Marlin, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Marlin, TX 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

Marlin Housing Market Information

With a population of 5,682, 2,020 total housing units (homes and apartments), and a median house value of $48,806, 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 80.79% of the city's housing units. Other types of housing that are prevalent in Marlin include large apartment complexes or high rise apartments ( 11.65%), duplexes, homes converted to apartments or other small apartment buildings ( 6.05%), and a few row houses and other attached homes ( 1.15%).

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 51.13% owning and 48.87% 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 46.61% of the city's housing hails from this era. Other housing ages represented in Marlin include homes built between 1970-1999 ( 34.85%) and housing constructed before 1939 ( 14.00%). There's also some housing in Marlin built between 2000 and later ( 4.55%).

Vacant housing appears to be an issue in Marlin. Fully 29.32% 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

Appreciation rates for homes in Marlin have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.82%, which ranks in the top 50% nationwide. This equates to an annual average Marlin house appreciation rate of 0.18%.

Appreciation rates are so strong in Marlin that despite a nationwide downturn in the housing market, Marlin real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Marlin appreciation rates continue to be some of the highest in America, at 8.23%, which is higher than appreciation rates in 87.82% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Marlin. Marlin appreciation rates in the latest quarter were at 0.68%, which equates to an annual appreciation rate of 2.76%.

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

Average Home Values

 

Median Home Value:
$48,806

Marlin, TX HOME PRICES

Value Range
> $1,084,000 0.0
$813,001 - $1,084,000 0.0
$542,001 - $813,000 0.0
$434,001 - $542,000 0.8
$326,001 - $434,000 1.3
$217,001 - $326,000 2.5
$109,001 - $217,000 13.3
$54,001 - $109,000 28.0
$0 - $54,000 54.1

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
99.4257588187039 98.6381322957199

Number Of Homes And Apartments:
2,020

Marlin Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
41.81% 2.05% 1 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$771 / per month

Homeownership Rate

Homeownership
Owners 51.13
Renters 48.87
Vacant 29.32

Housing Market Details

 

Age of Homes

AGE OF Marlin HOMES
2000 or Newer 4.5
1970 - 1999 34.8
1940 - 1969 46.6
1939 or Older 14.0

Types of Homes

TYPE OF Marlin HOMES
Single-Family 80.8
Townhomes 1.2
Small Apt. Buildings 6.1
Apt. Complexes 11.7
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Marlin HOMES
No Bedroom 1.68
1 Bedroom 13.89
2 Bedrooms 31.28
3 Bedrooms 45.56
4 Bedrooms 6.26
5 or more bedrooms 1.33

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Zip Codes in Marlin, TX