is 0.8% of home value a year (Census ACS 2024 5-year estimates).