Marysville, MI Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Marysville, MI Housing Market Trends

With 9,672 people, 4,236 houses or apartments, and a median cost of homes of $158,604, house prices in Marysville are solidly below the national average.

Single-family detached homes are the single most common housing type in Marysville, accounting for 63.03% of the city's housing units. Other types of housing that are prevalent in Marysville include large apartment complexes or high rise apartments ( 14.48%), row houses and other attached homes ( 10.55%), and a few mobile homes or trailers ( 7.91%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Marysville. Owner-occupied housing accounts for 80.95% of Marysville's homes, and 59.81% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Marysville 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 Marysville built between 1940-1969 ( 28.39%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.10%). There's also some housing in Marysville built before 1939 ( 5.63%).

Marysville Home Appreciation Rates

In the last 10 years, Marysville has experienced some of the highest home appreciation rates of any community in the nation. Marysville real estate appreciated 62.45% over the last ten years, which is an average annual home appreciation rate of 4.97%, putting Marysville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Marysville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Marysville's appreciation rate, at 5.91%, has been at or slightly above the national average. In the latest quarter, Marysville's appreciation rate has been 1.29%, which annualizes to a rate of 5.25%.

Notably, Marysville's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$158,604

Marysville, MI HOME PRICES

> $1,213,000
0.5%
0.5%
$910,001 - $1,213,000
0.0%
0.0%
$607,001 - $910,000
0.5%
0.5%
$485,001 - $607,000
0.3%
0.3%
$364,001 - $485,000
1.7%
1.7%
$242,001 - $364,000
12.0%
12.0%
$121,001 - $242,000
53.8%
53.8%
$61,001 - $121,000
20.4%
20.4%
$0 - $61,000
10.7%
10.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for MI

Value Relative To Nation

Number Of Homes And Apartments:
4,236

Marysville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
18.28% 0.79%
2
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,163 / per month

Homeownership Rate

Owners
81.0%
81.0%
Renters
19.0%
19.0%
Vacant
5.3%
5.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
9.1%
9.1%
1970 - 1999
56.9%
56.9%
1940 - 1969
28.4%
28.4%
1939 or Older
5.6%
5.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
63.0%
63.0%
Townhomes
10.5%
10.5%
Small Apt. Buildings
4.0%
4.0%
Apt. Complexes
14.5%
14.5%
Mobile Homes
7.9%
7.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.7%
0.7%
1 Bedroom
6.2%
6.2%
2 Bedrooms
31.6%
31.6%
3 Bedrooms
48.6%
48.6%
4 Bedrooms
11.2%
11.2%
5 or more bedrooms
1.7%
1.7%
0.0% 100.0%
% OF HOMES