Marshfield, WI Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Marshfield, WI Housing Market Trends

With 18,471 people, 8,797 houses or apartments, and a median cost of homes of $180,065, 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 56.44% of the city's housing units. Other types of housing that are prevalent in Marshfield include large apartment complexes or high rise apartments ( 21.76%), duplexes, homes converted to apartments or other small apartment buildings ( 12.03%), and a few row houses and other attached homes ( 5.10%).

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 57.85% owning and 42.15% 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 ( 25.33%). A lesser amount of the housing stock also hails from before 1939 ( 20.34%). There's also some housing in Marshfield built between 2000 and later ( 14.08%).

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 1.63%, 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 4.92%, 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 2.30%, which equates to an annual appreciation rate of 9.53%.

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:
$180,065

Marshfield, WI HOME PRICES

> $1,138,000
1.0%
1.0%
$853,001 - $1,138,000
0.5%
0.5%
$569,001 - $853,000
0.7%
0.7%
$455,001 - $569,000
1.8%
1.8%
$341,001 - $455,000
4.2%
4.2%
$228,001 - $341,000
16.9%
16.9%
$114,001 - $228,000
48.6%
48.6%
$57,001 - $114,000
20.8%
20.8%
$0 - $57,000
5.6%
5.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Low for WI

Value Relative To Nation

Number Of Homes And Apartments:
8,797

Marshfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
54.75% 2.10%
5
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$760 / per month

Homeownership Rate

Owners
57.8%
57.8%
Renters
42.2%
42.2%
Vacant
6.7%
6.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
14.1%
14.1%
1970 - 1999
40.3%
40.3%
1940 - 1969
25.3%
25.3%
1939 or Older
20.3%
20.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
56.4%
56.4%
Townhomes
5.1%
5.1%
Small Apt. Buildings
12.0%
12.0%
Apt. Complexes
21.8%
21.8%
Mobile Homes
4.7%
4.7%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.5%
2.5%
1 Bedroom
11.0%
11.0%
2 Bedrooms
32.4%
32.4%
3 Bedrooms
37.5%
37.5%
4 Bedrooms
13.8%
13.8%
5 or more bedrooms
2.8%
2.8%
0.0% 100.0%
% OF HOMES