Home Insurance in Marshall, Michigan
Homes in Marshall carry a median value of $173,500 - 7% higher than the Calhoun County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Marshall was built around 1957. About 53% of homes were built before 1960, about 4 points above Calhoun County's 49%.
The housing stock in Marshall is 73% single-family homes and 21% apartments in buildings with 5+ units.
About 65% of owner-occupied homes in Marshall have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Marshall has an owner-occupancy rate of 66% and a vacancy rate of 7%; unoccupied homes typically need a different coverage form.
In Marshall, 87% of homes are primarily heated with natural gas.
What's the biggest home insurance risk near Marshall? FEMA's National Risk Index points to strong wind (Relatively High) in Calhoun County and Calhoun County had 145 active NFIP flood policies as of September 2026. See the full Calhoun County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Michigan, the statewide average premium for a standard HO-3 homeowners policy is $1,110 per year (NAIC, 2023 data).
Key figures
| Median home value | $173,500 |
|---|---|
| Median year built | 1957 |
| Owner-occupied share | 66% |
| Share of owner-occupied homes with a mortgage | 65% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Calhoun County | 145 |
| Home insurance premium | $1,110 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)