The housing market in Marion, MS is thriving. The median value for a house there is $158,800, which is significantly less than the US House Median Value of $338,100. Over the past year, the US House Appreciation rate was 8.27%, but in Marion it was even higher at 12.50%. This higher appreciation rate indicates that there is strong demand for housing in Marion and prices are rising rapidly. With this positive outlook and attractive price points compared to other parts of the country, it makes sense why people would be considering buying a home in Marion.
The median home cost in Marion is $158,800. Home appreciation the last 10 years has been 51.9%. Home Appreciation in Marion is up 14.5%.
Average Age of Homes
- The median age of Marion real estate is 33 years old
The Rental Market in Marion
- Renters make up 55.0% of the Marion population
- 3.7% 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.