The housing market in Marcellus, NY is thriving and is a great place to invest. The median value of homes in Marcellus is $274,700, which is lower than the US median of $338,100. Over the past year, the appreciation for homes in Marcellus increased by 9.97%, higher than the US 1 year appreciation rate of 8.27%. This means that those who invested in housing in Marcellus are more likely to have seen an increase in their home's value compared to other areas within the US.
The median home cost in Marcellus is $274,700. Home appreciation the last 10 years has been 65.2%. Home Appreciation in Marcellus is up 18.8%.
Average Age of Homes
- The median age of Marcellus real estate is 52 years old
The Rental Market in Marcellus
- Renters make up 16.5% of the Marcellus population
- 0.6% of houses and apartments in Marcellus, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.