Marshall, MN home prices
Typical home $226,823 · +8.6% in a year · income needed $65,800
The Marshall, MN metro area ranks 537 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +8.6% in a year and +23.5% over five years. With 20% down at 7.11%, the typical home costs about $1,534 a month including 1.06% property tax (Lyon County rate).
Mortgage on the typical Marshall home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $45,365 | $181,459 | $1,221 | $0 | $314 | $1,534 | $65,800 |
| 10% down | $22,682 | $204,141 | $1,373 | $85 | $314 | $1,772 | $75,900 |
| 5% down | $11,341 | $215,482 | $1,450 | $90 | $314 | $1,853 | $79,400 |
| 3.5% down (FHA) | $7,939 | $222,715 | $1,498 | $100 | $314 | $1,912 | $82,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.06% 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 Marshall area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Lyon County, MN | $226,888 | +8.5% | 1.06% |
What can you afford in Minnesota on your salary? · Minnesota home prices · Salaries in Minnesota
Frequently asked questions
How much is a house in Marshall?
The typical home in the Marshall, MN metro area is worth $226,823 (Zillow, September 2026).
What salary do you need to buy a house in Marshall?
About $65,800 a year for the typical home with 20% down at 7.11%.