Marianna, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Marianna, 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

Marianna Housing Market Information

With a population of 9,100, 3,490 total housing units (homes and apartments), and a median house value of $120,013, house prices in Marianna are solidly below the national average.

Single-family detached homes are the single most common housing type in Marianna, accounting for 71.91% of the city's housing units. Other types of housing that are prevalent in Marianna include large apartment complexes or high rise apartments ( 12.67%), duplexes, homes converted to apartments or other small apartment buildings ( 8.96%), and a few mobile homes or trailers ( 5.95%).

The most prevalent building size and type in Marianna are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 49.67% owning and 50.33% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Marianna's housing was primarily built during this period, from the '40s through the '60s. A full 48.28% of the city's housing hails from this era. Other housing ages represented in Marianna include homes built between 1970-1999 ( 31.73%) and housing constructed between 2000 and later ( 11.18%). There's also some housing in Marianna built before 1939 ( 8.81%).

Vacant housing appears to be an issue in Marianna. Fully 14.61% of the housing stock is classified as vacant. Left unchecked, vacant Marianna homes and apartments can be a drag on the real estate market, holding Marianna 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.

Marianna Home Appreciation Rates

Marianna's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Marianna during the period has been just -1.74%, which is lower than 80% of US communities.

Over the last year, Marianna appreciation rates have trailed the rest of the nation. In the last twelve months, Marianna's appreciation rate has been -0.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Marianna were at 1.20%, which equates to an annual appreciation rate of 4.89%.

Relative to Florida, our data show that Marianna's latest annual appreciation rate is lower than 90% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$120,013

Marianna, FL HOME PRICES

Value Range
> $1,241,000 0.4
$930,001 - $1,241,000 0.0
$620,001 - $930,000 0.0
$496,001 - $620,000 0.0
$372,001 - $496,000 2.6
$248,001 - $372,000 10.4
$124,001 - $248,000 34.6
$62,001 - $124,000 29.3
$0 - $62,000 22.6

Low for FL
Low for Nation

Value Relative to Nation Value Relative to State
65.3756006093988 78.8461538461538

Number Of Homes And Apartments:
3,490

Marianna 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
73.02% 3.23% 5 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$661 / per month

Homeownership Rate

Homeownership
Owners 49.67
Renters 50.33
Vacant 14.61

Housing Market Details

 

Age of Homes

AGE OF Marianna HOMES
2000 or Newer 11.2
1970 - 1999 31.7
1940 - 1969 48.3
1939 or Older 8.8

Types of Homes

TYPE OF Marianna HOMES
Single-Family 71.9
Townhomes 0.5
Small Apt. Buildings 9.0
Apt. Complexes 12.7
Mobile Homes 5.9
Other 0.0

Home Size

SIZE OF Marianna HOMES
No Bedroom 2.35
1 Bedroom 6.80
2 Bedrooms 33.15
3 Bedrooms 49.69
4 Bedrooms 5.51
5 or more bedrooms 2.50

Zip Codes in Marianna, FL