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 18,789 people, 410 houses or apartments, and a median cost of homes of $225,954, house prices in Marshfield are solidly below the national average.
Large apartment complexes or high rise apartments are the single most common housing type in Marshfield, accounting for 57.42% of the city's housing units. Other types of housing that are prevalent in Marshfield include single-family detached homes ( 24.41%), mobile homes or trailers ( 9.77%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.30%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.
People in Marshfield primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Marshfield has a mixture of owner-occupied and renter-occupied housing.
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 2000 and later ( 40.04%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.36%).
Vacant housing appears to be an issue in Marshfield. Fully 19.92% 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's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Marshfield during the period has been just 5.24%, which is lower than 80% of US communities.
Appreciation rates are so strong in Marshfield that despite a nationwide downturn in the housing market, Marshfield real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Marshfield appreciation rates continue to be some of the highest in America, at 8.63%, which is higher than appreciation rates in 77.17% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Marshfield. Marshfield appreciation rates in the latest quarter were at 1.17%, which equates to an annual appreciation rate of 4.77%.
Relative to Wisconsin, our data show that Marshfield's latest annual appreciation rate is higher than 60% of the other cities and towns in Wisconsin.
One very important thing to keep in mind is that these are average appreciation rates for the city. 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.
$225,954
for Wisconsin
for nation
410
$1,190 / per month