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


Marcus Hook Housing Market Information

With 2,397 people, 810 houses or apartments, and a median cost of homes of $86,230, 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 56.62% 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 ( 33.16%), single-family detached homes ( 5.74%), and a few large apartment complexes or high rise apartments ( 3.96%). Boroughs with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact boroughs that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

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 41.96% owning and 58.04% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Marcus Hook's housing was primarily built during this period, from the '40s through the '60s. A full 47.24% of the borough's housing hails from this era. Other housing ages represented in Marcus Hook include homes built before 1939 ( 45.15%) and housing constructed between 1970-1999 ( 6.99%).

Vacant housing appears to be an issue in Marcus Hook. Fully 15.54% 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 19.02% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Marcus Hook home appreciation rates at 1.89%, which equates to an annual appreciation rate of 7.76%.

NeighborhoodScout's data show that during the latest twelve months, Marcus Hook's appreciation rate, at 5.04%, has been at or slightly above the national average. In the latest quarter, Marcus Hook's appreciation rate has been 1.89%, which annualizes to a rate of 7.76%.

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

Average Home Values

 

Median Home Value:
$86,230

Marcus Hook, PA HOME PRICES

Value Range
> $1,020,000 0.0
$765,001 - $1,020,000 0.0
$510,001 - $765,000 0.9
$408,001 - $510,000 1.5
$306,001 - $408,000 0.0
$204,001 - $306,000 1.2
$102,001 - $204,000 21.7
$51,001 - $102,000 70.1
$0 - $51,000 4.8

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
87.696902266206 87.2463768115942

Number Of Homes And Apartments:
810

Rent & Ownership

 

Average Market Rent:
$900 / per month

Homeownership Rate

Homeownership
Owners 41.96
Renters 58.04
Vacant 15.54

Housing Market Details

 

Age of Homes

AGE OF Marcus Hook HOMES
2000 or Newer 0.6
1970 - 1999 7.0
1940 - 1969 47.2
1939 or Older 45.2

Types of Homes

TYPE OF Marcus Hook HOMES
Single-Family 5.7
Townhomes 56.6
Small Apt. Buildings 33.2
Apt. Complexes 4.0
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Marcus Hook HOMES
No Bedroom 1.46
1 Bedroom 10.01
2 Bedrooms 24.61
3 Bedrooms 49.22
4 Bedrooms 11.57
5 or more bedrooms 3.13

Marcus Hook Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
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
17.97% 0.98% 1 2
* 10 is highest