Marceline, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Marceline, MO 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

Marceline Housing Market Information

With 2,154 people, 848 houses or apartments, and a median cost of homes of $85,239, 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 81.67% 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 ( 11.93%), mobile homes or trailers ( 4.85%), and a few row houses and other attached homes ( 1.16%).

The most prevalent building size and type in Marceline are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.98% owning and 35.02% renting.

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. Marceline's housing was primarily built during this period, from the '40s through the '60s. A full 39.57% of the city's housing hails from this era. Other housing ages represented in Marceline include homes built between 1970-1999 ( 37.34%) and housing constructed before 1939 ( 18.53%). There's also some housing in Marceline built between 2000 and later ( 4.56%).

Vacant housing appears to be an issue in Marceline. Fully 17.75% 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 8.10%, which ranks in the top 40% nationwide. This equates to an annual average Marceline house appreciation rate of 0.78%.

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 2.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Marceline were at 0.00%, which equates to an annual appreciation rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$85,239

Marceline, MO HOME PRICES

Value Range
> $1,086,000 0.0
$815,001 - $1,086,000 0.0
$543,001 - $815,000 2.0
$435,001 - $543,000 0.0
$326,001 - $435,000 1.3
$217,001 - $326,000 6.0
$108,001 - $217,000 22.3
$54,001 - $108,000 42.3
$0 - $54,000 26.0

Very Low for MO
Very Low for Nation

Value Relative to Nation Value Relative to State
87.2553615375601 84.4

Number Of Homes And Apartments:
848

Marceline Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
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
50.83% 2.41% 8 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$700 / per month

Homeownership Rate

Homeownership
Owners 64.98
Renters 35.02
Vacant 17.75

Housing Market Details

 

Age of Homes

AGE OF Marceline HOMES
2000 or Newer 4.6
1970 - 1999 37.3
1940 - 1969 39.6
1939 or Older 18.5

Types of Homes

TYPE OF Marceline HOMES
Single-Family 81.7
Townhomes 1.2
Small Apt. Buildings 11.9
Apt. Complexes 0.4
Mobile Homes 4.8
Other 0.0

Home Size

SIZE OF Marceline HOMES
No Bedroom 2.62
1 Bedroom 9.60
2 Bedrooms 27.93
3 Bedrooms 41.42
4 Bedrooms 15.52
5 or more bedrooms 2.91

Popular Neighborhoods in Marceline

Zip Codes in Marceline, MO