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 27,620, 9,988 total housing units (homes and apartments), and a median house value of $88,924, house prices in Marshalltown are some of the most affordable in Iowa as well as the nation.
Single-family detached homes are the single most common housing type in Marshalltown, accounting for 70.87% of the city's housing units. Other types of housing that are prevalent in Marshalltown include large apartment complexes or high rise apartments ( 13.95%), duplexes, homes converted to apartments or other small apartment buildings ( 11.14%), and a few mobile homes or trailers ( 2.49%).
The most prevalent building size and type in Marshalltown are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.62% owning and 36.38% 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. Marshalltown's housing was primarily built during this period, from the '40s through the '60s. A full 32.50% of the city's housing hails from this era. Other housing ages represented in Marshalltown include homes built before 1939 ( 31.33%) and housing constructed between 1970-1999 ( 27.60%). There's also some housing in Marshalltown built between 2000 and later ( 8.57%).
Real estate appreciation rates in Marshalltown's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.36% during the period.
Over the last year, Marshalltown appreciation rates have trailed the rest of the nation. In the last twelve months, Marshalltown's appreciation rate has been 3.61%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Marshalltown were at 0.49%, which equates to an annual appreciation rate of 1.97%.
Notably, Marshalltown's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Iowa, our data show that Marshalltown's latest annual appreciation rate is lower than 70% of the other cities and towns in Iowa.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Marshalltown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Marshalltown - 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 Marshalltown real estate investment or home purchase decisions.
|$789,001 - $1,053,000||0.0|
|$526,001 - $789,000||0.1|
|$421,001 - $526,000||0.4|
|$316,001 - $421,000||2.6|
|$211,001 - $316,000||7.5|
|$105,001 - $211,000||33.3|
|$53,001 - $105,000||41.6|
|$0 - $53,000||14.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Marshalltown HOMES|
|2000 or Newer||8.6|
|1970 - 1999||27.6|
|1940 - 1969||32.5|
|1939 or Older||31.3|
|TYPE OF Marshalltown HOMES|
|Small Apt. Buildings||11.1|
|SIZE OF Marshalltown HOMES|
|5 or more bedrooms||2.64|