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 2,084, 985 total housing units (homes and apartments), and a median house value of $204,368, house prices in Marionville are solidly below the national average.
Single-family detached homes are the single most common housing type in Marionville, accounting for 62.05% of the city's housing units. Other types of housing that are prevalent in Marionville include duplexes, homes converted to apartments or other small apartment buildings ( 23.30%), mobile homes or trailers ( 6.96%), and a few large apartment complexes or high rise apartments ( 6.88%).
The most prevalent building size and type in Marionville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.08% owning and 53.92% renting.
There is a lot of housing in Marionville 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 Marionville built between 1940-1969 ( 24.02%). A lesser amount of the housing stock also hails from before 1939 ( 16.88%). There's also some housing in Marionville built between 2000 and later ( 15.54%).
Vacant housing appears to be an issue in Marionville. Fully 12.05% of the housing stock is classified as vacant. Left unchecked, vacant Marionville homes and apartments can be a drag on the real estate market, holding Marionville 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.
Appreciation rates for homes in Marionville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.19%, which ranks in the top 30% nationwide. This equates to an annual average Marionville house appreciation rate of 7.29%.
Appreciation rates are so strong in Marionville that despite a nationwide downturn in the housing market, Marionville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Marionville appreciation rates continue to be some of the highest in America, at 6.67%, which is higher than appreciation rates in 71.32% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Marionville. Marionville appreciation rates in the latest quarter were at 0.31%, which equates to an annual appreciation rate of 1.23%.
Relative to Missouri, our data show that Marionville's latest annual appreciation rate is higher than 60% of the other cities and towns in Missouri.
$204,368
for Missouri
for nation
985
$1,273 / per month