Marshall, Michigan Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Marshall, Michigan rental market.
Average Apartment Rent in March 2022
Y-o-Y Change in Average
Compared to a year ago, Marshall, Michigan apartments have recorded a 13.4% rent increase.
Marshall, Michigan |Average apartment rent trend
Marshall, Michigan| Average apartment rent
Marshall, Michigan | Apartment rent ranges
At 64.59%, apartments priced $700 - $1000 represent the bulk of Marshall, Michigan rentals, while condos priced $500 - $700 hold the lowest share of the market – 4.24%.
Marshall, Michigan | Housing tenure**
Renters take up 36% of Marshall, Michigan real estate, occupying a total of 1,173 units, while homeowners live in 2,103 properties.
Median number of rooms of renter-occupied housing units**
Renter median household income**
Average household size of renter-occupied housing units**
Rental vacancy rate**
Marshall, Michigan | Renter-occupied housing units by no. of bedrooms**
There are 504 rentals in Marshall, Michigan with 2 beds making up the highest share of the market, at 43%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 9 units. Overall, the median number of rooms in Marshall, Michigan homes for rent is 4.4.
Marshall, Michigan |Renter-occupied units by age of householder**
Most condos for rent in Marshall, Michigan are occupied by residents in the 25 - 34 years age group (30%), followed by those in the 35 - 44 years age group (16%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 2%.
Marshall, Michigan | Renter-occupied housing units by family type**
Marshall, Michigan | Renter-occupied housing units by the presence of own children**
A total of 385 apartments for rent in Marshall, Michigan, or 33% of all rentals are family households. Additionally, 21% of rental homes include children under the age of 18 – that’s 243 units. All in all, the median size of a renter-occupied household in Marshall, Michigan is 1.76.
Marshall, Michigan | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 20% of the rental market. In contrast, residents with less than a high school degree reside in 12% of the homes for rent in Marshall, Michigan.
Marshall, Michigan | Renter-occupied units by year structure built**
The highest share of Marshall, Michigan apartment rentals, namely 34% or 393 units, were Built 1939 or earlier, followed by those Built 1980 - 1989 (16%, 190 units), and the ones Built 1960 - 1969 (15%, 180 units).
Marshall, Michigan | Renter-occupied units by year householder moved in**
Median year renter moved into unit2015
Most Marshall, Michigan renters (34%) moved in 2015 to 2016, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Marshall, Michigan condos for rent is 2015.
Marshall, Michigan | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 49% of Marshall, Michigan renters have 1 vehicle available per household, 27% of them have 2 vehicles available, and 19% have No vehicle available.
Marshall, Michigan | Means of transportation to work of householders living in renter-occupied housing units**
Marshall, Michigan |Geographical mobility in the past year for householders living in renter-occupied housing units**
Marshall, Michigan | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Marshall, Michigan apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2019 American Community Survey 5-Year Estimates