Marshall appreciation rates and housing market information

Marshall housing market information

With 3,752 people, 1,809 houses or apartments, and a median cost of homes of $103,409, house prices in Marshall are solidly below the national average.

single-family detached homes are the single most common housing type in Marshall, accounting for 69.76% of the city's housing units. Other types of housing that are prevalent in Marshall include duplexes, homes converted to apartments, or other small apartment buildings (13.54%), mobile homes or trailers (12.82%), and a few large apartment complexes or high rise apartments (3.54%).

People in Marshall primarily live in small (one, two, or no bedroom) single-family detached homes. Marshall has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Marshall's housing was primarily built during this period, from the '40s through the '60s. A full 37.81% of the city's housing hails from this era. Other housing ages represented in Marshall include homes built between 1970-1994 (28.41%), and housing constructed from 1939 and earlier (27.31%). There's also some housing in Marshall built between 1995 and later (6.47%).

Marshall home appreciation rates

Appreciation rates for homes in Marshall have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.80%, which ranks in the top 30% nationwide. This equates to an annual average Marshall house appreciation rate of 9.08%.

Appreciation rates are so strong in Marshall that despite a nationwide downturn in the housing market, Marshall real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Marshall appreciation rates continue to be some of the highest in America, at 4.98%, which is higher than appreciation rates in 90% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Marshall. Marshall appreciation rates in the latest quarter were at 1.08%, which equates to an annual appreciation rate of 4.32%.

Relative to Illinois, our data show that Marshall's latest annual appreciation rate is higher than 92% of the other cities and towns in Illinois.