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Affordable
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These days, finding an affordable place to live in the Marion area can be challenging. Home prices in Marion are now at a median cost of $190,843, lower than the Alabama average of $228,911.
The average cost of rent is $632/mo in Marion, primarily driven by the current value of real estate in the Marion area. In Marion, 27.23% of households rent, and 66.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Marion is $3,223 per month. Households that rent pay about 19.62% of their income on rent here. Marion’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sprott, AL: less expensive homes
- Hamburg, AL: less expensive homes
- Levert, AL: less expensive homes
- Suttle, AL: less expensive homes
- Osborn, AL: less expensive homes
- Newbern, AL: less expensive homes
- Perryville, AL: less expensive homes
- Greensboro, AL: less expensive homes
- Summerfield, AL: less expensive homes
- Sawyerville, AL: less expensive homes
Cities with Similar Populations
- Fremont, NC: less expensive homes
- North Salem, NY: higher priced homes
- Mount Jackson, VA: higher priced homes
- Parma, MI: higher priced homes
- Richmond, VT: higher priced homes
- Rolling Hills Estates, CA: higher priced homes
- Hamilton, VA: higher priced homes
- Garland, UT: higher priced homes
- Eleva, WI: higher priced homes
- Comer, GA: higher priced homes
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