Marshall, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Marshall, IL 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

Marshall Housing Market Information

With a population of 3,880, 1,625 total housing units (homes and apartments), and a median house value of $102,926, house prices in Marshall are solidly below the national average.

Single-family detached homes are the single most common housing type in Marshall, accounting for 63.76% of the city's housing units. Other types of housing that are prevalent in Marshall include duplexes, homes converted to apartments or other small apartment buildings ( 17.80%), mobile homes or trailers ( 10.48%), and a few large apartment complexes or high rise apartments ( 6.15%).

The most prevalent building size and type in Marshall are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.01% owning and 47.99% 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. Marshall's housing was primarily built during this period, from the '40s through the '60s. A full 33.30% of the city's housing hails from this era. Other housing ages represented in Marshall include homes built between 1970-1999 ( 31.43%) and housing constructed between 2000 and later ( 19.13%). There's also some housing in Marshall built before 1939 ( 16.14%).

Vacant housing appears to be an issue in Marshall. Fully 13.15% of the housing stock is classified as vacant. Left unchecked, vacant Marshall homes and apartments can be a drag on the real estate market, holding Marshall 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.

Marshall Home Appreciation Rates

Real estate appreciation rates in Marshall's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.09% during the period.

Over the last year, Marshall appreciation rates have trailed the rest of the nation. In the last twelve months, Marshall's appreciation rate has been -0.21%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Marshall were at 0.00%, which equates to an annual appreciation rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$102,926

Marshall, IL HOME PRICES

Value Range
> $1,029,000 0.0
$771,001 - $1,029,000 0.7
$515,001 - $771,000 0.0
$412,001 - $515,000 1.2
$309,001 - $412,000 2.0
$206,001 - $309,000 11.5
$103,001 - $206,000 29.7
$51,001 - $103,000 35.4
$0 - $51,000 19.5

Low for IL
Low for Nation

Value Relative to Nation Value Relative to State
75.670924645494 68.3544303797468

Number Of Homes And Apartments:
1,625

Marshall Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
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
16.08% 0.87% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$819 / per month

Homeownership Rate

Homeownership
Owners 52.01
Renters 47.99
Vacant 13.15

Housing Market Details

 

Age of Homes

AGE OF Marshall HOMES
2000 or Newer 19.1
1970 - 1999 31.4
1940 - 1969 33.3
1939 or Older 16.1

Types of Homes

TYPE OF Marshall HOMES
Single-Family 63.8
Townhomes 1.8
Small Apt. Buildings 17.8
Apt. Complexes 6.1
Mobile Homes 10.5
Other 0.0

Home Size

SIZE OF Marshall HOMES
No Bedroom 1.60
1 Bedroom 10.48
2 Bedrooms 33.99
3 Bedrooms 43.24
4 Bedrooms 10.15
5 or more bedrooms 0.53

Popular Neighborhoods in Marshall

Zip Codes in Marshall, IL