The typical owner-occupied home in Marquette is worth about $108,000, 55% below the Nebraska median of $238,600 and 68% below the national median of $332,700. Owners pay a median $1,234 a year in property taxes, about 1.14% of their home's value, lower than the Nebraska rate of 1.49%. The median household earns $63,375 a year, so the median home costs 1.7 times the median income (3.1 times for Nebraska). 78% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Marquette at a glance
| Marquette | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $108,000 | $238,600 | $332,700 |
| Median property tax paid per year | $1,234 | $3,549 | $3,119 |
| Property tax as a share of value | 1.14% | 1.49% | 0.94% |
| Median household income | $63,375 | $76,475 | $80,734 |
| Homes lived in by their owners | 78% | 67% | 65% |
| Owner homes with a mortgage | 43% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,063 | $1,736 | $1,963 |
| Those costs as a share of the owners' income | 14.3% | 19.5% | 21.0% |
| Median rent | $1,063 | $1,072 | $1,413 |
| Rent as a share of renters' income | 51.0% | 27.9% | 30.6% |
| Median year homes were built | 1938 | 1975 | 1980 |
| Vacant homes | 5.7% | 7.6% | 10.1% |
| Population | 265 | 1,978,707 | 334,922,499 |
What a typical home costs per month in Marquette
At this week's average 30-year rate of 7.11%, buying the median Marquette home of $108,000 with 20% down costs about $729 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $909, 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 $31,235 for the 20%-down payment. That payment is 14% of the median Marquette household income of $63,375; at that income and 20% down, the 28% guideline points to a home of about $219,000.
The median rent here is $1,063 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $21,600 |
|---|---|
| Loan amount | $86,400 |
| Principal and interest | $581 |
| Property taxes (1.14% a year) | $103 |
| Homeowners insurance (our estimate, 0.5% a year) | $45 |
| PMI | $0 |
| Total per month | $729 |
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| Down payment | $3,780 |
|---|---|
| Loan amount | $106,044 |
| Principal and interest | $713 |
| Property taxes (1.14% a year) | $103 |
| Homeowners insurance (our estimate, 0.5% a year) | $45 |
| FHA mortgage insurance | $48 |
| Total per month | $909 |
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Questions about home buying in Marquette
What is the median home value in Marquette?
About $108,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Marquette?
Homeowners pay a median $1,234 a year, which is about 1.14% 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 Marquette?
For the median home with 20% down at 7.11%, the payment is about $729 a month. Keeping that under 28% of gross income takes about $31,235 a year.
More about Marquette
- Mortgage Refinance in Marquette
- Debt Relief in Marquette
- Home Equity Loans in Marquette
- 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