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 55,962 people, 19,949 houses or apartments, and a median cost of homes of $492,276, Marana real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Marana, accounting for 89.66% of the town's housing units. Other types of housing that are prevalent in Marana include large apartment complexes or high rise apartments ( 4.57%), mobile homes or trailers ( 2.39%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.99%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Marana. Owner-occupied housing accounts for 81.77% of Marana's homes, and 74.40% have either three or four bedrooms, which is average sized relative to America.
Marana homes and real estate are some of the newest in America. 77.60% of Marana's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Marana real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 20.55%), and between 1940-1969 ( 1.73%).
In the last 10 years, Marana has experienced some of the highest home appreciation rates of any community in the nation. Marana real estate appreciated 132.95% over the last ten years, which is an average annual home appreciation rate of 8.82%, putting Marana in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Marana definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Marana's appreciation rate, at 7.28%, has been at or slightly above the national average. In the latest quarter, Marana's appreciation rate has been 0.10%, which annualizes to a rate of 0.42%.
Notably, Marana's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Arizona, our data show that Marana's latest annual appreciation rate is higher than 70% of the other cities and towns in Arizona.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Marana differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Marana - 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 Marana real estate investment or home purchase decisions.
$492,276
for Arizona
for nation
19,949
$2,524 / per month