Marcellus, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Marcellus Neighborhoods Since 2000




Marcellus, NY Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Marcellus Housing Market Information

With 1,773 people, 762 houses or apartments, and a median cost of homes of $174,774, Marcellus real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Marcellus, accounting for 50.63% of the village's housing units. Other types of housing that are prevalent in Marcellus include large apartment complexes or high rise apartments ( 31.75%), duplexes, homes converted to apartments or other small apartment buildings ( 16.38%).

People in Marcellus primarily live in small (one, two or no bedroom) single-family detached homes. Marcellus has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Marcellus's housing was primarily built during this period, from the '40s through the '60s. A full 41.38% of the village's housing hails from this era. Other housing ages represented in Marcellus include homes built before 1939 ( 30.75%) and housing constructed between 1970-1999 ( 20.00%). There's also some housing in Marcellus built between 2000 and later ( 7.88%).

Marcellus Home Appreciation Rates

Appreciation rates for homes in Marcellus have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.50%, which ranks in the top 50% nationwide. This equates to an annual average Marcellus house appreciation rate of 0.15%.

Over the last year, Marcellus appreciation rates have trailed the rest of the nation. In the last twelve months, Marcellus's appreciation rate has been -2.40%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Marcellus were at -1.68%, which equates to an annual appreciation rate of -6.55%.

Notably, Marcellus's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that Marcellus's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$174,774

Marcellus, NY HOME PRICES

Value Range
> $1,002,000 0.3
$752,001 - $1,002,000 0.0
$501,001 - $752,000 0.5
$401,001 - $501,000 0.5
$301,001 - $401,000 6.5
$200,001 - $301,000 23.0
$100,001 - $200,000 61.7
$50,001 - $100,000 6.1
$0 - $50,000 1.4

Average for NY
High for Nation

Value Relative to Nation Value Relative to State
39.9742177428806 50.280583613917

Number Of Homes And Apartments:
762

Marcellus Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
44.58% 2.16% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$847 / per month

Homeownership Rate

Homeownership
Owners 58.79
Renters 41.21
Vacant 4.75

Housing Market Details

 

Age of Homes

AGE OF Marcellus HOMES
2000 or Newer 7.9
1970 - 1999 20.0
1940 - 1969 41.4
1939 or Older 30.8

Types of Homes

TYPE OF Marcellus HOMES
Single-Family 50.6
Townhomes 0.6
Small Apt. Buildings 16.4
Apt. Complexes 31.8
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Marcellus HOMES
No Bedroom 0.75
1 Bedroom 24.13
2 Bedrooms 25.00
3 Bedrooms 26.50
4 Bedrooms 18.13
5 or more bedrooms 5.50