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 23,047 people, 7,760 houses or apartments, and a median cost of homes of $736,011, real estate costs in Marina are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.
Single-family detached homes are the single most common housing type in Marina, accounting for 51.92% of the city's housing units. Other types of housing that are prevalent in Marina include large apartment complexes or high rise apartments ( 23.55%), duplexes, homes converted to apartments or other small apartment buildings ( 12.47%), and a few row houses and other attached homes ( 6.73%).
The most prevalent building size and type in Marina are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 39.72% owning and 60.28% renting.
There is a lot of housing in Marina 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 Marina built between 1940-1969 ( 25.13%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.18%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Marina, where house values have increased just 51.25%, which is annualized rate of 4.22%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Marina appreciation rates have trailed the rest of the nation. In the last twelve months, Marina's appreciation rate has been -14.38%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Marina were at -10.63%, which equates to an annual appreciation rate of -36.21%.
Notably, Marina's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Marina's latest annual appreciation rate is lower than 90% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Marina differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Marina - 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 Marina real estate investment or home purchase decisions.
$736,011
for California
for nation
7,760
$3,111 / per month