Marcus Hook, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Marcus Hook Neighborhoods Since 2000




Marcus Hook, PA 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

Marcus Hook Housing Market Information

With a population of 2,397, 860 total housing units (homes and apartments), and a median house value of $86,190, house prices in Marcus Hook are some of the most affordable in Pennsylvania as well as the nation.

Row houses and other attached homes are the single most common housing type in Marcus Hook, accounting for 49.64% of the borough's housing units. Other types of housing that are prevalent in Marcus Hook include duplexes, homes converted to apartments or other small apartment buildings ( 31.88%), large apartment complexes or high rise apartments ( 9.04%), and a few single-family detached homes ( 8.93%). This particular housing mix is relatively uncommon and characteristic of boroughs that are compact and walkable, and which often have a lively downtown.

The most prevalent building size and type in Marcus Hook are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The borough has a mixture of owners and renters, with 41.98% owning and 58.02% renting.

The housing in Marcus Hook was primarily built before 1939 ( 46.60%), making the housing stock in Marcus Hook some of the oldest overall in America, although there is a range of ages of homes in Marcus Hook. The next most important housing age is between 1940-1969 ( 38.07%), followed by between 1970-1999 ( 9.24%). There's also some housing in Marcus Hook built between 2000 and later ( 6.09%).

Vacant housing appears to be an issue in Marcus Hook. Fully 12.69% of the housing stock is classified as vacant. Left unchecked, vacant Marcus Hook homes and apartments can be a drag on the real estate market, holding Marcus Hook 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.

Marcus Hook Home Appreciation Rates

Homes have actually lost value in Marcus Hook over the last then years, as home values have seen a decline of 21.89% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Marcus Hook home appreciation rates at 0.08%, which equates to an annual appreciation rate of 0.32%.

Over the last year, Marcus Hook appreciation rates have trailed the rest of the nation. In the last twelve months, Marcus Hook's appreciation rate has been 1.97%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Marcus Hook were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to Pennsylvania, our data show that Marcus Hook's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$86,190

Marcus Hook, PA HOME PRICES

Value Range
> $1,019,000 0.0
$764,001 - $1,019,000 0.0
$509,001 - $764,000 0.8
$408,001 - $509,000 1.4
$306,001 - $408,000 0.0
$204,001 - $306,000 1.4
$102,001 - $204,000 19.6
$51,001 - $102,000 69.8
$0 - $51,000 6.9

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
86.65182233681 85.024154589372

Number Of Homes And Apartments:
860

Marcus Hook Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
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
16.43% 0.89% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,165 / per month

Homeownership Rate

Homeownership
Owners 41.98
Renters 58.02
Vacant 12.69

Housing Market Details

 

Age of Homes

AGE OF Marcus Hook HOMES
2000 or Newer 6.1
1970 - 1999 9.2
1940 - 1969 38.1
1939 or Older 46.6

Types of Homes

TYPE OF Marcus Hook HOMES
Single-Family 8.9
Townhomes 49.6
Small Apt. Buildings 31.9
Apt. Complexes 9.0
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Marcus Hook HOMES
No Bedroom 2.94
1 Bedroom 12.59
2 Bedrooms 25.58
3 Bedrooms 45.79
4 Bedrooms 10.66
5 or more bedrooms 2.44