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
With 9,009 people, 1,489 houses or apartments, and a median cost of homes of $186,093, Marcy real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Marcy, accounting for 79.27% of the town's housing units. Other types of housing that are prevalent in Marcy include duplexes, homes converted to apartments or other small apartment buildings ( 11.11%), large apartment complexes or high rise apartments ( 2.35%), and a few mobile homes or trailers ( 1.55%).
The most prevalent building size and type in Marcy are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.08% owning and 42.92% renting.
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 before 1939 ( 30.39%). A lesser amount of the housing stock also hails from between 1940-1969 ( 26.23%). There's also some housing in Marcy built between 2000 and later ( 7.15%).
Vacant housing appears to be an issue in Marcy. Fully 22.78% of the housing stock is classified as vacant. Left unchecked, vacant Marcy homes and apartments can be a drag on the real estate market, holding Marcy real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Marcy's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.18% during the period.
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 5.81%, which is higher than appreciation rates in 72.39% 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 -4.90%, which equates to an annual appreciation rate of -18.20%.
Notably, Marcy's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Marcy's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.
|$789,001 - $1,053,000||0.0|
|$527,001 - $789,000||5.1|
|$421,001 - $527,000||0.7|
|$316,001 - $421,000||8.3|
|$211,001 - $316,000||21.2|
|$105,001 - $211,000||42.0|
|$53,001 - $105,000||18.3|
|$0 - $53,000||4.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Marcy HOMES|
|2000 or Newer||7.1|
|1970 - 1999||36.2|
|1940 - 1969||26.2|
|1939 or Older||30.4|
|TYPE OF Marcy HOMES|
|Small Apt. Buildings||11.1|
|SIZE OF Marcy HOMES|
|5 or more bedrooms||3.53|