The typical owner-occupied home in Marquette is worth about $232,500, 13% below the Wisconsin median of $266,500 and 30% below the national median of $332,700. Owners pay a median $2,964 a year in property taxes, about 1.27% of their home's value, lower than the Wisconsin rate of 1.42%. The median household earns $58,750 a year, so the median home costs 4.0 times the median income (3.4 times for Wisconsin). 70% of occupied homes here are lived in by their owners, and 45% of those owners still have a mortgage.
Marquette at a glance
| Marquette | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $232,500 | $266,500 | $332,700 |
| Median property tax paid per year | $2,964 | $3,792 | $3,119 |
| Property tax as a share of value | 1.27% | 1.42% | 0.94% |
| Median household income | $58,750 | $77,485 | $80,734 |
| Homes lived in by their owners | 70% | 68% | 65% |
| Owner homes with a mortgage | 45% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,429 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 22.5% | 19.5% | 21.0% |
| Median rent | $900 | $1,087 | $1,413 |
| Rent as a share of renters' income | 51.0% | 27.2% | 30.6% |
| Median year homes were built | 1978 | 1975 | 1980 |
| Vacant homes | 27.4% | 10.8% | 10.1% |
| Population | 232 | 5,914,872 | 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 $232,500 with 20% down costs about $1,594 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,981, 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 $68,322 for the 20%-down payment. That payment is 33% of the median Marquette household income of $58,750; at that income and 20% down, the 28% guideline points to a home of about $200,000.
The median rent here is $900 a month, so owning the median home costs about $694 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $46,500 |
|---|---|
| Loan amount | $186,000 |
| Principal and interest | $1,251 |
| Property taxes (1.27% a year) | $246 |
| Homeowners insurance (our estimate, 0.5% a year) | $97 |
| PMI | $0 |
| Total per month | $1,594 |
Change the numbers in the calculator
| Down payment | $8,138 |
|---|---|
| Loan amount | $228,289 |
| Principal and interest | $1,536 |
| Property taxes (1.27% a year) | $246 |
| Homeowners insurance (our estimate, 0.5% a year) | $97 |
| FHA mortgage insurance | $103 |
| Total per month | $1,981 |
Change the numbers in the calculator
Questions about home buying in Marquette
What is the median home value in Marquette?
About $232,500 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 $2,964 a year, which is about 1.27% 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 $1,594 a month. Keeping that under 28% of gross income takes about $68,322 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