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
With 1,482 people, 611 houses or apartments, and a median cost of homes of $95,580, house prices in Marble Hill are solidly below the national average.
Single-family detached homes are the single most common housing type in Marble Hill, accounting for 75.91% of the city's housing units. Other types of housing that are prevalent in Marble Hill include duplexes, homes converted to apartments or other small apartment buildings ( 10.94%), large apartment complexes or high rise apartments ( 8.72%), and a few mobile homes or trailers ( 3.39%).
People in Marble Hill primarily live in small (one, two or no bedroom) single-family detached homes. Marble Hill has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Marble Hill's housing was primarily built during this period, from the '40s through the '60s. A full 48.18% of the city's housing hails from this era. Other housing ages represented in Marble Hill include homes built between 1970-1999 ( 35.81%) and housing constructed between 2000 and later ( 8.33%). There's also some housing in Marble Hill built before 1939 ( 7.68%).
Vacant housing appears to be an issue in Marble Hill. Fully 20.44% of the housing stock is classified as vacant. Left unchecked, vacant Marble Hill homes and apartments can be a drag on the real estate market, holding Marble Hill 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.
Appreciation rates for homes in Marble Hill have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.42%, which ranks in the top 40% nationwide. This equates to an annual average Marble Hill house appreciation rate of 0.81%.
Over the last year, Marble Hill appreciation rates have trailed the rest of the nation. In the last twelve months, Marble Hill's appreciation rate has been 1.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Marble Hill were at -1.39%, which equates to an annual appreciation rate of -5.45%.
Notably, Marble Hill's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Missouri, our data show that Marble Hill's latest annual appreciation rate is lower than 70% of the other cities and towns in Missouri.
|$794,001 - $1,058,000||0.0|
|$529,001 - $794,000||0.0|
|$424,001 - $529,000||0.2|
|$318,001 - $424,000||0.2|
|$212,001 - $318,000||9.0|
|$106,001 - $212,000||32.4|
|$53,001 - $106,000||39.3|
|$0 - $53,000||19.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Marble Hill HOMES|
|2000 or Newer||8.3|
|1970 - 1999||35.8|
|1940 - 1969||48.2|
|1939 or Older||7.7|
|TYPE OF Marble Hill HOMES|
|Small Apt. Buildings||10.9|
|SIZE OF Marble Hill HOMES|
|5 or more bedrooms||1.30|