Marietta, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Marietta, 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

Marietta Housing Market Information

With a population of 2,608, 1,100 total housing units (homes and apartments), and a median house value of $131,827, 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 43.71% of the borough's housing units. Other types of housing that are prevalent in Marietta include row houses and other attached homes ( 24.24%), large apartment complexes or high rise apartments ( 15.86%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 14.26%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Marietta. Owner-occupied housing accounts for 65.82% of Marietta's homes, and 52.68% have either three or four bedrooms, which is average sized relative to America.

The housing in Marietta was primarily built before 1939 ( 64.26%), 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 ( 17.53%), followed by between 1970-1999 ( 14.09%). There's also some housing in Marietta built between 2000 and later ( 4.11%).

Marietta Home Appreciation Rates

Real estate appreciation rates in Marietta's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.37% during the period.

Appreciation rates are so strong in Marietta that despite a nationwide downturn in the housing market, Marietta real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Marietta appreciation rates continue to be some of the highest in America, at 6.58%, which is higher than appreciation rates in 78.42% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Marietta. Marietta appreciation rates in the latest quarter were at 0.61%, which equates to an annual appreciation rate of 2.48%.

Relative to Pennsylvania, our data show that Marietta's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$131,827

Marietta, PA HOME PRICES

Value Range
> $1,068,000 1.6
$801,001 - $1,068,000 0.6
$534,001 - $801,000 0.0
$427,001 - $534,000 1.3
$320,001 - $427,000 2.1
$213,001 - $320,000 10.6
$107,001 - $213,000 56.4
$53,001 - $107,000 22.5
$0 - $53,000 4.9

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
58.9124575178718 54.975845410628

Number Of Homes And Apartments:
1,100

Marietta 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
29.40% 1.51% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$851 / per month

Homeownership Rate

Homeownership
Owners 65.82
Renters 34.18
Vacant 7.72

Housing Market Details

 

Age of Homes

AGE OF Marietta HOMES
2000 or Newer 4.1
1970 - 1999 14.1
1940 - 1969 17.5
1939 or Older 64.3

Types of Homes

TYPE OF Marietta HOMES
Single-Family 43.7
Townhomes 24.2
Small Apt. Buildings 14.3
Apt. Complexes 15.9
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Marietta HOMES
No Bedroom 2.35
1 Bedroom 13.59
2 Bedrooms 30.96
3 Bedrooms 40.86
4 Bedrooms 11.83
5 or more bedrooms 0.42