Marshall NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



map preview
Please wait, loading your map...

Highest
Lowest




Marshall, NC 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Marshall Housing Market Information

With a population of 907, 334 total housing units (homes and apartments), and a median house value of $240,765, Marshall real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Marshall, accounting for 56.03% of the town's housing units. Other types of housing that are prevalent in Marshall include mobile homes or trailers ( 21.47%), duplexes, homes converted to apartments or other small apartment buildings ( 11.86%), and a few large apartment complexes or high rise apartments ( 8.38%).

People in Marshall primarily live in small (one, two or no bedroom) single-family detached homes. Marshall has a mixture of owner-occupied and renter-occupied housing.

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 ( 25.15%). A lesser amount of the housing stock also hails from before 1939 ( 23.52%). There's also some housing in Marshall built between 2000 and later ( 7.77%).

Vacant housing appears to be an issue in Marshall. Fully 31.70% of the housing stock is classified as vacant. Left unchecked, vacant Marshall homes and apartments can be a drag on the real estate market, holding Marshall 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.

Marshall Home Appreciation Rates

Marshall's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Marshall during the period has been just 1.39%, which is lower than 70% of US communities.

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 3.10%, 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 1.00%, which equates to an annual appreciation rate of 4.05%.

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

Average Home Values

 

Median Home Value:
$240,765

Marshall, NC HOME PRICES

Value Range
> $1,123,000 2.9
$842,001 - $1,123,000 3.7
$561,001 - $842,000 5.0
$450,001 - $561,000 4.7
$337,001 - $450,000 15.0
$225,001 - $337,000 18.1
$112,001 - $225,000 29.9
$56,001 - $112,000 12.2
$0 - $56,000 8.4

High for NC
High for Nation

Value Relative to Nation Value Relative to State
31.036496350365 22.8260869565217

Number Of Homes And Apartments:
334

Marshall Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
44.10% 1.80%
5
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$946 / per month

Homeownership Rate

Homeownership
Owners 62.62
Renters 37.38
Vacant 31.70

Housing Market Details

 

Age of Homes

AGE OF Marshall HOMES
2000 or Newer 7.8
1970 - 1999 43.6
1940 - 1969 25.2
1939 or Older 23.5

Types of Homes

TYPE OF Marshall HOMES
Single-Family 56.0
Townhomes 2.2
Small Apt. Buildings 11.9
Apt. Complexes 8.4
Mobile Homes 21.5
Other 0.0

Home Size

SIZE OF Marshall HOMES
No Bedroom 5.11
1 Bedroom 20.65
2 Bedrooms 33.95
3 Bedrooms 31.90
4 Bedrooms 7.57
5 or more bedrooms 0.82

Popular Neighborhoods in Marshall

Zip Codes in Marshall, NC