Marquette, MI home prices
Typical home $262,675 · +8.8% in a year · income needed $75,400
The Marquette, MI metro area ranks 414 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +8.8% in a year and +42.4% over five years. With 20% down at 7.11%, the typical home costs about $1,758 a month including 0.97% property tax (Marquette County rate).
Mortgage on the typical Marquette home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $52,535 | $210,140 | $1,414 | $0 | $345 | $1,758 | $75,400 |
| 10% down | $26,267 | $236,407 | $1,590 | $99 | $345 | $2,033 | $87,100 |
| 5% down | $13,134 | $249,541 | $1,679 | $104 | $345 | $2,127 | $91,200 |
| 3.5% down (FHA) | $9,194 | $257,917 | $1,735 | $116 | $345 | $2,196 | $94,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.97% 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.
Counties in the Marquette area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Marquette County, MI | $262,677 | +8.8% | 0.97% |
What can you afford in Michigan on your salary? · Michigan home prices · Salaries in Michigan
Frequently asked questions
How much is a house in Marquette?
The typical home in the Marquette, MI metro area is worth $262,675 (Zillow, September 2026).
What salary do you need to buy a house in Marquette?
About $75,400 a year for the typical home with 20% down at 7.11%.