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Marquette County, MI

RANK #87 / 1001 NAT  ·  #4 / 36 MI  ·  POP 67,112

1YR FORECAST: +3.3%

5YR OUTLOOK: +24%

Our model projects Marquette County's housing market to grow +3.3% 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.

MARKET PROFILE

Heartland Steady Growth

Marquette County is one of 145 U.S. counties in this market profile — stronger than typical on the BoomTown Index. Within this cohort, its recent home-price change of +9.2% runs above the profile's typical +4.9%.

See all 145 Heartland Steady Growth counties →

[02] Market Snapshot

Housing Ratio
9.4x

Overvalued relative to economy

Home Prices
+9.2%

Outpacing national median

Climate & Terrain
-1.1

Below-average climate & terrain

Price/Rent
16x

Above national median (15x)

Housing looks overvalued at 9.4x — home prices are high 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

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
67,112
+1.03% YoY
Median Household Income
$65,429
Median Home Value
$216,500
+9.17% 12mo
Median Rent
$949
Average Annual Pay
$57,267
+4.8% YoY
Employment
26,924
+2.0% YoY
Income-to-Home-Value
0.3022
More affordable than average
Migration Inflow
4.4%
of pop. from another state
Bachelor's Degree+
36.8%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$330,000
Days on Market
46
Moderate pace
Months of Supply
4.1
Balanced market
Sale-to-List Ratio
103.7%
Homes selling above asking
Sold Above List
48.8%
Listings w/ Price Drops
17.9%
Building Permits (2025)
106
Single-Family Permits
96

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

[05] Crime & Safety

C+
SAFETY
GRADE
Firearm Fatalities
12.4
per 100K · nat avg 13.4
Injury Deaths
78.7
per 100K · nat avg 83.6
vs National Average
—
based on homicide rate

Source: Homicide rates from CDC/NCHS vital-statistics mortality data — a multi-year average that stabilizes counts in smaller counties — compiled in the County Health Rankings 2025 release. Rates per 100,000 population; U.S. average ≈ 6.5. Grade reflects homicide rate relative to the national average. Learn more →

See where Marquette County stands nationally: safest large counties in America · highest homicide-rate counties.

[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

Population Growth +1.0% 67 percentile
Income Growth +1.2% 18 percentile
Vacancy Rate 0.7% 80 percentile
Home Price Change +9.2% 99 percentile
Rent Growth +3.0% 48 percentile
Price/Rent 16x 46 percentile

Bars show percentile rank among all 1001 counties.

[08] Frequently Asked Questions

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

Marquette County ranks #87 out of 1001 U.S. counties on the Boom Town Index with a score of 91/100, putting it in the top tier nationally. Job growth of +2.0% and a median household income of $65,429 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 $216,500 and the income-to-home-value ratio sits at 0.30, with rents averaging $949/month. Not a bargain, but not a stretch for most local earners either.

Is Marquette County growing or shrinking?

Marquette County is growing on multiple fronts. Population is up +1.0% year-over-year while employers added jobs at a +2.0% clip — and home values reflect that momentum, rising +9.2% over the past 12 months.

Are people moving to Marquette County?

There's a moderate stream of newcomers. About 4.4% 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 +9.2% year-over-year, which is a solid pace of appreciation. The median home in Marquette County is now valued at $216,500. That kind of growth typically reflects sustained demand rather than speculative frenzy.

[09] Similar Counties by Size & Score

Allegan County, MI 90 Ionia County, MI 93 Saginaw County, MI 93 Calhoun County, MI 97 Jackson County, MI 85 Lenawee County, MI 83 Reno County, KS 91 Erie County, OH 91