The housing market in Marlborough, MO is doing well. The median value of a house in this area is $194,600 which is significantly less than the US median value of $338,100. Despite this difference, the 1 year appreciation rate for houses in this region has been 7.74%, just slightly lower than the US average of 8.27%. This suggests that there is a strong demand for housing in Marlborough and that it is a great investment opportunity for those looking to buy or rent property here.
The median home cost in Marlborough is $194,600. Home appreciation the last 10 years has been 68.8%. Home Appreciation in Marlborough is up 11.4%.
Average Age of Homes
- The median age of Marlborough real estate is 48 years old
The Rental Market in Marlborough
- Renters make up 83.2% of the Marlborough population
- 3.1% of houses and apartments in Marlborough, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.