Mortgage payment estimates, closing cost breakdowns, and homebuying data for Marquette, Michigan.
Pre-filled with Marquette median home price and Michigan tax/insurance rates. Adjust for your property.
Estimated closing costs based on Michigan rates and fees applied to Marquette prices.
The median home price in Marquette is $245,000, roughly in line with the Michigan state median of $240,000. With a population of 20,946, Marquette is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Michigan average 1.54% annually. This higher-than-average tax rate means a $245,000 home in Marquette would carry roughly $314/month in property taxes alone — plan accordingly. Homeowners insurance in Michigan runs approximately $1,800 per year. This is within the normal range nationally.
Average rent in Marquette is $1,080/month. The price-to-rent ratio in Marquette is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Marquette offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Michigan's MSHDA DPA program.