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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 $135,266, lower than the Michigan average of $250,415.
The average cost of rent is $828/mo in Marion, primarily driven by the current value of real estate in the Marion area. In Marion, 12.66% of households rent, and 52.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Marion is $4,248 per month. Households that rent pay about 19.49% of their income on rent here. Marion’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pisgah Heights, MI: higher priced homes
- Vogel Center, MI: equally priced homes
- Temple, MI: equally priced homes
- Ina, MI: higher priced homes
- McBain, MI: higher priced homes
- Falmouth, MI: higher priced homes
- Prosper, MI: higher priced homes
- Evart, MI: equally priced homes
- Lake George, MI: equally priced homes
- Sears, MI: equally priced homes
Cities with Similar Populations
- Beulah, FL: higher priced homes
- Poultney, VT: higher priced homes
- Redfield, SD: less expensive homes
- Alta, IA: higher priced homes
- Moundridge, KS: higher priced homes
- Larsen, WI: higher priced homes
- Hopetown, OH: higher priced homes
- Gerrardstown, WV: higher priced homes
- Townsend, GA: higher priced homes
- Edgerton, KS: higher priced homes
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