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 $284,529, Marcy real estate and house prices are near the national average for all cities and towns.
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%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and 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%).
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 5.79% during the period.
Over the last year, Marcy appreciation rates have trailed the rest of the nation. In the last twelve months, Marcy's appreciation rate has been 0.67%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Marcy were at -4.59%, which equates to an annual appreciation rate of -17.15%.
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 lower than 90% of the other cities and towns in New York.
$284,529
for New york
for nation
337
$1,759 / per month