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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 17,690, 8,254 total housing units (homes and apartments), and a median house value of $634,097, Marco Island house prices are not only among the most expensive in Florida, Marco Island real estate also is some of the most expensive in all of America.
Large apartment complexes or high rise apartments are the single most common housing type in Marco Island, accounting for 55.57% of the city's housing units. Other types of housing that are prevalent in Marco Island include single-family detached homes ( 39.40%), duplexes, homes converted to apartments or other small apartment buildings ( 3.82%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
Dwellings in Marco Island tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 51.49% of the homes in Marco Island have two or fewer bedrooms.
There is a lot of housing in Marco Island 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 Marco Island built between 2000 and later ( 12.81%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.87%).
A decent proportion of the Marco Island housing stock is seasonally occupied. That is, homes and condos in Marco Island 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 Marco Island housing market speaks to its popularity as a vacation location of choice.
Marco Island's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Marco Island during the period has been just -0.97%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Marco Island's appreciation rate, at 3.73%, has been at or slightly above the national average. In the latest quarter, Marco Island's appreciation rate has been 2.40%, which annualizes to a rate of 9.97%.
Importantly, this makes Marco Island 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 Florida, our data show that Marco Island's latest annual appreciation rate is lower than 80% of the other cities and towns in Florida.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Marco Island differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Marco Island - 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 Marco Island real estate investment or home purchase decisions.
|$1,009,001 - $1,345,000||9.7|
|$673,001 - $1,009,000||25.2|
|$538,001 - $673,000||12.9|
|$403,001 - $538,000||15.0|
|$269,001 - $403,000||12.7|
|$135,001 - $269,000||8.4|
|$67,001 - $135,000||2.1|
|$0 - $67,000||2.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Marco Island HOMES|
|2000 or Newer||12.8|
|1970 - 1999||83.2|
|1940 - 1969||3.9|
|1939 or Older||0.1|
|TYPE OF Marco Island HOMES|
|Small Apt. Buildings||3.8|
|SIZE OF Marco Island HOMES|
|5 or more bedrooms||1.74|