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 3,699, 1,517 total housing units (homes and apartments), and a median house value of $338,333, Marlboro real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Marlboro, accounting for 75.36% of the town's housing units. Other types of housing that are prevalent in Marlboro include duplexes, homes converted to apartments or other small apartment buildings ( 13.19%), large apartment complexes or high rise apartments ( 6.33%), and a few row houses and other attached homes ( 3.31%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Marlboro. Owner-occupied housing accounts for 70.65% of Marlboro's homes, and 68.10% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Marlboro 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 Marlboro built between 1940-1969 ( 25.22%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.65%). There's also some housing in Marlboro built before 1939 ( 18.59%).
Vacant housing appears to be an issue in Marlboro. Fully 11.85% of the housing stock is classified as vacant. Left unchecked, vacant Marlboro homes and apartments can be a drag on the real estate market, holding Marlboro 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 Marlboro's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.95% during the period.
Over the last year, Marlboro appreciation rates have trailed the rest of the nation. In the last twelve months, Marlboro's appreciation rate has been 1.24%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Marlboro were at 0.70%, which equates to an annual appreciation rate of 2.82%.
Relative to New York, our data show that Marlboro's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.
$338,333
for New york
for nation
1,517
$1,963 / per month