Dashboard: Marysville

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Demographics1
 2000  2010 2013 2014 2015
Population2 25,315 60,020 62,100 62,600  64,140
Housing Units 9,699 21,797 22,846 23,618  23,700
Renter Households 37% 31% 29.9% 31.1%  33%
Median Household Income (2015 dollars)  $65,255 $70,478 $66,640 $64,845  $65,434
Households <50% AMI 14.8% 32.1% 32% 32.5%  31%
Cost-Burdened Homeowners 28.8% 41% 36.6% 34.9%  22.0%
Cost-Burdened Renters 39.2% 50.3% 56.6% 55.9%  54.2%
Average Household Size: Homeowners 2.9 2.8 2.7 2.7  2.75
Average Household Size: Renters 2.3 2.8 2.9 2.9  2.89
Single Family Home Share 61.4% 78.7% 79.3% 79.4%  79%
Single Person Households 23.8% 23.6% 23.3% 23.5%  22.6%
Jobs-Total Housing Ratio 0.86 0.52 0.57
Jobs-Occupied Housing Ratio 0.88 0.55 0.60
Employed Residents/Occupied Housing Unit 1.26 1.28 1.24
Location Affordability Index

HUD’s Location Affordability Index provides estimates on the typical cost of housing and transportation combined in a given location balancing a wide range of factors. These estimates are expressed in terms of a share of household income, with 45% as the recommended maximum portion of income devoted to the two. Estimates of what several types of households could expect to spend on housing and transportation in the City of Marysville are as follows:

  • Regional median income household – 49.9% of income
  • Family at 80% AMI – 55.6% of income
  • Single parent family at 50% AMI – 78.3% of income
  • Retired couple at 80% AMI – 49% of income
  • Individual at national poverty line – 174% of income
Typical Housing Costs – All Households3
 2000  2010  2013 2014 2015
Median Rent (2015 dollars)  $1,003  $1,108  $1,178 $1,161  $1,191
Required Income $40,133  $44,301 $47,122 $46,450
Median Home Value (2015 dollars) $248,062  $300,081  $240,833 $231,243  $231,180
Required Income4 $64,115  $59,382  $48,594 $45,836
Ratio: Median Value-Median HH Income 3.8 4.3 3.6 3.6
Assisted Housing Stock
2003 2007 2010 2013 2014 2015
All Assisted Housing Units 1,723
Section 8 Housing Choice Vouchers: HASCO  434 431 446 403 402 443
Section 8 Housing Choice Vouchers: EHA 92 162
Market Information

The table below differs from the “Typical Housing Costs” table in that it specifically shows rents and home prices for new renters or homebuyers in that year, as opposed to values for the entire market as in “Typical Housing Costs”.

2010 2013 2014 2015 2016 2017
Median Rents – Dupre and Scott (2015 Dollars)
     Studio No Data No Data No Data  No Data
     One Bedroom  $768  $756  $750  $812
     Two Bedrooms  $907  $892  $885  $979
     Three Bedrooms  $1,229  $1,317  $1,307  $1,519
     Four+ Bedrooms  $1,741  $2,016  $2,000  $1,719
Median Home Sale (2015 Dollars)  $236,749  $216,658  $217,735  $255,000  $258,217
     Required Income  $51,271  $43,716  $43,158  $50,621


1. Unless otherwise noted, 2010 and 2013 data in “Demographics” table is from 5 year US Census American Community Survey estimate. Data from 2000 is from the 2000 Census SF-3 file.
2. Washington State Office of Financial Management
3. Unless otherwise noted, 2010 and 2013 data in “Typical Housing Costs” table is from 5 year US Census American Community Survey estimate. Data from 2000 is from the 2000 Census SF-3 file.
4. Minimum income is based on a calculation of estimated monthly debt service payment, insurance, and taxes for the median value home using average mortgage terms for the specified year from the Federal Housing Finance Agency. Due to differences in average mortgage terms over the years, the degree of change in minimum income may not seem to match the degree of change in median home value.

 

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