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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 2,617, 868 total housing units (homes and apartments), and a median house value of $259,913, Marshville 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 Marshville, accounting for 85.45% of the town's housing units. Other types of housing that are prevalent in Marshville include duplexes, homes converted to apartments or other small apartment buildings ( 7.83%), mobile homes or trailers ( 3.56%), and a few large apartment complexes or high rise apartments ( 2.85%).
The most prevalent building size and type in Marshville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 53.83% owning and 46.17% renting.
There is a lot of housing in Marshville 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 Marshville built between 1940-1969 ( 39.57%). A lesser amount of the housing stock also hails from before 1939 ( 10.48%). There's also some housing in Marshville built between 2000 and later ( 8.75%).
Vacant housing appears to be an issue in Marshville. Fully 11.70% of the housing stock is classified as vacant. Left unchecked, vacant Marshville homes and apartments can be a drag on the real estate market, holding Marshville 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.
In the last 10 years, Marshville has experienced some of the highest home appreciation rates of any community in the nation. Marshville real estate appreciated 128.04% over the last ten years, which is an average annual home appreciation rate of 8.59%, putting Marshville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Marshville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Marshville's appreciation rate, at 6.72%, has been at or slightly above the national average. In the latest quarter, Marshville's appreciation rate has been 1.72%, which annualizes to a rate of 7.07%.
Relative to North Carolina, our data show that Marshville's latest annual appreciation rate is lower than 50% of the other cities and towns in North Carolina.
$259,913
for North carolina
for nation
868
$1,814 / per month