Marshfield, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Marshfield, WI Real Estate Data


Marshfield Housing Market Information

With 18,620 people, 8,439 houses or apartments, and a median cost of homes of $147,959, Marshfield real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Marshfield, accounting for 58.40% of the city's housing units. Other types of housing that are prevalent in Marshfield include large apartment complexes or high rise apartments ( 25.93%), duplexes, homes converted to apartments or other small apartment buildings ( 8.59%), and a few mobile homes or trailers ( 3.73%).

The most prevalent building size and type in Marshfield are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.93% owning and 40.07% renting.

There is a lot of housing in Marshfield built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Marshfield built between 1940-1969 ( 27.16%). A lesser amount of the housing stock also hails from before 1939 ( 20.52%). There's also some housing in Marshfield built between 2000 and later ( 8.66%).

Marshfield Home Appreciation Rates

Appreciation rates for homes in Marshfield have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.73%, which ranks in the top 50% nationwide. This equates to an annual average Marshfield house appreciation rate of 0.46%.

NeighborhoodScout's data show that during the latest twelve months, Marshfield's appreciation rate, at 5.19%, has been at or slightly above the national average. In the latest quarter, Marshfield's appreciation rate has been 1.22%, which annualizes to a rate of 4.97%.

Relative to Wisconsin, our data show that Marshfield's latest annual appreciation rate is higher than 50% 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 Marshfield differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Marshfield - 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 Marshfield real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$147,959

Marshfield, WI HOME PRICES

Value Range
> $1,063,000 0.3
$797,001 - $1,063,000 0.2
$531,001 - $797,000 0.4
$426,001 - $531,000 1.3
$319,001 - $426,000 3.8
$213,001 - $319,000 13.0
$106,001 - $213,000 54.7
$53,001 - $106,000 20.5
$0 - $53,000 5.8

Low for WI
Average for Nation

Value Relative to Nation Value Relative to State
51.8006675645605 69.4045174537988

Number Of Homes And Apartments:
8,439

Rent & Ownership

 

Average Market Rent:
$754 / per month

Homeownership Rate

Homeownership
Owners 59.93
Renters 40.07
Vacant 3.85

Housing Market Details

 

Age of Homes

AGE OF Marshfield HOMES
2000 or Newer 8.7
1970 - 1999 43.7
1940 - 1969 27.2
1939 or Older 20.5

Types of Homes

TYPE OF Marshfield HOMES
Single-Family 58.4
Townhomes 3.3
Small Apt. Buildings 8.6
Apt. Complexes 25.9
Mobile Homes 3.7
Other 0.0

Home Size

SIZE OF Marshfield HOMES
No Bedroom 1.62
1 Bedroom 17.65
2 Bedrooms 26.66
3 Bedrooms 37.64
4 Bedrooms 13.18
5 or more bedrooms 3.25

Marshfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
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
37.27% 1.88% 7 4
* 10 is highest