Housing in Marshall County

The inside story on rent prices
Source: US Census Bureau - ACS 5 Yr 2024

Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.

Rent in Marshall County averages $938/month for a 2‑bedroom in 2024, compared to the Indiana median of $1,062 and the national median of $1,413. Local renters spend approximately 25% of household income on rent, below the national average of 32%.

HUD 2026 50th Percentile Rent Estimates for Marshall County FMR Area are $771 for a studio, $880 for 1‑bedroom, $1,076 for 2‑bedroom, $1,308 for 3‑bedroom, and $1,425 for 4‑bedroom.

HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $138 increase for a 2-bedroom in Marshall County shows a 15% rise over that period.

The U.S. Bureau of Labor Statistics annual unemployment rate for Marshall County was 4.3% in 2024, compared to Indiana at 4.2% and the national rate of 4.0%.

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Towns near Bourbon

City
County
State
Miles
St. Joseph
IN
0.0
St. Joseph
IN
4.5
St. Joseph
IN
7.6
St. Joseph
IN
8.6
St. Joseph
IN
10.2
St. Joseph
IN
11.6
St. Joseph
IN
12.1
St. Joseph
IN
12.2
Elkhart
IN
14.6
Marshall
IN
15.0
Elkhart
IN
15.1
Marshall
IN
15.9
St. Joseph
IN
18.7
Elkhart
IN
20.4
Elkhart
IN
21.3
Marshall
IN
22.2
Elkhart
IN
22.3
Marshall
IN
23.6
Marshall
IN
24.0
Elkhart
IN
25.0
Marshall
IN
26.0
Elkhart
IN
28.0
Elkhart
IN
29.8
Marshall
IN
30.5
Marshall
IN
32.4
Marshall
IN
32.5

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