How many renters live in Marshall, Michigan?
The City of Marshall has 6,806 people living in 3,119 households.
There are 1,603 renters living in 957 renter households in this City. Renters make up 23.55 percent of the population living in Marshall.
What is the rental market like in Marshall, Michigan?
There are an estimated 3,383 housing units in the Marshall area. Of these, 1,043 units are rental homes, making up 31 percent of the housing market. For every renter household in Marshall, Michigan, there are 1 rental units.
What is the vacancy rate for rentals in Marshall?
The rental vacancy rate in Marshall is 8 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Marshall for each bedroom size?
Occupied Rental Units by Size in Marshall
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 20 | 214 | 400 | 301 | 22 |
Occupied Rental Units by Size in Marshall
A large number of apartments in Marshall have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Marshall are overburdened by housing costs?
Among renter households in this market, 25 percent have housing cost burden. Further, 12 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Marshall
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $745 to $1,488. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $745 |
| One BR | $854 |
| Two BR | $1,038 |
| Three BR | $1,291 |
| Four BR | $1,488 |
2024 Fair Market Rents in Marshall, Michigan
How many units are rented at Fair Market Rent (FMR) in Marshall?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 20 | 100 percent |
| One BR | 169 | 79 percent |
| Two BR | 197 | 49 percent |
Rental Units Below FMR in Marshall, Michigan
How many affordable rental units are in Marshall?
There are a variety of federal affordable housing programs serving households in Marshall, Michigan including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 22 |
| Section 8 Project-Based Rental Assistance | 100 |
Tracked Units by Federal Program in Marshall, Michigan
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Marshall, Michigan
Marshall features 100 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Marshall, Michigan
There are 22 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Marshall.
Housing Choice Vouchers in Marshall, Michigan
On average, Section 8 Housing Choice vouchers pay Marshall landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Marshall.
The maximum amount a voucher would pay on behalf of a low-income tenant in Marshall, Michigan for a two-bedroom apartment is between $934 and $1,142.
Sourced from federal housing data and AffordableHousingOnline.com research.
