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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 650, 337 total housing units (homes and apartments), and a median house value of $305,508, Marcy real estate prices are well above average cost compared to national prices.
Large apartment complexes or high rise apartments are the single most common housing type in Marcy, accounting for 38.28% of the town's housing units. Other types of housing that are prevalent in Marcy include single-family detached homes ( 32.34%), duplexes, homes converted to apartments or other small apartment buildings ( 24.33%), and a few row houses and other attached homes ( 5.04%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.
Marcy is dominated by renter-occupied one, two, or no bedrooms apartments. 67.66% of Marcy's dwellings are rentals.
There is a lot of housing in Marcy built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Marcy built between 2000 and later ( 25.22%). A lesser amount of the housing stock also hails from before 1939 ( 19.88%). There's also some housing in Marcy built between 1940-1969 ( 13.06%).
Appreciation rates for homes in Marcy have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.23%, which ranks in the top 40% nationwide. This equates to an annual average Marcy house appreciation rate of 6.70%.
Appreciation rates are so strong in Marcy that despite a nationwide downturn in the housing market, Marcy real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Marcy appreciation rates continue to be some of the highest in America, at 10.17%, which is higher than appreciation rates in 95.49% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Marcy. Marcy appreciation rates in the latest quarter were at 4.94%, which equates to an annual appreciation rate of 21.27%.
Importantly, this makes Marcy one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to New York, our data show that Marcy's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.
$305,508
for New york
for nation
337
$1,655 / per month