The housing market in the Marion, OH Metro Area is doing very well. The median value of a house in the area is $145,600, which is significantly lower than the national median at $338,100. Over the course of the last year, appreciation for homes have also been strong with an 11.04% increase compared to the 8.27% increase seen nationally over the same time period. This makes property in Marion a great investment option as it offers higher returns at a more affordable price point than other parts of the country.
The median home cost in Marion Metro Area is $145,600. Home appreciation the last 10 years has been 89.4%. Home Appreciation in Marion Metro Area is up 16.5%.
Average Age of Homes
- The median age of Marion Metro Area real estate is 56 years old
The Rental Market in Marion Metro Area
- Renters make up 27.9% of the Marion Metro Area population
- 0.8% of houses and apartments in Marion Metro Area, 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.