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 7,975 people, 2,820 houses or apartments, and a median cost of homes of $182,629, house prices in Marianna are solidly below the national average.
Single-family detached homes are the single most common housing type in Marianna, accounting for 75.83% of the city's housing units. Other types of housing that are prevalent in Marianna include duplexes, homes converted to apartments or other small apartment buildings ( 14.34%), large apartment complexes or high rise apartments ( 7.76%), and a few row houses and other attached homes ( 1.08%).
The most prevalent building size and type in Marianna are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 45.07% owning and 54.93% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Marianna's housing was primarily built during this period, from the '40s through the '60s. A full 39.60% of the city's housing hails from this era. Other housing ages represented in Marianna include homes built between 1970-1999 ( 33.45%) and housing constructed between 2000 and later ( 19.38%). There's also some housing in Marianna built before 1939 ( 7.57%).
Vacant housing appears to be an issue in Marianna. Fully 12.83% of the housing stock is classified as vacant. Left unchecked, vacant Marianna homes and apartments can be a drag on the real estate market, holding Marianna 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 Marianna have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 106.08%, which ranks in the top 30% nationwide. This equates to an annual average Marianna house appreciation rate of 7.50%.
NeighborhoodScout's data show that during the latest twelve months, Marianna's appreciation rate, at 4.16%, has been at or slightly above the national average. In the latest quarter, Marianna's appreciation rate has been -1.06%, which annualizes to a rate of -4.18%.
Notably, Marianna's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Marianna's latest annual appreciation rate is higher than 80% of the other cities and towns in Florida.
$182,629
for Florida
for nation
2,820
$1,459 / per month