Marceline, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Marceline, MO Real Estate Data


Marceline Housing Market Information

With a population of 2,154, 847 total housing units (homes and apartments), and a median house value of $81,706, house prices in Marceline are some of the most affordable in Missouri as well as the nation.

Single-family detached homes are the single most common housing type in Marceline, accounting for 81.35% of the city's housing units. Other types of housing that are prevalent in Marceline include duplexes, homes converted to apartments or other small apartment buildings ( 10.50%), mobile homes or trailers ( 6.00%), and a few row houses and other attached homes ( 1.59%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Marceline. Owner-occupied housing accounts for 65.58% of Marceline's homes, and 58.67% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Marceline 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 Marceline built between 1940-1969 ( 38.05%). A lesser amount of the housing stock also hails from before 1939 ( 21.56%). There's also some housing in Marceline built between 2000 and later ( 2.06%).

Vacant housing appears to be an issue in Marceline. Fully 20.62% of the housing stock is classified as vacant. Left unchecked, vacant Marceline homes and apartments can be a drag on the real estate market, holding Marceline 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.

Marceline Home Appreciation Rates

Appreciation rates for homes in Marceline have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.80%, which ranks in the top 40% nationwide. This equates to an annual average Marceline house appreciation rate of 0.85%.

Over the last year, Marceline appreciation rates have trailed the rest of the nation. In the last twelve months, Marceline's appreciation rate has been 4.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Marceline were at 0.50%, which equates to an annual appreciation rate of 2.00%.

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

Relative to Missouri, our data show that Marceline's latest annual appreciation rate is lower than 70% of the other cities and towns in Missouri.

Average Home Values

 

Median Home Value:
$81,706

Marceline, MO HOME PRICES

Value Range
> $1,094,000 0.0
$820,001 - $1,094,000 0.0
$547,001 - $820,000 1.9
$437,001 - $547,000 0.0
$328,001 - $437,000 3.3
$219,001 - $328,000 3.9
$109,001 - $219,000 19.6
$54,001 - $109,000 39.9
$0 - $54,000 31.5

Very Low for MO
Very Low for Nation

Value Relative to Nation Value Relative to State
90.2324764302864 87.2

Number Of Homes And Apartments:
847

Rent & Ownership

 

Average Market Rent:
$761 / per month

Homeownership Rate

Homeownership
Owners 65.58
Renters 34.42
Vacant 20.62

Housing Market Details

 

Age of Homes

AGE OF Marceline HOMES
2000 or Newer 2.1
1970 - 1999 38.3
1940 - 1969 38.1
1939 or Older 21.6

Types of Homes

TYPE OF Marceline HOMES
Single-Family 81.3
Townhomes 1.6
Small Apt. Buildings 10.5
Apt. Complexes 0.6
Mobile Homes 6.0
Other 0.0

Home Size

SIZE OF Marceline HOMES
No Bedroom 2.62
1 Bedroom 8.06
2 Bedrooms 27.09
3 Bedrooms 43.58
4 Bedrooms 15.09
5 or more bedrooms 3.56

Marceline Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
47.59% 2.32% 8 6
* 10 is highest

Popular Neighborhoods in Marceline

Zip Codes in Marceline, MO