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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 13,900 people, 5,953 houses or apartments, and a median cost of homes of $121,234, house prices in Marietta are solidly below the national average.
Single-family detached homes are the single most common housing type in Marietta, accounting for 65.00% of the city's housing units. Other types of housing that are prevalent in Marietta include large apartment complexes or high rise apartments ( 18.47%), duplexes, homes converted to apartments or other small apartment buildings ( 13.11%), and a few mobile homes or trailers ( 2.13%).
People in Marietta primarily live in small (one, two or no bedroom) single-family detached homes. Marietta has a mixture of owner-occupied and renter-occupied housing.
The housing in Marietta was primarily built before 1939 ( 43.58%), making the housing stock in Marietta some of the oldest overall in America, although there is a range of ages of homes in Marietta. The next most important housing age is between 1940-1969 ( 27.62%), followed by between 1970-1999 ( 25.78%). There's also some housing in Marietta built between 2000 and later ( 3.02%).
Vacant housing appears to be an issue in Marietta. Fully 12.60% of the housing stock is classified as vacant. Left unchecked, vacant Marietta homes and apartments can be a drag on the real estate market, holding Marietta 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.
Appreciation rates for homes in Marietta have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.95%, which ranks in the top 40% nationwide. This equates to an annual average Marietta house appreciation rate of 0.67%.
Over the last year, Marietta appreciation rates have trailed the rest of the nation. In the last twelve months, Marietta's appreciation rate has been -1.05%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Marietta were at -0.60%, which equates to an annual appreciation rate of -2.39%.
Notably, Marietta's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Ohio, our data show that Marietta's latest annual appreciation rate is lower than 80% of the other cities and towns in Ohio.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Marietta differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Marietta - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Marietta real estate investment or home purchase decisions.
|$803,001 - $1,071,000||0.3|
|$536,001 - $803,000||1.0|
|$429,001 - $536,000||3.0|
|$321,001 - $429,000||3.1|
|$214,001 - $321,000||7.2|
|$107,001 - $214,000||30.4|
|$54,001 - $107,000||40.3|
|$0 - $54,000||14.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Marietta HOMES|
|2000 or Newer||3.0|
|1970 - 1999||25.8|
|1940 - 1969||27.6|
|1939 or Older||43.6|
|TYPE OF Marietta HOMES|
|Small Apt. Buildings||13.1|
|SIZE OF Marietta HOMES|
|5 or more bedrooms||3.08|