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 11,045, 5,087 total housing units (homes and apartments), and a median house value of $161,995, house prices in Marinette are some of the most affordable in Wisconsin as well as the nation.
Single-family detached homes are the single most common housing type in Marinette, accounting for 68.28% of the city's housing units. Other types of housing that are prevalent in Marinette include large apartment complexes or high rise apartments ( 13.18%), duplexes, homes converted to apartments or other small apartment buildings ( 9.90%), and a few mobile homes or trailers ( 7.18%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Marinette. Owner-occupied housing accounts for 67.86% of Marinette's homes, and 56.22% have either three or four bedrooms, which is average sized relative to America.
The housing in Marinette was primarily built before 1939 ( 36.25%), making the housing stock in Marinette some of the oldest overall in America, although there is a range of ages of homes in Marinette. The next most important housing age is between 1970-1999 ( 30.72%), followed by between 1940-1969 ( 28.53%). There's also some housing in Marinette built between 2000 and later ( 4.50%).
Appreciation rates for homes in Marinette have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 93.53%, which ranks in the top 50% nationwide. This equates to an annual average Marinette house appreciation rate of 6.83%.
NeighborhoodScout's data show that during the latest twelve months, Marinette's appreciation rate, at 7.35%, has been at or slightly above the national average. In the latest quarter, Marinette's appreciation rate has been 3.06%, which annualizes to a rate of 12.83%.
Relative to Wisconsin, our data show that Marinette's latest annual appreciation rate is lower than 60% of the other cities and towns in Wisconsin.
$161,995
for Wisconsin
for nation
5,087
$1,237 / per month