Marshalltown, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Marshalltown, IA Real Estate Data


Marshalltown Housing Market Information

With a population of 27,620, 10,054 total housing units (homes and apartments), and a median house value of $107,296, house prices in Marshalltown are solidly below the national average.

Single-family detached homes are the single most common housing type in Marshalltown, accounting for 72.35% of the city's housing units. Other types of housing that are prevalent in Marshalltown include large apartment complexes or high rise apartments ( 12.78%), duplexes, homes converted to apartments or other small apartment buildings ( 10.93%), and a few mobile homes or trailers ( 2.30%).

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 64.26% owning and 35.74% 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 33.20% of the city's housing hails from this era. Other housing ages represented in Marshalltown include homes built before 1939 ( 32.25%) and housing constructed between 1970-1999 ( 26.94%). There's also some housing in Marshalltown built between 2000 and later ( 7.61%).

Marshalltown Home Appreciation Rates

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 -0.28% 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 4.05%, 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 -0.32%, which equates to an annual appreciation rate of -1.26%.

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 50% 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.

Average Home Values

 

Median Home Value:
$107,296

Marshalltown, IA HOME PRICES

Value Range
> $1,072,000 0.2
$803,001 - $1,072,000 0.0
$536,001 - $803,000 0.1
$429,001 - $536,000 0.5
$322,001 - $429,000 2.0
$214,001 - $322,000 8.2
$107,001 - $214,000 33.6
$54,001 - $107,000 38.4
$0 - $54,000 17.1

Low for IA
Low for Nation

Value Relative to Nation Value Relative to State
74.1875036598934 69.8765432098765

Number Of Homes And Apartments:
10,054

Rent & Ownership

 

Average Market Rent:
$815 / per month

Homeownership Rate

Homeownership
Owners 64.26
Renters 35.74
Vacant 8.74

Housing Market Details

 

Age of Homes

AGE OF Marshalltown HOMES
2000 or Newer 7.6
1970 - 1999 26.9
1940 - 1969 33.2
1939 or Older 32.3

Types of Homes

TYPE OF Marshalltown HOMES
Single-Family 72.4
Townhomes 1.5
Small Apt. Buildings 10.9
Apt. Complexes 12.8
Mobile Homes 2.3
Other 0.1

Home Size

SIZE OF Marshalltown HOMES
No Bedroom 2.11
1 Bedroom 12.12
2 Bedrooms 28.58
3 Bedrooms 39.28
4 Bedrooms 15.08
5 or more bedrooms 2.84

Marshalltown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
19.76% 1.07% 1 2
* 10 is highest