Marshall, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Marshall Neighborhoods Since 2000




Marshall, MN 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 13,652 people, 5,319 houses or apartments, and a median cost of homes of $166,671, Marshall real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Marshall, accounting for 56.50% of the city's housing units. Other types of housing that are prevalent in Marshall include large apartment complexes or high rise apartments ( 29.22%), duplexes, homes converted to apartments or other small apartment buildings ( 9.85%), and a few row houses and other attached homes ( 3.20%).

The most prevalent building size and type in Marshall are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.84% owning and 49.16% renting.

There is a lot of housing in Marshall 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 Marshall built between 1940-1969 ( 29.43%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.32%). There's also some housing in Marshall built before 1939 ( 9.99%).

Marshall Home Appreciation Rates

Real estate appreciation rates in Marshall's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.16% during the period.

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 1.05%, 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 -0.47%, which equates to an annual appreciation rate of -1.86%.

Relative to Minnesota, our data show that Marshall's latest annual appreciation rate is lower than 90% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$166,671

Marshall, MN HOME PRICES

Value Range
> $1,054,000 0.7
$790,001 - $1,054,000 0.0
$527,001 - $790,000 0.0
$421,001 - $527,000 2.9
$316,001 - $421,000 1.8
$211,001 - $316,000 14.3
$106,001 - $211,000 56.4
$53,001 - $106,000 18.2
$0 - $53,000 5.6

Average for MN
Average for Nation

Value Relative to Nation Value Relative to State
42.933317707723 56.8788501026694

Number Of Homes And Apartments:
5,319

Marshall Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
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
28.51% 1.46% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$731 / per month

Homeownership Rate

Homeownership
Owners 50.84
Renters 49.16
Vacant 8.58

Housing Market Details

 

Age of Homes

AGE OF Marshall HOMES
2000 or Newer 13.3
1970 - 1999 47.3
1940 - 1969 29.4
1939 or Older 10.0

Types of Homes

TYPE OF Marshall HOMES
Single-Family 56.5
Townhomes 3.2
Small Apt. Buildings 9.8
Apt. Complexes 29.2
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Marshall HOMES
No Bedroom 0.00
1 Bedroom 14.94
2 Bedrooms 31.88
3 Bedrooms 29.31
4 Bedrooms 18.34
5 or more bedrooms 5.53

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Zip Codes in Marshall, MN