Marion, IL is a great place to live due to its affordable housing. The median value of homes in Marion is $137,500, which is significantly lower than the national median of $338,100. Additionally, the one year appreciation rate of homes in Marion was 8.05%, which is slightly lower than the national rate of 8.27%. This means that homeowners in Marion can expect their home values to continue to increase over time. Overall, living in Marion provides an excellent opportunity for buyers looking for an affordable home with good potential for appreciation.
The median home cost in Marion is $137,500. Home appreciation the last 10 years has been 35.3%. Home Appreciation in Marion is up 14.3%.
Average Age of Homes
- The median age of Marion real estate is 39 years old
The Rental Market in Marion
- Renters make up 34.0% of the Marion population
- 4.3% of houses and apartments in Marion, 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.