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 about Scout's Real Estate Data
With a population of 6,753, 3,119 total housing units (homes and apartments), and a median house value of $238,055, 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 75.23% of the city's housing units. Other types of housing that are prevalent in Marshall include large apartment complexes or high rise apartments ( 13.54%), duplexes, homes converted to apartments or other small apartment buildings ( 7.77%), and a few row houses and other attached homes ( 3.46%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Marshall. Owner-occupied housing accounts for 68.13% of Marshall's homes, and 64.44% have either three or four bedrooms, which is average sized relative to America.
The housing in Marshall was primarily built before 1939 ( 41.35%), making the housing stock in Marshall some of the oldest overall in America, although there is a range of ages of homes in Marshall. The next most important housing age is between 1940-1969 ( 28.11%), followed by between 1970-1999 ( 25.27%). There's also some housing in Marshall built between 2000 and later ( 5.26%).
Marshall's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Marshall during the period has been just 4.64%, which is lower than 80% of US communities.
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 3.84%, 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 -1.74%, which equates to an annual appreciation rate of -6.80%.
Notably, Marshall's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Michigan, our data show that Marshall's latest annual appreciation rate is lower than 90% of the other cities and towns in Michigan.
$238,055
for Michigan
for nation
3,119
$1,429 / per month