Marina, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Marina Neighborhoods Since 2000




Marina, CA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Marina Housing Market Information

With 21,229 people, 7,222 houses or apartments, and a median cost of homes of $516,510, real estate costs in Marina are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Marina, accounting for 47.53% of the city's housing units. Other types of housing that are prevalent in Marina include large apartment complexes or high rise apartments ( 26.40%), duplexes, homes converted to apartments or other small apartment buildings ( 14.75%), and a few row houses and other attached homes ( 6.38%).

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

There is a lot of housing in Marina 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 Marina built between 1940-1969 ( 34.54%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.89%). There's also some housing in Marina built before 1939 ( 2.08%).

Marina Home Appreciation Rates

Marina's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Marina during the period has been just -2.00%, which is lower than 80% of US communities.

Appreciation rates are so strong in Marina that despite a nationwide downturn in the housing market, Marina real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Marina appreciation rates continue to be some of the highest in America, at 8.26%, which is higher than appreciation rates in 87.97% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Marina. Marina appreciation rates in the latest quarter were at 2.53%, which equates to an annual appreciation rate of 10.52%.

Importantly, this makes Marina 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 California, our data show that Marina's latest annual appreciation rate is higher than 50% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Marina differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Marina - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Marina real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$516,510

Marina, CA HOME PRICES

Value Range
> $1,356,000 0.0
$1,017,001 - $1,356,000 0.5
$678,001 - $1,017,000 10.9
$543,001 - $678,000 24.9
$407,001 - $543,000 30.8
$271,001 - $407,000 14.7
$136,001 - $271,000 8.4
$68,001 - $136,000 2.4
$0 - $68,000 7.3

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
5.51388726122114 38.2275132275132

Number Of Homes And Apartments:
7,222

Marina Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
54.98% 2.57% 2 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,579 / per month

Homeownership Rate

Homeownership
Owners 38.45
Renters 61.55
Vacant 6.29

Housing Market Details

 

Age of Homes

AGE OF Marina HOMES
2000 or Newer 4.9
1970 - 1999 58.5
1940 - 1969 34.5
1939 or Older 2.1

Types of Homes

TYPE OF Marina HOMES
Single-Family 47.5
Townhomes 6.4
Small Apt. Buildings 14.8
Apt. Complexes 26.4
Mobile Homes 4.9
Other 0.0

Home Size

SIZE OF Marina HOMES
No Bedroom 3.84
1 Bedroom 13.99
2 Bedrooms 32.15
3 Bedrooms 35.36
4 Bedrooms 13.81
5 or more bedrooms 0.86