Marseilles, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Marseilles, IL Real Estate Data


Marseilles Housing Market Information

With a population of 4,963, 1,832 total housing units (homes and apartments), and a median house value of $144,256, Marseilles real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Marseilles, accounting for 75.87% of the city's housing units. Other types of housing that are prevalent in Marseilles include large apartment complexes or high rise apartments ( 9.62%), duplexes, homes converted to apartments or other small apartment buildings ( 6.88%), and a few mobile homes or trailers ( 5.77%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Marseilles. Owner-occupied housing accounts for 71.26% of Marseilles's homes, and 52.60% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Marseilles 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 Marseilles built before 1939 ( 28.80%). A lesser amount of the housing stock also hails from between 1940-1969 ( 26.83%). There's also some housing in Marseilles built between 2000 and later ( 15.34%).

Vacant housing appears to be an issue in Marseilles. Fully 11.92% of the housing stock is classified as vacant. Left unchecked, vacant Marseilles homes and apartments can be a drag on the real estate market, holding Marseilles 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.

Marseilles Home Appreciation Rates

Marseilles's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Marseilles during the period has been just -1.75%, which is lower than 80% of US communities.

Over the last year, Marseilles appreciation rates have trailed the rest of the nation. In the last twelve months, Marseilles's appreciation rate has been 3.34%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Marseilles were at -0.08%, which equates to an annual appreciation rate of -0.30%.

Notably, Marseilles's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Illinois, our data show that Marseilles's latest annual appreciation rate is lower than 80% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$144,256

Marseilles, IL HOME PRICES

Value Range
> $1,028,000 0.2
$771,001 - $1,028,000 0.4
$514,001 - $771,000 0.3
$411,001 - $514,000 0.7
$308,001 - $411,000 6.2
$206,001 - $308,000 18.6
$103,001 - $206,000 38.4
$51,001 - $103,000 23.9
$0 - $51,000 11.4

Average for IL
Average for Nation

Value Relative to Nation Value Relative to State
53.5222814311647 46.3291139240506

Number Of Homes And Apartments:
1,832

Rent & Ownership

 

Average Market Rent:
$815 / per month

Homeownership Rate

Homeownership
Owners 71.26
Renters 28.74
Vacant 11.92

Housing Market Details

 

Age of Homes

AGE OF Marseilles HOMES
2000 or Newer 15.3
1970 - 1999 29.0
1940 - 1969 26.8
1939 or Older 28.8

Types of Homes

TYPE OF Marseilles HOMES
Single-Family 75.9
Townhomes 1.9
Small Apt. Buildings 6.9
Apt. Complexes 9.6
Mobile Homes 5.8
Other 0.0

Home Size

SIZE OF Marseilles HOMES
No Bedroom 1.01
1 Bedroom 7.26
2 Bedrooms 35.14
3 Bedrooms 41.20
4 Bedrooms 11.39
5 or more bedrooms 3.99

Marseilles Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
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
13.33% 0.74% 3 1
* 10 is highest

Popular Neighborhoods in Marseilles

Zip Codes in Marseilles, IL