Marina, CA Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Marina, CA Housing Market Trends

With a population of 22,781, 7,771 total housing units (homes and apartments), and a median house value of $674,373, 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 43.42% of the city's housing units. Other types of housing that are prevalent in Marina include large apartment complexes or high rise apartments ( 29.15%), duplexes, homes converted to apartments or other small apartment buildings ( 16.44%), and a few row houses and other attached homes ( 6.11%).

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 ( 30.21%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.89%). There's also some housing in Marina built before 1939 ( 1.92%).

Marina Home Appreciation Rates

In the last 10 years, Marina has experienced some of the highest home appreciation rates of any community in the nation. Marina real estate appreciated 112.35% over the last ten years, which is an average annual home appreciation rate of 7.82%, putting Marina in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Marina definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 10.80%, which is higher than appreciation rates in 74.40% 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 3.78%, which equates to an annual appreciation rate of 16.00%.

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:
$674,373

Marina, CA HOME PRICES

> $1,285,000
2.5%
2.5%
$965,001 - $1,285,000
6.2%
6.2%
$643,001 - $965,000
46.6%
46.6%
$514,001 - $643,000
22.4%
22.4%
$386,001 - $514,000
7.9%
7.9%
$257,001 - $386,000
3.9%
3.9%
$129,001 - $257,000
3.5%
3.5%
$64,001 - $129,000
3.7%
3.7%
$0 - $64,000
3.3%
3.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for CA

Value Relative To Nation

Number Of Homes And Apartments:
7,771

Marina Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
114.61% 3.62%
3
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,227 / per month

Homeownership Rate

Owners
40.8%
40.8%
Renters
59.2%
59.2%
Vacant
4.2%
4.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
6.9%
6.9%
1970 - 1999
61.0%
61.0%
1940 - 1969
30.2%
30.2%
1939 or Older
1.9%
1.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
43.4%
43.4%
Townhomes
6.1%
6.1%
Small Apt. Buildings
16.4%
16.4%
Apt. Complexes
29.2%
29.2%
Mobile Homes
4.9%
4.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
9.1%
9.1%
1 Bedroom
10.2%
10.2%
2 Bedrooms
32.8%
32.8%
3 Bedrooms
35.0%
35.0%
4 Bedrooms
11.2%
11.2%
5 or more bedrooms
1.8%
1.8%
0.0% 100.0%
% OF HOMES