How much do homeowners pay a month in Marquette, MI?
Homeowners with a mortgage in Marquette, MI pay a median of $1,657 (±$74) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $592 (±$45).
53.0% of owned homes carry a mortgage.
In Marquette, the median monthly cost with a mortgage went from $1,298 in 2015–2019 to $1,657 in 2020–2024 (+27.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- With a mortgage
- $1,657 (±$74)
- Without a mortgage
- $592 (±$45)
- Owned with a mortgage
- 53.0%
Monthly owner costs in Marquette
| Marquette | Marquette County | Michigan | United States | |
|---|---|---|---|---|
| With a mortgage | $1,657 (±$74) | $1,379 (±$38) | $1,569 (±$5) | $1,963 |
| Without a mortgage | $592 (±$45) | $509 (±$17) | $602 (±$3) | $638 |
| Owned homes with a mortgage | 53.0% (±4.9 points) | 55.2% (±1.7 points) | 57.8% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $3,477 (±$234) | $2,109 (±$104) | $2,904 (±$9) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Marquette, the median cost with a mortgage is higher than in Marquette County ($1,379).
It is also higher than in Michigan ($1,569).
It is lower than the national figure ($1,963).
In Marquette County, Marquette ranks 3 of 22 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 305 of 1,516.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Marquette have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,298 (±$60) | $1,657 (±$74) | +27.7% | No measurable change after inflation |
| Median real estate taxes | $2,659 (±$96) | $3,477 (±$234) | +30.8% | No measurable change after inflation |
| Median home value | $187,300 (±$4,848) | $274,700 (±$15,640) | +46.7% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Marquette
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Marquette | — | $1,657 (±$74) | — |
| Trowbridge Park | 2.2 mi | $1,400 (±$150) | Lower |
| Harvey | 5.0 mi | $1,604 (±$137) | Not measurably different |
| Marquette Charter Township | 6.7 mi | $1,638 (±$393) | Not measurably different |
| Negaunee Township | 7.1 mi | $1,430 (±$188) | Lower |
| Sands Township | 9.0 mi | $1,465 (±$87) | Lower |
| Chocolay Charter Township | 9.0 mi | $1,416 (±$116) | Lower |
| Negaunee | 10 mi | $1,308 (±$113) | Lower |
| Richmond Township (Marquette County) | 13 mi | $1,018 (±$85) | Lower |
Nearby places with a measurably lower figure: Trowbridge Park, MI ($1,400), Negaunee Township, MI ($1,430), Sands Township, MI ($1,465).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Marquette County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | Champion Township | $1,778 (±$1,325) |
| 2 | Michigamme Township | $1,719 (±$672) |
| 3 | Marquette | $1,657 (±$74) |
| 4 | Marquette Charter Township | $1,638 (±$393) |
| 5 | Ely Township | $1,610 (±$312) |
| 6 | Skandia Township | $1,470 (±$202) |
| 7 | Sands Township | $1,465 (±$87) |
| 8 | Negaunee Township | $1,430 (±$188) |
| 9 | Chocolay Charter Township | $1,416 (±$116) |
Showing 9 of 22 places in Marquette County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Marquette
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Marquette beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Marquette, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Marquette, and send estimates and invoices from your phone.
Questions about Marquette
What is the average mortgage payment in Marquette?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Marquette, MI is $1,657 (±$74) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Marquette?
Owners without a mortgage in Marquette pay a median of $592 (±$45) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Marquette gone up?
In Marquette, the median monthly cost with a mortgage went from $1,298 in 2015–2019 to $1,657 in 2020–2024 (+27.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Marquette city, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Marquette city, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Marquette city, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Marquette city, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Marquette city, Michigan
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Marquette city, Michigan (place:51900, in state:26).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Marquette at a glance
- Median rent in Marquette
- Rent by bedrooms in Marquette
- Rent burden in Marquette
- Renters and owners in Marquette
- Income and affordability in Marquette
- Home values in Marquette
- Property taxes in Marquette
- Types of homes in Marquette
- Bedrooms in Marquette
- Age of homes in Marquette
- Vacancy rate in Marquette
- Heating fuel in Marquette
- Commute and cars in Marquette
- Crime reported to police in Marquette
- Population growth in Marquette
- How long people stay in Marquette
- Crowding and facilities in Marquette
- Michigan landlord and tenant rules
- Housing across Marquette County
- Housing data for every place in Michigan