Marathon, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Marathon Neighborhoods Since 2000




Marathon, FL 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

Marathon Housing Market Information

With 8,750 people, 3,003 houses or apartments, and a median cost of homes of $514,363, Marathon house prices are not only among the most expensive in Florida, Marathon real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Marathon, accounting for 47.61% of the city's housing units. Other types of housing that are prevalent in Marathon include mobile homes or trailers ( 18.08%), large apartment complexes or high rise apartments ( 17.46%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.62%).

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

There is a lot of housing in Marathon 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 Marathon built between 1940-1969 ( 30.40%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.31%).

A decent proportion of the Marathon housing stock is seasonally occupied. That is, homes and condos in Marathon are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Marathon housing market speaks to its popularity as a vacation location of choice.

Marathon Home Appreciation Rates

Marathon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Marathon during the period has been just -1.00%, which is lower than 70% of US communities.

Appreciation rates are so strong in Marathon that despite a nationwide downturn in the housing market, Marathon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Marathon appreciation rates continue to be some of the highest in America, at 7.66%, which is higher than appreciation rates in 85.09% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Marathon. Marathon appreciation rates in the latest quarter were at 1.20%, which equates to an annual appreciation rate of 4.89%.

Relative to Florida, our data show that Marathon's latest annual appreciation rate is lower than 50% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$514,363

Marathon, FL HOME PRICES

Value Range
> $1,387,000 7.7
$1,041,001 - $1,387,000 8.2
$694,001 - $1,041,000 11.3
$555,001 - $694,000 11.2
$416,001 - $555,000 18.9
$277,001 - $416,000 17.3
$138,001 - $277,000 14.7
$69,001 - $138,000 3.5
$0 - $69,000 7.1

Very High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
5.6017813195828 8.76068376068376

Number Of Homes And Apartments:
3,003

Marathon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
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
131.23% 4.98% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,464 / per month

Homeownership Rate

Homeownership
Owners 57.20
Renters 42.80
Vacant 44.33

Housing Market Details

 

Age of Homes

AGE OF Marathon HOMES
2000 or Newer 13.3
1970 - 1999 55.7
1940 - 1969 30.4
1939 or Older 0.6

Types of Homes

TYPE OF Marathon HOMES
Single-Family 47.6
Townhomes 6.1
Small Apt. Buildings 9.6
Apt. Complexes 17.5
Mobile Homes 18.1
Other 1.1

Home Size

SIZE OF Marathon HOMES
No Bedroom 2.37
1 Bedroom 22.95
2 Bedrooms 37.10
3 Bedrooms 30.52
4 Bedrooms 6.82
5 or more bedrooms 0.24

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Zip Codes in Marathon, FL