Sitting in the midst of rolling hills and beautiful lakes Marble Falls, Tx is surrounded by the pristine beauty of Mother Nature. On the banks of the mighty Colorado River, Marble Falls is close to the busy Austin Texas. It offers tranquil and serene settings ideal for those who love the warmth of nature, while staying away from the hustle bustle of the metropolitan city like Austin. Austin isabout 45 miles away. Many people who work in Austin are commuting every day from this beautiful town. The low level of population, availability of appropriate infrastructure like educational institutions, medical care, and relatively low levels of pollution have brought Marble Falls Real Estate into focus and 2013 is witnessing a huge surge in the median prices.
History of Marble Falls
The origin of Marble Falls dates back to 1887. Gen. Adam Rankin Johnson founded this city along the mighty Colorado River. The city derives its name from water that flows over lime shelves hardened by time and resembling marble. Post construction of the Max Starcke Dam, Marble Falls was rechristened as Lake Marble Falls. In modern times, Marble Falls is popular for its granite quarries and tourism. The ‘Sunset Red Granite’ used in constructing the Texas Capitol building came from Marble Falls. Apart from gaining popularity as a sought after tourist destination, Marble Falls is also well known for its vineyards and Wineries around the Hill County of Texas. To understand Marble Falls from a visitor’s perspective please go here.
Marble Falls from which the town derives its name is today submerged. This consequent to the construction of the Max Stracke Dam (1951). It does gets revealed at an interval of a few years when the lake gets lowered for cleaning. The modern day town sits on the embankment of Lake Marble Falls. The Western edge of the town is also famous for its Granite Mountain that holds significant reserves of the well known pink granite. Many prominent buildings in Texas have used the pink granite in their construction and thus sort of immortalized Marble Falls into history.
As at 2012 the city enjoys a population of about 20,000 spread over an area of about 7 square kilometers. You can learn more about other related facts about Marble Falls here. Majority of the residents here are small families with 2 or 3 members in each household.
Marble Falls Real Estate Market Statistic Summary
Most homes in Marble Falls were built after 1960. The majority of them belong to the period 1980 to 2012. About 12% of all homes are below 1000 sq.ft while about 70% are between 1000 and 2400 sq.ft Larger homes between 2400 and 3600 sq ft make up about 15% and about 4% are more than 3600 sq ft.
The average cost of new construction single family homes has steadily moved up from 119,000 in 1997 to 270,000 in 2012. 2013 has witnessed some significant activity in the Marble Falls real estate scene with the median price moving from $160,000 in February to $230,000 in May.
The median rent stood at $850 in 2012 and has experienced a steady upward trend in recent times. The median list price of homes for sale in Marble Falls indicate about 15% drop on a YoY basis. Things are heating up, the price curve currently going up. Similarly, the average property tax is about $4,000 which is nearly twice the national average. About 50% of the available homes were occupied by renters while the other 50% were occupied by the owners.
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