The housing market in Marion, VA is thriving. Median value of homes in the area has increased from $140,500 to a current estimated value of $158,492, representing an appreciation of 13.65% over the last year alone. This is significantly higher than the national average of 8.27%. With such a healthy increase in home values, now is a great time for those looking to buy or sell a home in Marion, VA.
The median home cost in Marion is $140,500. Home appreciation the last 10 years has been 57.2%. Home Appreciation in Marion is up 16.2%.
Average Age of Homes
- The median age of Marion real estate is 55 years old
The Rental Market in Marion
- Renters make up 39.5% of the Marion population
- 3.5% 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.