Marinette, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Marinette, WI 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

Marinette Housing Market Information

With a population of 10,799, 5,027 total housing units (homes and apartments), and a median house value of $82,463, house prices in Marinette are some of the most affordable in Wisconsin as well as the nation.

Single-family detached homes are the single most common housing type in Marinette, accounting for 67.51% of the city's housing units. Other types of housing that are prevalent in Marinette include large apartment complexes or high rise apartments ( 12.53%), duplexes, homes converted to apartments or other small apartment buildings ( 12.44%), and a few mobile homes or trailers ( 6.22%).

The most prevalent building size and type in Marinette are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.16% owning and 43.84% renting.

The housing in Marinette was primarily built before 1939 ( 37.00%), making the housing stock in Marinette some of the oldest overall in America, although there is a range of ages of homes in Marinette. The next most important housing age is between 1970-1999 ( 29.91%), followed by between 1940-1969 ( 27.79%). There's also some housing in Marinette built between 2000 and later ( 5.30%).

Marinette Home Appreciation Rates

Marinette's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Marinette during the period has been just -1.17%, which is lower than 70% of US communities.

Over the last year, Marinette appreciation rates have trailed the rest of the nation. In the last twelve months, Marinette's appreciation rate has been -1.17%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Marinette were at 0.52%, which equates to an annual appreciation rate of 2.09%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Marinette differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Marinette - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Marinette real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$82,463

Marinette, WI HOME PRICES

Value Range
> $1,010,000 0.0
$758,001 - $1,010,000 0.0
$505,001 - $758,000 0.1
$404,001 - $505,000 0.5
$303,001 - $404,000 0.7
$202,001 - $303,000 5.3
$101,001 - $202,000 27.2
$51,001 - $101,000 52.2
$0 - $51,000 14.0

Very Low for WI
Very Low for Nation

Value Relative to Nation Value Relative to State
88.9019102308684 99.7946611909651

Number Of Homes And Apartments:
5,027

Marinette Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
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
11.28% 0.62% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$801 / per month

Homeownership Rate

Homeownership
Owners 56.16
Renters 43.84
Vacant 8.82

Housing Market Details

 

Age of Homes

AGE OF Marinette HOMES
2000 or Newer 5.3
1970 - 1999 29.9
1940 - 1969 27.8
1939 or Older 37.0

Types of Homes

TYPE OF Marinette HOMES
Single-Family 67.5
Townhomes 1.3
Small Apt. Buildings 12.4
Apt. Complexes 12.5
Mobile Homes 6.2
Other 0.0

Home Size

SIZE OF Marinette HOMES
No Bedroom 0.54
1 Bedroom 11.92
2 Bedrooms 31.62
3 Bedrooms 39.92
4 Bedrooms 13.17
5 or more bedrooms 2.83