The housing market in Marion, LA is relatively affordable compared to the national median value of $338,100. The median value of homes in Marion stands at just under $97,000. Home appreciation in Marion has seen an increase of 7.40% over the past year which is slightly lower than the national average of 8.27%. This presents an opportunity for buyers looking for more affordable options while still benefiting from house appreciation.
The median home cost in Marion is $97,000. Home appreciation the last 10 years has been 40.8%. Home Appreciation in Marion is up 10.1%.
Average Age of Homes
- The median age of Marion real estate is 43 years old
The Rental Market in Marion
- Renters make up 30.2% of the Marion population
- 1.9% 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.