Marine City, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Marine City Neighborhoods Since 2000




Marine City, MI 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

Marine City Housing Market Information

With 4,143 people, 1,837 houses or apartments, and a median cost of homes of $101,494, house prices in Marine City are solidly below the national average.

Single-family detached homes are the single most common housing type in Marine City, accounting for 68.86% of the city's housing units. Other types of housing that are prevalent in Marine City include duplexes, homes converted to apartments or other small apartment buildings ( 13.85%), large apartment complexes or high rise apartments ( 8.77%), and a few row houses and other attached homes ( 7.52%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Marine City. Owner-occupied housing accounts for 70.22% of Marine City's homes, and 54.61% have either three or four bedrooms, which is average sized relative to America.

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. Marine City's housing was primarily built during this period, from the '40s through the '60s. A full 44.15% of the city's housing hails from this era. Other housing ages represented in Marine City include homes built before 1939 ( 31.84%) and housing constructed between 1970-1999 ( 20.08%). There's also some housing in Marine City built between 2000 and later ( 3.94%).

Marine City Home Appreciation Rates

Homes have actually lost value in Marine City over the last then years, as home values have seen a decline of 21.56% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Marine City home appreciation rates at 1.86%, which equates to an annual appreciation rate of 7.66%.

NeighborhoodScout's data show that during the latest twelve months, Marine City's appreciation rate, at 4.89%, has been at or slightly above the national average. In the latest quarter, Marine City's appreciation rate has been 1.86%, which annualizes to a rate of 7.66%.

Importantly, this makes Marine City one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Michigan, our data show that Marine City's latest annual appreciation rate is lower than 50% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$101,494

Marine City, MI HOME PRICES

Value Range
> $1,201,000 0.8
$901,001 - $1,201,000 0.0
$601,001 - $901,000 1.7
$480,001 - $601,000 0.0
$360,001 - $480,000 1.4
$240,001 - $360,000 3.1
$120,001 - $240,000 28.5
$60,001 - $120,000 43.0
$0 - $60,000 21.4

Low for MI
Low for Nation

Value Relative to Nation Value Relative to State
76.6436188913629 74.5192307692308

Number Of Homes And Apartments:
1,837

Marine City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
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
-13.50% -0.84% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$934 / per month

Homeownership Rate

Homeownership
Owners 70.22
Renters 29.78
Vacant 8.47

Housing Market Details

 

Age of Homes

AGE OF Marine City HOMES
2000 or Newer 3.9
1970 - 1999 20.1
1940 - 1969 44.1
1939 or Older 31.8

Types of Homes

TYPE OF Marine City HOMES
Single-Family 68.9
Townhomes 7.5
Small Apt. Buildings 13.9
Apt. Complexes 8.8
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Marine City HOMES
No Bedroom 1.94
1 Bedroom 9.37
2 Bedrooms 32.09
3 Bedrooms 47.63
4 Bedrooms 6.98
5 or more bedrooms 1.99

Popular Neighborhoods in Marine City

Zip Codes in Marine City, MI