Marysville appreciation rates and housing market information
Marysville housing market information
With a population of 9,874, 4,160 total housing units (homes and apartments), and a median house value of $136,262, Marysville real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Marysville, accounting for 67.37% of the city's housing units. Other types of housing that are prevalent in Marysville include large apartment complexes or high rise apartments (11.43%), mobile homes or trailers (8.08%), and a few row houses and other attached homes (7.61%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Marysville. Owner-occupied housing accounts for 82.80% of Marysville's homes, and 60.49% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Marysville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Marysville built between 1940-1969 (25.77%). A lesser amount of the housing stock also hails from between 2000 and later (9.95%). There's also some housing in Marysville built before 1939 (8.43%).
Vacant housing appears to be an issue in Marysville. Fully 10.08% of the housing stock is classified as vacant. Left unchecked, vacant Marysville homes and apartments can be a drag on the real estate market, holding Marysville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Marysville home appreciation rates
Real estate appreciation rates in Marysville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.75% during the period.
Appreciation rates are so strong in Marysville that despite a nationwide downturn in the housing market, Marysville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Marysville appreciation rates continue to be some of the highest in America, at 12.29%, which is higher than appreciation rates in 96.06% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Marysville. Marysville appreciation rates in the latest quarter were at 3.43%, which equates to an annual appreciation rate of 14.44%.
Importantly, this makes Marysville one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Michigan, our data show that Marysville's latest annual appreciation rate is higher than 80% of the other cities and towns in Michigan.