Marshfield, MA 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 Q1 2021. 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, MA Housing Market Trends

With 25,967 people, 9,649 houses or apartments, and a median cost of homes of $538,645, real estate costs in Marshfield are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.

Single-family detached homes are the single most common housing type in Marshfield, accounting for 83.46% of the town's housing units. Other types of housing that are prevalent in Marshfield include large apartment complexes or high rise apartments ( 10.74%), duplexes, homes converted to apartments or other small apartment buildings ( 3.30%), and a few row houses and other attached homes ( 2.50%).

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 81.14% of Marshfield's homes, and 63.80% 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 ( 30.75%). A lesser amount of the housing stock also hails from before 1939 ( 15.07%). There's also some housing in Marshfield built between 2000 and later ( 12.92%).

Vacant housing appears to be an issue in Marshfield. Fully 13.88% of the housing stock is classified as vacant. Left unchecked, vacant Marshfield homes and apartments can be a drag on the real estate market, holding Marshfield 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.

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 40.26%, which ranks in the top 50% nationwide. This equates to an annual average Marshfield house appreciation rate of 3.44%.

NeighborhoodScout's data show that during the latest twelve months, Marshfield's appreciation rate, at 6.01%, has been at or slightly above the national average. In the latest quarter, Marshfield's appreciation rate has been 1.51%, which annualizes to a rate of 6.18%.

Relative to Massachusetts, our data show that Marshfield's latest annual appreciation rate is lower than 50% of the other cities and towns in Massachusetts.

One very important thing to keep in mind is that these are average appreciation rates for the town. 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:
$538,645

Marshfield, MA HOME PRICES

> $1,178,000
1.8%
1.8%
$884,001 - $1,178,000
7.0%
7.0%
$589,001 - $884,000
31.5%
31.5%
$471,001 - $589,000
24.1%
24.1%
$353,001 - $471,000
27.5%
27.5%
$236,001 - $353,000
4.6%
4.6%
$118,001 - $236,000
2.4%
2.4%
$59,001 - $118,000
0.2%
0.2%
$0 - $59,000
0.8%
0.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for MA

Value Relative To Nation

Number Of Homes And Apartments:
9,649

Marshfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
87.42% 3.00%
6
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,792 / per month

Homeownership Rate

Owners
81.1%
81.1%
Renters
18.9%
18.9%
Vacant
13.9%
13.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
12.9%
12.9%
1970 - 1999
41.3%
41.3%
1940 - 1969
30.7%
30.7%
1939 or Older
15.1%
15.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
83.5%
83.5%
Townhomes
2.5%
2.5%
Small Apt. Buildings
3.3%
3.3%
Apt. Complexes
10.7%
10.7%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.1%
2.1%
1 Bedroom
5.5%
5.5%
2 Bedrooms
23.5%
23.5%
3 Bedrooms
36.3%
36.3%
4 Bedrooms
27.5%
27.5%
5 or more bedrooms
5.1%
5.1%
0.0% 100.0%
% OF HOMES