Marshall, IN population, income and ZIP codes

Marshall town is a very small community in Indiana, with 340 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #582 of 976 ranked by population — larger than 40% of them. The median age here is 48.2 years against 39.1 nationally, a markedly older profile that usually tracks retirees staying put and younger households leaving for work. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Marshall town earn a median of $34,167 a year, 56.5% below the national figure of $78,538 and 44% below the $61,527 median for the 355 Indiana cities we cover. The median is the midpoint household, not an average, so a handful of very high earners cannot drag it upward the way they distort a mean. Poverty reaches 6.2% of residents here, less than half the 12.4% national rate.

The typical owner-occupied home in Marshall town is valued at $84,600, 72.1% below the national figure and 42% below the $145,600 peer median, while median gross rent runs $1,110 a month, 21.1% below the national figure, or roughly $13,320 across a full year. A household on the local median income would put about 39% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is a stretch on median earnings. The home-price-to-income ratio works out to 2.5×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 56.9% of occupied homes are owner-occupied versus 65% nationally, so the market leans more heavily on renters. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.

Marshall town is the unusual combination of expensive to rent and cheap to buy: rent takes 39% of median income while homes cost only 2.5× it. Where that pattern shows up, the gap is normally down to down-payment and credit barriers rather than price. With 340 residents, a handful of survey responses moves every median on this page. Compare Marshall town against its county rather than against national figures.

No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.