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 4,467 people, 1,736 houses or apartments, and a median cost of homes of $221,003, house prices in Marlow are solidly below the national average.
Single-family detached homes are the single most common housing type in Marlow, accounting for 85.98% of the city's housing units. Other types of housing that are prevalent in Marlow include mobile homes or trailers ( 6.67%), row houses and other attached homes ( 2.91%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.32%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Marlow. Owner-occupied housing accounts for 72.85% of Marlow's homes, and 60.54% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Marlow 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 Marlow built between 1940-1969 ( 32.99%). A lesser amount of the housing stock also hails from before 1939 ( 11.75%). There's also some housing in Marlow built between 2000 and later ( 7.16%).
Vacant housing appears to be an issue in Marlow. Fully 14.27% of the housing stock is classified as vacant. Left unchecked, vacant Marlow homes and apartments can be a drag on the real estate market, holding Marlow 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 Marlow have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.24%, which ranks in the top 50% nationwide. This equates to an annual average Marlow house appreciation rate of 6.70%.
Appreciation rates are so strong in Marlow that despite a nationwide downturn in the housing market, Marlow real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Marlow appreciation rates continue to be some of the highest in America, at 8.59%, which is higher than appreciation rates in 76.73% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Marlow. Marlow appreciation rates in the latest quarter were at 3.30%, which equates to an annual appreciation rate of 13.85%.
Importantly, this makes Marlow one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Oklahoma, our data show that Marlow's latest annual appreciation rate is higher than 50% of the other cities and towns in Oklahoma.
$221,003
for Oklahoma
for nation
1,736
$1,067 / per month