Marvin, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Marvin Neighborhoods Since 2000




Marvin, 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 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

Marvin Housing Market Information

With a population of 6,181, 1,714 total housing units (homes and apartments), and a median house value of $717,466, Marvin house prices are not only among the most expensive in North Carolina, Marvin real estate also is some of the most expensive in all of America.

Marvin is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Marvin than is found in 98% of the communities in America.

The large homes that make up Marvin are primarily owner-occupied ( 92.59%).

Marvin homes and real estate are some of the newest in America. 70.53% of Marvin's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Marvin real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 26.64%), and between 1940-1969 ( 2.83%).

Marvin Home Appreciation Rates

Appreciation rates for homes in Marvin have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.70%, which ranks in the top 40% nationwide. This equates to an annual average Marvin house appreciation rate of 0.74%.

Appreciation rates are so strong in Marvin that despite a nationwide downturn in the housing market, Marvin real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Marvin appreciation rates continue to be some of the highest in America, at 6.39%, which is higher than appreciation rates in 77.03% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Marvin. Marvin appreciation rates in the latest quarter were at 1.88%, which equates to an annual appreciation rate of 7.72%.

Importantly, this makes Marvin one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$717,466

Marvin, NC HOME PRICES

Value Range
> $1,200,000 3.2
$900,001 - $1,200,000 18.2
$600,001 - $900,000 32.3
$480,001 - $600,000 13.1
$361,001 - $480,000 22.5
$240,001 - $361,000 5.4
$120,001 - $240,000 4.7
$60,001 - $120,000 0.2
$0 - $60,000 0.5

Very High for NC
Very High for Nation

Value Relative to Nation Value Relative to State
2.53720848470643 0.725952813067151

Number Of Homes And Apartments:
1,714

Marvin Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
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
43.77% 2.13% 8 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,007 / per month

Homeownership Rate

Homeownership
Owners 92.59
Renters 7.41
Vacant 3.05

Housing Market Details

 

Age of Homes

AGE OF Marvin HOMES
2000 or Newer 70.5
1970 - 1999 26.6
1940 - 1969 2.8
1939 or Older 0.0

Types of Homes

TYPE OF Marvin HOMES
Single-Family 96.9
Townhomes 0.7
Small Apt. Buildings 2.4
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Marvin HOMES
No Bedroom 0.34
1 Bedroom 0.00
2 Bedrooms 0.00
3 Bedrooms 14.65
4 Bedrooms 48.81
5 or more bedrooms 36.20