Marshfield WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Marshfield, 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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Marshfield Housing Market Information

With a population of 18,311, 1,725 total housing units (homes and apartments), and a median house value of $184,771, 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 70.12% of the city's housing units. Other types of housing that are prevalent in Marshfield include large apartment complexes or high rise apartments ( 16.01%), duplexes, homes converted to apartments or other small apartment buildings ( 9.07%), and a few mobile homes or trailers ( 3.39%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Marshfield. Owner-occupied housing accounts for 68.75% of Marshfield's homes, and 57.89% have either three or four bedrooms, which is average sized relative to America.

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 ( 27.67%). A lesser amount of the housing stock also hails from before 1939 ( 24.97%). There's also some housing in Marshfield built between 2000 and later ( 11.00%).

Marshfield Home Appreciation Rates

Marshfield's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Marshfield during the period has been just 1.49%, which is lower than 70% of US communities.

Over the last year, Marshfield appreciation rates have trailed the rest of the nation. In the last twelve months, Marshfield's appreciation rate has been 3.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Marshfield were at 0.26%, which equates to an annual appreciation rate of 1.06%.

Notably, Marshfield's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Wisconsin, our data show that Marshfield's latest annual appreciation rate is lower 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:
$184,771

Marshfield, WI HOME PRICES

Value Range
> $1,136,000 0.7
$852,001 - $1,136,000 0.6
$568,001 - $852,000 0.5
$454,001 - $568,000 1.4
$341,001 - $454,000 3.3
$227,001 - $341,000 16.0
$113,001 - $227,000 51.2
$57,001 - $113,000 20.7
$0 - $57,000 5.6

Average for WI
Average for Nation

Value Relative to Nation Value Relative to State
46.4613138686131 57.5975359342916

Number Of Homes And Apartments:
1,725

Marshfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
49.87% 1.99%
5
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$753 / per month

Homeownership Rate

Homeownership
Owners 68.75
Renters 31.25
Vacant 7.38

Housing Market Details

 

Age of Homes

AGE OF Marshfield HOMES
2000 or Newer 11.0
1970 - 1999 36.4
1940 - 1969 27.7
1939 or Older 25.0

Types of Homes

TYPE OF Marshfield HOMES
Single-Family 70.1
Townhomes 1.4
Small Apt. Buildings 9.1
Apt. Complexes 16.0
Mobile Homes 3.4
Other 0.0

Home Size

SIZE OF Marshfield HOMES
No Bedroom 2.13
1 Bedroom 10.25
2 Bedrooms 25.23
3 Bedrooms 39.05
4 Bedrooms 18.84
5 or more bedrooms 4.51