The Most Affordable Neighborhoods in Marion, MI by Home Value

 

Marion, MI Map of Most Affordable Neighborhoods
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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 $94,318, lower than the Michigan average of $196,062.

The average cost of rent is $710/mo in Marion, primarily driven by the current value of real estate in the Marion area. While nearly 48.44% of residents own their homes outright in Marion, 12.00% rent.

Housing affordability isn’t just about home prices, though. The average household income in Marion is $3,786 per month. Households that rent pay about 18.76% of their income on rent here. Marion's most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the city.


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