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Real Estate Prices & Overview

Median real estate price in the City Center of Marshalltown is $90,577, which is less expensive than 94.9% of Iowa neighborhoods and 96.2% of all U.S. neighborhoods.

The average rental price in Marshalltown City Center is currently $1,155, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 54.2% of Iowa neighborhoods.

Marshalltown City Center is a suburban neighborhood (based on population density) located in Marshalltown, Iowa.

Real estate in the City Center of Marshalltown, IA is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the City Center neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

Marshalltown City Center has a 10.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 66.0% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Occupations

More people work in manufacturing and as laborers here in the Marshalltown City Center neighborhood than in 97.3% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Marshalltown City Center neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Marshalltown City Center neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 62.6% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 96.9% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Diversity

Did you know that the Marshalltown City Center neighborhood has more Swiss and Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.4% of this neighborhood's residents have Swiss ancestry and 56.5% have Mexican ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the City Center neighborhood in Marshalltown are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 69.5% of U.S. neighborhoods. With 39.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 89.2% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Marshalltown City Center neighborhood, 45.0% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 20.7% of the residents employed. Other residents here are employed in executive, management, and professional occupations (19.1%), and 12.3% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Marshalltown City Center neighborhood is Spanish, spoken by 52.4% of households. Some people also speak English (45.9%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the City Center neighborhood in Marshalltown, IA, residents most commonly identify their ethnicity or ancestry as Mexican (56.5%). There are also a number of people of German ancestry (14.5%), and residents who report English roots (6.6%), and some of the residents are also of Irish ancestry (4.8%), along with some French ancestry residents (2.3%), among others. In addition, 26.1% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Marshalltown City Center neighborhood spend under 15 minutes commuting one-way to work (62.6% of working residents), one of the shortest commutes across America.

Here most residents (75.9%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (17.0%) and 5.6% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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