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Marquette County, MI

RANK #188 / 996 NAT  ·  #21 / 36 MI  ·  POP 66,376

1YR FORECAST: +4.0%

5YR OUTLOOK: +32%

Our model projects Marquette County's housing market to grow +4.0% over the next year, significantly outpacing the national average.

[01] Why Marquette County?

Marquette County, Michigan, stands out for its direct access to Lake Superior and its extensive outdoor recreation opportunities. The city of Marquette, the largest in the Upper Peninsula, serves as the county seat and a central hub. It is situated on the southern shore of Lake Superior, offering a blend of natural scenery and urban amenities. Commuting within the county is facilitated by the Marq-Tran public transportation system, which operates fixed routes throughout Marquette, Negaunee, Ishpeming, and Gwinn. The community embraces an active lifestyle, with residents enjoying hiking, biking, fishing, and skiing across hundreds of miles of trails and numerous waterways.

Life in Marquette County offers a balance of natural beauty and community resources. The public schools in Marquette County are generally well-regarded. The economy is diverse, supported by institutions like Northern Michigan University and UP Health System. Recent economic developments include investments in commercial and residential properties, as well as projects in the energy and healthcare sectors. These developments contribute to a dynamic environment for residents, including families, young professionals, and those seeking a connection to the outdoors.

[02] Market Snapshot

Housing Ratio
4.5x

Below national median (4.7x)

GDP Growth
-3.4%

Contracting economy

Home Prices
+7.5%

Outpacing national median

Climate & Terrain
-1.1

Below-average climate & terrain

Price/Rent
10x

Strong rental yield

Housing is fairly valued at 4.5x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    UP Health System - Marquette Healthcare
    2,500+
  2. 2
    Northern Michigan University Education
    1,000+
  3. 3
    Cleveland-Cliffs Inc. Manufacturing
  4. 4
    Marquette Area Public Schools Education
    250+
  5. 5
    Walmart Retail
  6. 6
    County of Marquette Government
  7. 7
    Marquette Branch Prison Government
  8. 8
    RTI Surgical, Inc. Manufacturing
    100+
  9. 9
    Superior Extrusion, Inc. Manufacturing
  10. 10
    Target Corporation Retail

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Marquette County U.S. National

The Numbers

DEMOGRAPHICS
Population
66,376
-0.01% YoY
Median Household Income
$63,115
Median Home Value
$184,300
+7.45% 12mo
Median Rent
$904
Average Annual Pay
$54,658
+4.4% YoY
Employment
26,385
+0.6% YoY
Income-to-Home-Value
0.3425
More affordable than average
Migration Inflow
4.14%
of pop. from another state
Bachelor's Degree+
34.7%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$200,000
Days on Market
67
Slower market
Months of Supply
4.0
Balanced market
Sale-to-List Ratio
96.7%
Negotiation room for buyers
Sold Above List
33.3%
Listings w/ Price Drops
13.1%
Building Permits (2024)
91
Single-Family Permits
89

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

C+
SAFETY
GRADE
Firearm Fatalities
12.4
per 100K · nat avg 14.8
Injury Deaths
78.7
per 100K · nat avg 76.3
vs National Average
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Capital Investment

$907M
TOTAL
PROJECT AMOUNT STATUS
F.D. Kuester Generating Station
Upper Michigan Energy Resources Company
$275M Operating
Presque Isle - North Lake 138.0kV Wind Project
Undisclosed
$170M Planned
NMU Foundation Mixed-Use Development
NMU Foundation and Duke Life Point
$166M Planned
Superior Solar Energy Center
Invenergy (originally Savion)
$150M Proposed
Michigan Veterans Home
State of Michigan
$96M Planned
The Vault Marquette (Boutique Hotel, Commercial & Residential)
The Vault Marquette
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[07] Score Breakdown

GDP Growth -3.4% 2 percentile
Population Growth -0.0% 30 percentile
Income Growth +8.8% 60 percentile
Vacancy Rate 0.8% 79 percentile
Home Price Change +7.5% 98 percentile
Rent Growth +5.3% 82 percentile
Price/Rent 10x 87 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Marquette County, MI a good place to move to?

Marquette County ranks #188 out of 996 U.S. counties on the Boom Town Index with a score of 81/100, putting it in the top tier nationally. Job growth of +0.6% and a median household income of $63,115 point to a county with active economic momentum.

Is Marquette County affordable?

Housing in Marquette County is roughly in line with national affordability norms. The median home costs $184,300 and the income-to-home-value ratio sits at 0.34, with rents averaging $904/month. Not a bargain, but not a stretch for most local earners either.

Is Marquette County growing or shrinking?

Population and employment in Marquette County are both close to flat — population -0.0% YoY and jobs +0.6%. Home values shifted +7.5% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Marquette County?

There's a moderate stream of newcomers. About 4.14% of residents moved from another state, which is above average and suggests Marquette County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

How is the housing market in Marquette County?

Home values climbed +7.5% year-over-year, which is a solid pace of appreciation. The median home in Marquette County is now valued at $184,300. That kind of growth typically reflects sustained demand rather than speculative frenzy.

[09] Similar Counties by Size & Score

Clinton County, MI 80 Kent County, MI 83 Newaygo County, MI 83 Monroe County, MI 79 St. Joseph County, MI 84 Barry County, MI 78 Williamson County, IL 81 Greene County, TN 81