Marlboro, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Marlboro Neighborhoods Since 2000




Marlboro, 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

Marlboro Housing Market Information

With 3,630 people, 1,415 houses or apartments, and a median cost of homes of $242,590, 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 63.06% 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 ( 22.82%), large apartment complexes or high rise apartments ( 8.34%), and a few row houses and other attached homes ( 3.47%).

The most prevalent building size and type in Marlboro are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 60.49% owning and 39.51% renting.

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 ( 30.68%). A lesser amount of the housing stock also hails from before 1939 ( 19.48%). There's also some housing in Marlboro built between 2000 and later ( 10.59%).

Vacant housing appears to be an issue in Marlboro. Fully 13.88% 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.

Marlboro Home Appreciation Rates

Homes have actually lost value in Marlboro over the last then years, as home values have seen a decline of 27.18% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Marlboro home appreciation rates at -2.15%, which equates to an annual appreciation rate of -8.33%.

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 -0.01%, 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 -2.15%, which equates to an annual appreciation rate of -8.33%.

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

Relative to New York, our data show that Marlboro's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$242,590

Marlboro, NY HOME PRICES

Value Range
> $970,000 3.4
$728,001 - $970,000 2.7
$485,001 - $728,000 7.5
$388,001 - $485,000 3.4
$291,001 - $388,000 15.0
$194,001 - $291,000 36.7
$97,001 - $194,000 24.0
$49,001 - $97,000 3.9
$0 - $49,000 3.3

High for NY
High for Nation

Value Relative to Nation Value Relative to State
23.6669401148482 38.047138047138

Number Of Homes And Apartments:
1,415

Marlboro 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
32.31% 1.64% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,155 / per month

Homeownership Rate

Homeownership
Owners 60.49
Renters 39.51
Vacant 13.88

Housing Market Details

 

Age of Homes

AGE OF Marlboro HOMES
2000 or Newer 10.6
1970 - 1999 39.3
1940 - 1969 30.7
1939 or Older 19.5

Types of Homes

TYPE OF Marlboro HOMES
Single-Family 63.1
Townhomes 3.5
Small Apt. Buildings 22.8
Apt. Complexes 8.3
Mobile Homes 2.3
Other 0.0

Home Size

SIZE OF Marlboro HOMES
No Bedroom 0.00
1 Bedroom 23.07
2 Bedrooms 18.14
3 Bedrooms 38.28
4 Bedrooms 17.77
5 or more bedrooms 2.74