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Zip Code
49855
City
Marquette, MI
Aterio Score™
636
out of 1,000 pts
State highest score is
730
National highest score is
870
Census 2010
33561
Census 2020
32863
Forecasted population 2025
33616
Forecasted population 2026
33719
Forecasted population 2027
33850
Forecasted population 2028
34009
Forecasted population 2029
34197
Forecasted population 2030
34415
The population in the US is expected to grow 4.7% between 2020 and 2030 or 0.6% per year. Neighborhoods or municipalities with growths above 4.7% for the next 10 years will have a positive effect on the score.
Any growth above 10% should create imbalances between supply and demand in the area creating strong signals for investment opportunities.
Aterio's Adjusted Growth
Coming soon
Growth rate 2020 to 2025
0.022911115
Growth rate 2025 to 2030
0.023762567
Expected growth rate from 2020 to 2030
Coming soon
Aterio's Adjusted Growth is a specialized metric that refines growth projections by incorporating historical growth information and projections, as well as migration data extracted from the USPS. This comprehensive approach offers a more precise indicator of expected growth, enhancing accuracy in predicting demographic and economic changes within a given area.
Average Property price latest Month
$342,080
Average Property price 6 months ago
$329,195
Average Property price 12 months ago
$315,798
Average number of days of a property in the market
Coming soon
Total number of home for sales abandoned
Coming soon
The average number of days a property spends on the market refers to the typical length of time it takes for properties to be sold. A higher average indicates that properties are staying on the market for longer periods, often suggesting lower demand and potentially unfavorable market conditions for sellers.
The total number of abandoned home sales refers to the count of properties that were listed for sale but ultimately left unsold, showcasing a lack of buyer interest or demand. A higher count of abandoned sales typically reflects diminished demand for those properties and can indicate a sluggish or unfavorable real estate market for sellers.
Price speed change rate
0.040234317
Price direction
1.0391398
The speed of change in prices is an important indicator of market volatility and can be used to help investors make decisions about buying or selling assets
In general, when there is a strong price direction, it is more likely that the speed of change will be faster. This is because the momentum behind the price movement is greater, and there may be more market participants who are eager to buy or sell at the prevailing prices.
Home Value Relative Strength Index
98.738660399
Home Value Volatility Score Last 24 Months
52.085396972
Average annual mortgage rate in the US for 30 years
0.0703
Estimated installment price
$2,283
Rent value latest month
$1,237
Rent RSI Score
66.295203656
Rent Volatility Score Last 24 Months
68.295601334
Rental mortgage rate
0.541862684 times
Rental price trend for the last 12 months, 6 months and last month. Available with a free account.
AVERAGE PROPERTY PRICE LATEST MONTH
$624,116
CHANGE IN LISTING PRICE YEAR OVER YEAR
0.0062
AVERAGE LISTING PRICE PER SQUARE FOOT
$289
DAYS ON MARKET
40
ACTIVE LISTINGS
83
Average Property price latest Month
$342,080
CHANGE IN LISTING PRICE YEAR OVER YEAR
Coming soon
AVERAGE LISTING PRICE PER SQUARE FOOT
Coming soon
DAYS ON MARKET
Coming soon
ACTIVE LISTINGS
Coming soon
Housing units available in 2020
15078
Housing units available in 2021
15019
Estimated Housing units needed 2030
15790
Deficit or excess inventory
712
When there is a deficit of houses available in the market, it typically leads to an increase in home prices. This is because the demand for homes exceeds the supply, which creates a competitive bidding environment. As a result, buyers are willing to pay more to secure a home, driving up the prices.
Vacancy rate is 10.1% in the United States in the fourth quarter of 2022.
Low levels of vacancy rate signals a need for additional units in a market and a difference in supply and demand where demand is most likely not meet.
Homes in construction in the next 5 years
Coming soon
Total housing units (most recent data)
16050
Occupied housing units by owners
8579
Occupied housing units by renters
6037
Total Vacancy rate
0.089345794
Rental Vacancy rate
0.016
Number of business establishments in 2020
1034
YOY GDP Growth
0.17431574
YOY GDP Growth for Retail
0.181948527
YOY GDP Growth for construction
0.216652265
YOY GDP Growth for Real Estate
0.080348041
Retailtainment is a term used to describe the practice of combining retail shopping with entertainment experiences to create a more engaging and immersive shopping environment. The concept of retailtainment is based on the idea that people are looking for more than just a place to buy products; they want an experience that is fun, interactive, and memorable.
Universities attract a large number of employees and students who need housing. This creates demand for real estate in the surrounding area, which can lead to an increase in real estate prices, provides stability to the local economy, and attract investment from wealthy individuals and organizations.
People over 16 years old
30134
People in labor force
18336
civilian employed
17564
civilian unemployed
738
People marked as armed employed
34
% of Army employed Vs Civilian Employed
0.001854276
The Number of Armed Forces Employees signifies both potential advantages and vulnerabilities. Proximity to military bases enhances employment and safety in nearby ZIP codes, but reliance on military activity can create economic risks if bases shut down. It's noteworthy that armed forces employees are concentrated in a minority of ZIP codes, leaving most areas unaffected by this indicator's dynamics.
Average of household income in 2021
$73,913
Affordability index
4
Household debt as % of Income in 2020
1.28
Household debt as % of Income in 2021
1.28
Rate of the previous household debt to income in 2021 vs 2020
NA
Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years.
3 years or below is affordable, 3.1 to 5.0 is moderate and above 5.1 unaffordable. In 2021 Pittsburgh was 2.7 and San Francisco was 11.8.
Household debt can affect the ability of individuals to make mortgage payments, which can impact the foreclosure rate and the number of distressed properties on the market. If a large number of homeowners default on their mortgages, it can lead to an increase in foreclosures and distressed properties, which can put downward pressure on real estate prices.
% of HouseHolds making less than 50K
0.466
% of HouseHolds making between 50K and 75K
0.206
% of HouseHolds making between 75K and 100K
0.133
% of HouseHolds making between 100K and 200K
0.158
% of HouseHolds making more than 200K
0.038
These household income percentage indicators are derived from IRS data and offer insights into income distribution. They provide a snapshot of economic diversity within a population, highlighting the proportions of households across different income ranges, which can be valuable for assessing community prosperity and socio-economic trends.
Unemployment rate
0.040248691
Unemployment rate for county last 6 months
0.057333333
Unemployment rate for county latest month
0.052
% of Homes Owner-occupied
0.586959496
US unemployment rate is at 3.4% for April 2023. High levels of unemployment can reduce the number of potential buyers in the market, as individuals who are unemployed or underemployed may not have the income or financial stability to purchase a home. This can lead to a decrease in demand for real estate, which can cause real estate prices to fall.
Owner-occupied housing rate in the US for 2021 was 64.6%. Homeowners are more likely to invest in their homes and the surrounding community, which can lead to improvements in infrastructure, schools, and other amenities. This can make the area more attractive to potential buyers and investors, which can further increase demand for real estate and real estate prices.
% of mortgage defaults in 2019
0.035608309
% of mortgage defaults in 2020
NA
% of mortgage defaults in 2021
0.011869436
Mortgage default rates indicate the percentage of homeowners who fail to make timely mortgage payments, reflecting financial instability. These rates are crucial metrics as they inform investors about potential risks associated with a market. High default rates can signal economic challenges and impact property values, influencing investment decisions and risk assessments.
Violent Crimes ( % above or Below US average)
-0.254271621
Property Crimes ( % above or Below US average)
-0.164245931
Total number of violations
318
+30%
244 US average
Total number of health violations
5
-77%
22 US average
Total number of contaminations
77
+221%
24 US average
