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 5,533 people, 2,015 houses or apartments, and a median cost of homes of $96,171, house prices in Marksville are solidly below the national average.
Single-family detached homes are the single most common housing type in Marksville, accounting for 68.66% of the city's housing units. Other types of housing that are prevalent in Marksville include mobile homes or trailers ( 12.72%), duplexes, homes converted to apartments or other small apartment buildings ( 11.32%), and a few large apartment complexes or high rise apartments ( 7.29%).
The most prevalent building size and type in Marksville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 45.44% owning and 54.56% renting.
There is a lot of housing in Marksville 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 Marksville built between 1940-1969 ( 30.96%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.06%). There's also some housing in Marksville built before 1939 ( 3.99%).
Vacant housing appears to be an issue in Marksville. Fully 14.55% of the housing stock is classified as vacant. Left unchecked, vacant Marksville homes and apartments can be a drag on the real estate market, holding Marksville 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.
In the last 10 years, Marksville has experienced some of the highest home appreciation rates of any community in the nation. Marksville real estate appreciated 16.98% over the last ten years, which is an average annual home appreciation rate of 1.58%, putting Marksville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Marksville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Marksville appreciation rates have trailed the rest of the nation. In the last twelve months, Marksville's appreciation rate has been -0.40%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Marksville were at -3.30%, which equates to an annual appreciation rate of -12.57%.
Notably, Marksville's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Louisiana, our data show that Marksville's latest annual appreciation rate is lower than 70% of the other cities and towns in Louisiana.
|$794,001 - $1,058,000||0.0|
|$529,001 - $794,000||0.0|
|$423,001 - $529,000||0.0|
|$317,001 - $423,000||3.8|
|$212,001 - $317,000||10.0|
|$106,001 - $212,000||34.6|
|$53,001 - $106,000||27.8|
|$0 - $53,000||22.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Marksville HOMES|
|2000 or Newer||8.1|
|1970 - 1999||57.0|
|1940 - 1969||31.0|
|1939 or Older||4.0|
|TYPE OF Marksville HOMES|
|Small Apt. Buildings||11.3|
|SIZE OF Marksville HOMES|
|5 or more bedrooms||0.89|