The typical owner-occupied home in Marshall is worth about $24,800, 93% below the Alaska median of $352,900 and 93% below the national median of $332,700. Owners pay a median $199 a year in property taxes, about 0.80% of their home's value, lower than the Alaska rate of 1.11%. The median household earns $52,083 a year, so the median home costs 0.5 times the median income (3.8 times for Alaska). 85% of occupied homes here are lived in by their owners, and 11% of those owners still have a mortgage.
Marshall at a glance
| Marshall | Alaska | U.S. | |
|---|---|---|---|
| Median home value | $24,800 | $352,900 | $332,700 |
| Median property tax paid per year | $199 | $3,901 | $3,119 |
| Property tax as a share of value | 0.80% | 1.11% | 0.94% |
| Median household income | $52,083 | $92,788 | $80,734 |
| Homes lived in by their owners | 85% | 67% | 65% |
| Owner homes with a mortgage | 11% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $525 | $2,229 | $1,963 |
| Those costs as a share of the owners' income | 11.3% | 21.6% | 21.0% |
| Median rent | – | $1,419 | $1,413 |
| Median year homes were built | 1995 | 1986 | 1980 |
| Vacant homes | 9.6% | 17.6% | 10.1% |
| Population | 386 | 735,706 | 334,922,499 |
What a typical home costs per month in Marshall
At this week's average 30-year rate of 7.11%, buying the median Marshall home of $24,800 with 20% down costs about $160 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $202, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $6,871 for the 20%-down payment. That payment is 4% of the median Marshall household income of $52,083; at that income and 20% down, the 28% guideline points to a home of about $188,000.
| Down payment | $4,960 |
|---|---|
| Loan amount | $19,840 |
| Principal and interest | $133 |
| Property taxes (0.80% a year) | $17 |
| Homeowners insurance (our estimate, 0.5% a year) | $10 |
| PMI | $0 |
| Total per month | $160 |
Change the numbers in the calculator
| Down payment | $868 |
|---|---|
| Loan amount | $24,351 |
| Principal and interest | $164 |
| Property taxes (0.80% a year) | $17 |
| Homeowners insurance (our estimate, 0.5% a year) | $10 |
| FHA mortgage insurance | $11 |
| Total per month | $202 |
Change the numbers in the calculator
Questions about home buying in Marshall
What is the median home value in Marshall?
About $24,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Marshall?
Homeowners pay a median $199 a year, which is about 0.80% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Marshall?
For the median home with 20% down at 7.11%, the payment is about $160 a month. Keeping that under 28% of gross income takes about $6,871 a year.
More about Marshall
- Mortgage Refinance in Marshall
- Debt Relief in Marshall
- Home Equity Loans in Marshall
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data