Marysville, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Marysville, 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 Q2 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

Marysville Housing Market Information

With a population of 9,757, 4,208 total housing units (homes and apartments), and a median house value of $128,160, 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 64.81% of the city's housing units. Other types of housing that are prevalent in Marysville include large apartment complexes or high rise apartments ( 13.97%), row houses and other attached homes ( 7.38%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.95%).

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 80.46% of Marysville's homes, and 56.76% 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 ( 25.63%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.16%). There's also some housing in Marysville built before 1939 ( 5.72%).

Marysville Home Appreciation Rates

Marysville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Marysville during the period has been just -0.88%, which is lower than 70% of US communities.

Appreciation rates are so strong in Marysville that despite a nationwide downturn in the housing market, Marysville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Marysville appreciation rates continue to be some of the highest in America, at 7.81%, which is higher than appreciation rates in 81.24% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Marysville. Marysville appreciation rates in the latest quarter were at 2.64%, which equates to an annual appreciation rate of 10.97%.

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

Average Home Values

 

Median Home Value:
$128,160

Marysville, MI HOME PRICES

Value Range
> $1,252,000 0.0
$939,001 - $1,252,000 0.0
$626,001 - $939,000 0.0
$501,001 - $626,000 0.0
$376,001 - $501,000 0.8
$251,001 - $376,000 8.1
$125,001 - $251,000 50.9
$63,001 - $125,000 28.5
$0 - $63,000 11.7

Average for MI
Low for Nation

Value Relative to Nation Value Relative to State
62.1933368464196 55.2884615384615

Number Of Homes And Apartments:
4,208

Marysville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
-4.57% -0.27% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,081 / per month

Homeownership Rate

Homeownership
Owners 80.46
Renters 19.54
Vacant 5.63

Housing Market Details

 

Age of Homes

AGE OF Marysville HOMES
2000 or Newer 10.2
1970 - 1999 58.5
1940 - 1969 25.6
1939 or Older 5.7

Types of Homes

TYPE OF Marysville HOMES
Single-Family 64.8
Townhomes 7.4
Small Apt. Buildings 7.0
Apt. Complexes 14.0
Mobile Homes 6.9
Other 0.0

Home Size

SIZE OF Marysville HOMES
No Bedroom 0.83
1 Bedroom 9.19
2 Bedrooms 32.07
3 Bedrooms 45.77
4 Bedrooms 10.99
5 or more bedrooms 1.14