Marshville, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Marshville, NC Real Estate Data


Marshville Housing Market Information

With a population of 2,638, 865 total housing units (homes and apartments), and a median house value of $153,126, Marshville 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 Marshville, accounting for 82.77% of the town's housing units. Other types of housing that are prevalent in Marshville include duplexes, homes converted to apartments or other small apartment buildings ( 9.42%), mobile homes or trailers ( 5.01%), and a few large apartment complexes or high rise apartments ( 2.81%).

The most prevalent building size and type in Marshville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 53.63% owning and 46.37% renting.

There is a lot of housing in Marshville 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 Marshville built between 1940-1969 ( 33.17%). A lesser amount of the housing stock also hails from before 1939 ( 22.95%). There's also some housing in Marshville built between 2000 and later ( 5.21%).

Vacant housing appears to be an issue in Marshville. Fully 13.33% of the housing stock is classified as vacant. Left unchecked, vacant Marshville homes and apartments can be a drag on the real estate market, holding Marshville 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.

Marshville Home Appreciation Rates

Appreciation rates for homes in Marshville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.54%, which ranks in the top 50% nationwide. This equates to an annual average Marshville house appreciation rate of 0.35%.

Appreciation rates are so strong in Marshville that despite a nationwide downturn in the housing market, Marshville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Marshville appreciation rates continue to be some of the highest in America, at 7.13%, which is higher than appreciation rates in 85.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Marshville. Marshville appreciation rates in the latest quarter were at 1.57%, which equates to an annual appreciation rate of 6.43%.

Relative to North Carolina, our data show that Marshville's latest annual appreciation rate is higher than 80% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$153,126

Marshville, NC HOME PRICES

Value Range
> $1,118,000 1.1
$839,001 - $1,118,000 2.0
$559,001 - $839,000 0.6
$447,001 - $559,000 1.6
$335,001 - $447,000 4.1
$224,001 - $335,000 19.6
$112,001 - $224,000 39.4
$56,001 - $112,000 25.5
$0 - $56,000 6.0

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
49.3822099900451 43.1941923774955

Number Of Homes And Apartments:
865

Rent & Ownership

 

Average Market Rent:
$837 / per month

Homeownership Rate

Homeownership
Owners 53.63
Renters 46.37
Vacant 13.33

Housing Market Details

 

Age of Homes

AGE OF Marshville HOMES
2000 or Newer 5.2
1970 - 1999 38.7
1940 - 1969 33.2
1939 or Older 22.9

Types of Homes

TYPE OF Marshville HOMES
Single-Family 82.8
Townhomes 0.0
Small Apt. Buildings 9.4
Apt. Complexes 2.8
Mobile Homes 5.0
Other 0.0

Home Size

SIZE OF Marshville HOMES
No Bedroom 0.00
1 Bedroom 6.91
2 Bedrooms 25.55
3 Bedrooms 54.31
4 Bedrooms 11.42
5 or more bedrooms 1.80

Marshville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
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
19.79% 1.07% 4 2
* 10 is highest

Popular Neighborhoods in Marshville

Zip Codes in Marshville, NC