Marshall, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Marshall, IL Real Estate Data


Marshall Housing Market Information

With a population of 3,880, 1,700 total housing units (homes and apartments), and a median house value of $112,107, 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 64.40% 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 ( 16.84%), mobile homes or trailers ( 12.66%), and a few large apartment complexes or high rise apartments ( 4.59%).

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 57.34% owning and 42.66% renting.

There is a lot of housing in Marshall 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 Marshall built between 1940-1969 ( 32.38%). A lesser amount of the housing stock also hails from before 1939 ( 17.65%). There's also some housing in Marshall built between 2000 and later ( 16.64%).

Vacant housing appears to be an issue in Marshall. Fully 14.27% 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

Appreciation rates for homes in Marshall have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.51%, which ranks in the top 50% nationwide. This equates to an annual average Marshall house appreciation rate of 0.44%.

NeighborhoodScout's data show that during the latest twelve months, Marshall's appreciation rate, at 4.83%, has been at or slightly above the national average. In the latest quarter, Marshall's appreciation rate has been -0.08%, which annualizes to a rate of -0.30%.

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

Relative to Illinois, our data show that Marshall's latest annual appreciation rate is higher than 50% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$112,107

Marshall, IL HOME PRICES

Value Range
> $1,096,000 0.0
$822,001 - $1,096,000 0.6
$548,001 - $822,000 0.0
$438,001 - $548,000 0.8
$329,001 - $438,000 1.9
$219,001 - $329,000 11.8
$110,001 - $219,000 29.0
$55,001 - $110,000 39.8
$0 - $55,000 16.1

Low for IL
Low for Nation

Value Relative to Nation Value Relative to State
71.0253557416408 63.9240506329114

Number Of Homes And Apartments:
1,700

Rent & Ownership

 

Average Market Rent:
$814 / per month

Homeownership Rate

Homeownership
Owners 57.34
Renters 42.66
Vacant 14.27

Housing Market Details

 

Age of Homes

AGE OF Marshall HOMES
2000 or Newer 16.6
1970 - 1999 33.3
1940 - 1969 32.4
1939 or Older 17.7

Types of Homes

TYPE OF Marshall HOMES
Single-Family 64.4
Townhomes 1.5
Small Apt. Buildings 16.8
Apt. Complexes 4.6
Mobile Homes 12.7
Other 0.0

Home Size

SIZE OF Marshall HOMES
No Bedroom 1.31
1 Bedroom 10.29
2 Bedrooms 34.95
3 Bedrooms 45.84
4 Bedrooms 7.06
5 or more bedrooms 0.55

Marshall 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
22.30% 1.19% 4 2
* 10 is highest

Popular Neighborhoods in Marshall

Zip Codes in Marshall, IL