Marlin, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Marlin, TX Real Estate Data


Marlin Housing Market Information

With a population of 5,682, 1,983 total housing units (homes and apartments), and a median house value of $49,868, house prices in Marlin are some of the most affordable in Texas as well as the nation.

Single-family detached homes are the single most common housing type in Marlin, accounting for 79.37% of the city's housing units. Other types of housing that are prevalent in Marlin include large apartment complexes or high rise apartments ( 11.75%), duplexes, homes converted to apartments or other small apartment buildings ( 7.46%), and a few row houses and other attached homes ( 1.07%).

The most prevalent building size and type in Marlin are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.01% owning and 47.99% 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. Marlin's housing was primarily built during this period, from the '40s through the '60s. A full 48.69% of the city's housing hails from this era. Other housing ages represented in Marlin include homes built between 1970-1999 ( 33.31%) and housing constructed before 1939 ( 12.40%). There's also some housing in Marlin built between 2000 and later ( 5.60%).

Vacant housing appears to be an issue in Marlin. Fully 31.48% of the housing stock is classified as vacant. Left unchecked, vacant Marlin homes and apartments can be a drag on the real estate market, holding Marlin 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.

Marlin Home Appreciation Rates

Real estate appreciation rates in Marlin's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.61% during the period.

Over the last year, Marlin appreciation rates have trailed the rest of the nation. In the last twelve months, Marlin's appreciation rate has been 0.67%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Marlin were at 5.00%, which equates to an annual appreciation rate of 21.53%.

Importantly, this makes Marlin one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$49,868

Marlin, TX HOME PRICES

Value Range
> $1,134,000 0.0
$851,001 - $1,134,000 1.9
$568,001 - $851,000 0.1
$454,001 - $568,000 1.3
$340,001 - $454,000 0.5
$227,001 - $340,000 1.8
$113,001 - $227,000 8.4
$57,001 - $113,000 31.1
$0 - $57,000 54.9

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
99.4261287111319 98.8349514563107

Number Of Homes And Apartments:
1,983

Rent & Ownership

 

Average Market Rent:
$844 / per month

Homeownership Rate

Homeownership
Owners 52.01
Renters 47.99
Vacant 31.48

Housing Market Details

 

Age of Homes

AGE OF Marlin HOMES
2000 or Newer 5.6
1970 - 1999 33.3
1940 - 1969 48.7
1939 or Older 12.4

Types of Homes

TYPE OF Marlin HOMES
Single-Family 79.4
Townhomes 1.1
Small Apt. Buildings 7.5
Apt. Complexes 11.7
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Marlin HOMES
No Bedroom 1.66
1 Bedroom 14.31
2 Bedrooms 31.00
3 Bedrooms 46.13
4 Bedrooms 5.56
5 or more bedrooms 1.35

Marlin Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
33.23% 1.70% 1 4
* 10 is highest

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Zip Codes in Marlin, TX