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 about Scout's Real Estate Data
With 2,604 people, 1,086 houses or apartments, and a median cost of homes of $163,384, 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 45.01% of the borough's housing units. Other types of housing that are prevalent in Marietta include row houses and other attached homes ( 24.80%), large apartment complexes or high rise apartments ( 13.44%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 12.66%).
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 66.85% of Marietta's homes, and 48.48% have either three or four bedrooms, which is average sized relative to America.
The housing in Marietta was primarily built before 1939 ( 60.54%), 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 ( 17.69%), followed by between 1970-1999 ( 16.65%). There's also some housing in Marietta built between 2000 and later ( 5.12%).
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 2.33% 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 7.20%, which is higher than appreciation rates in 95.11% 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 0.92%, which equates to an annual appreciation rate of 3.71%.
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 for Nation
Average for PA