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 2,467, 936 total housing units (homes and apartments), and a median house value of $189,004, house prices in Marcus Hook are solidly below the national average.
Row houses and other attached homes are the single most common housing type in Marcus Hook, accounting for 55.56% of the borough's housing units. Other types of housing that are prevalent in Marcus Hook include duplexes, homes converted to apartments or other small apartment buildings ( 32.44%), single-family detached homes ( 7.04%), and a few large apartment complexes or high rise apartments ( 4.96%). Boroughs with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact boroughs that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
The most prevalent building size and type in Marcus Hook are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The borough has a mixture of owners and renters, with 35.79% owning and 64.21% renting.
The housing in Marcus Hook was primarily built before 1939 ( 44.05%), making the housing stock in Marcus Hook some of the oldest overall in America, although there is a range of ages of homes in Marcus Hook. The next most important housing age is between 1940-1969 ( 39.58%), followed by between 1970-1999 ( 14.98%). There's also some housing in Marcus Hook built between 2000 and later ( 1.39%).
In the last 10 years, Marcus Hook has experienced some of the highest home appreciation rates of any community in the nation. Marcus Hook real estate appreciated 117.41% over the last ten years, which is an average annual home appreciation rate of 8.08%, putting Marcus Hook in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Marcus Hook definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Marcus Hook that despite a nationwide downturn in the housing market, Marcus Hook real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Marcus Hook appreciation rates continue to be some of the highest in America, at 5.54%, which is higher than appreciation rates in 72.07% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Marcus Hook. Marcus Hook appreciation rates in the latest quarter were at 0.96%, which equates to an annual appreciation rate of 3.90%.
Relative to Pennsylvania, our data show that Marcus Hook's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.
One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Marcus Hook differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Marcus Hook - 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 Marcus Hook real estate investment or home purchase decisions.
$189,004
for Pennsylvania
for nation
936
$1,672 / per month