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 3,699 people, 1,432 houses or apartments, and a median cost of homes of $466,581, 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 83.52% 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 ( 6.91%), large apartment complexes or high rise apartments ( 4.26%), and a few row houses and other attached homes ( 4.07%).
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 75.57% of Marlboro's homes, and 71.54% 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 ( 26.98%). A lesser amount of the housing stock also hails from between 2000 and later ( 25.56%). There's also some housing in Marlboro built before 1939 ( 16.85%).
Vacant housing appears to be an issue in Marlboro. Fully 11.60% 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.
Appreciation rates for homes in Marlboro have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.92%, which ranks in the top 40% nationwide. This equates to an annual average Marlboro house appreciation rate of 7.07%.
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 2.37%, 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 1.57%, which equates to an annual appreciation rate of 6.44%.
Importantly, this makes Marlboro 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 Marlboro's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.
$466,581
for New york
for nation
1,432
$2,264 / per month