Marion, SD is an area with a strong housing market. The median value of housing in Marion is currently $239,000, which is considerably lower than the US median house value of $338,100. However, the 1 year appreciation rate for Marion homes is 12.74%, much higher than the US average of 8.27%. This indicates that Marion's housing market is growing quickly and offers potential buyers a great opportunity to invest in homes at an attractive price point.
The median home cost in Marion is $239,000. Home appreciation the last 10 years has been 95.0%. Home Appreciation in Marion is up 18.1%.
Average Age of Homes
- The median age of Marion real estate is 53 years old
The Rental Market in Marion
- Renters make up 31.0% of the Marion population
- 1.8% 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.