The housing market in Marion, IA is considerably lower than the US median value of $338,100. However, even with the relatively low median house value, Marion has seen a 4.76% appreciation rate over the past year. This is significantly lower than the US's 8.27% appreciation rate, but still reflects an overall positive trend for Marion's housing market. Furthermore, with a median value of $232,000 for homes in Marion, IA it provides an affordable opportunity to buy into the market at this time.
The median home cost in Marion is $232,000. Home appreciation the last 10 years has been 52.9%. Home Appreciation in Marion is up 11.4%.
Average Age of Homes
- The median age of Marion real estate is 26 years old
The Rental Market in Marion
- Renters make up 23.5% of the Marion population
- 1.1% 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.