Marshfield MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Marshfield, MA 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 Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Marshfield Housing Market Information

With 25,905 people, 9,284 houses or apartments, and a median cost of homes of $514,531, real estate costs in Marshfield are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.

Single-family detached homes are the single most common housing type in Marshfield, accounting for 80.85% of the town's housing units. Other types of housing that are prevalent in Marshfield include large apartment complexes or high rise apartments ( 11.63%), row houses and other attached homes ( 3.80%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.31%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Marshfield. Owner-occupied housing accounts for 78.10% of Marshfield's homes, and 62.34% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Marshfield 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 Marshfield built between 1940-1969 ( 31.66%). A lesser amount of the housing stock also hails from before 1939 ( 15.64%). There's also some housing in Marshfield built between 2000 and later ( 11.74%).

Vacant housing appears to be an issue in Marshfield. Fully 12.91% of the housing stock is classified as vacant. Left unchecked, vacant Marshfield homes and apartments can be a drag on the real estate market, holding Marshfield 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.

Marshfield Home Appreciation Rates

Appreciation rates for homes in Marshfield have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 29.54%, which ranks in the top 40% nationwide. This equates to an annual average Marshfield house appreciation rate of 2.62%.

NeighborhoodScout's data show that during the latest twelve months, Marshfield's appreciation rate, at 3.45%, has been at or slightly above the national average. In the latest quarter, Marshfield's appreciation rate has been 1.12%, which annualizes to a rate of 4.56%.

Relative to Massachusetts, our data show that Marshfield's latest annual appreciation rate is higher than 60% of the other cities and towns in Massachusetts.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Marshfield differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Marshfield - 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 Marshfield real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$514,531

Marshfield, MA HOME PRICES

Value Range
> $1,205,000 1.9
$904,001 - $1,205,000 5.2
$602,001 - $904,000 27.7
$482,001 - $602,000 24.1
$362,001 - $482,000 28.0
$241,001 - $362,000 8.9
$121,001 - $241,000 2.0
$60,001 - $121,000 0.7
$0 - $60,000 1.5

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
6.92554744525547 29.1666666666667

Number Of Homes And Apartments:
9,284

Marshfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
76.16% 2.91%
7
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,366 / per month

Homeownership Rate

Homeownership
Owners 78.10
Renters 21.90
Vacant 12.91

Housing Market Details

 

Age of Homes

AGE OF Marshfield HOMES
2000 or Newer 11.7
1970 - 1999 41.0
1940 - 1969 31.7
1939 or Older 15.6

Types of Homes

TYPE OF Marshfield HOMES
Single-Family 80.9
Townhomes 3.8
Small Apt. Buildings 3.3
Apt. Complexes 11.6
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Marshfield HOMES
No Bedroom 1.74
1 Bedroom 6.69
2 Bedrooms 23.30
3 Bedrooms 36.74
4 Bedrooms 25.60
5 or more bedrooms 5.93