Marshall, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Marshall Neighborhoods Since 2000




Marshall, 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

Marshall Housing Market Information

With a population of 7,045, 3,074 total housing units (homes and apartments), and a median house value of $135,510, 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 61.62% of the city's housing units. Other types of housing that are prevalent in Marshall include large apartment complexes or high rise apartments ( 22.11%), duplexes, homes converted to apartments or other small apartment buildings ( 11.60%), and a few row houses and other attached homes ( 3.73%).

People in Marshall primarily live in small (one, two or no bedroom) single-family detached homes. Marshall has a mixture of owner-occupied and renter-occupied housing.

The housing in Marshall was primarily built before 1939 ( 41.08%), 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 1970-1999 ( 31.48%), followed by between 1940-1969 ( 24.44%). There's also some housing in Marshall built between 2000 and later ( 2.99%).

Vacant housing appears to be an issue in Marshall. Fully 12.42% 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

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 -1.53%, 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 2.20%, 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 -0.73%, which equates to an annual appreciation rate of -2.90%.

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 80% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$135,510

Marshall, MI HOME PRICES

Value Range
> $1,047,000 0.3
$785,001 - $1,047,000 0.0
$523,001 - $785,000 0.4
$419,001 - $523,000 0.9
$314,001 - $419,000 1.3
$209,001 - $314,000 10.9
$105,001 - $209,000 43.2
$52,001 - $105,000 30.9
$0 - $52,000 12.1

Average for MI
Average for Nation

Value Relative to Nation Value Relative to State
56.9612094222431 46.1538461538462

Number Of Homes And Apartments:
3,074

Marshall 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
-3.51% -0.21% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$786 / per month

Homeownership Rate

Homeownership
Owners 61.84
Renters 38.16
Vacant 12.42

Housing Market Details

 

Age of Homes

AGE OF Marshall HOMES
2000 or Newer 3.0
1970 - 1999 31.5
1940 - 1969 24.4
1939 or Older 41.1

Types of Homes

TYPE OF Marshall HOMES
Single-Family 61.6
Townhomes 3.7
Small Apt. Buildings 11.6
Apt. Complexes 22.1
Mobile Homes 0.9
Other 0.0

Home Size

SIZE OF Marshall HOMES
No Bedroom 3.93
1 Bedroom 12.14
2 Bedrooms 37.09
3 Bedrooms 32.74
4 Bedrooms 11.88
5 or more bedrooms 2.22

Popular Neighborhoods in Marshall

Zip Codes in Marshall, MI