Marion, AL


Highest Appreciating Marion Neighborhoods Since 2000

Marion, AL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Marion Housing Market Information

With 3,447 people, 902 houses or apartments, and a median cost of homes of $86,585, house prices in Marion are solidly below the national average.

Single-family detached homes are the single most common housing type in Marion, accounting for 67.87% of the city's housing units. Other types of housing that are prevalent in Marion include mobile homes or trailers ( 12.97%), duplexes, homes converted to apartments or other small apartment buildings ( 9.71%), and a few large apartment complexes or high rise apartments ( 7.95%).

The most prevalent building size and type in Marion are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.15% owning and 47.85% renting.

There is a lot of housing in Marion built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Marion built between 1940-1969 ( 28.87%). A lesser amount of the housing stock also hails from before 1939 ( 21.51%). There's also some housing in Marion built between 2000 and later ( 4.10%).

Vacant housing appears to be an issue in Marion. Fully 24.52% of the housing stock is classified as vacant. Left unchecked, vacant Marion homes and apartments can be a drag on the real estate market, holding Marion real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Marion Home Appreciation Rates

Appreciation rates for homes in Marion have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.97%, which ranks in the top 40% nationwide. This equates to an annual average Marion house appreciation rate of 1.05%.

Over the last year, Marion appreciation rates have trailed the rest of the nation. In the last twelve months, Marion's appreciation rate has been 2.89%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Marion were at 2.19%, which equates to an annual appreciation rate of 9.03%.

Importantly, this makes Marion one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Alabama, our data show that Marion's latest annual appreciation rate is higher than 50% of the other cities and towns in Alabama.

Average Home Values


Median Home Value:


Value Range
> $1,091,000 0.0
$818,001 - $1,091,000 0.0
$545,001 - $818,000 0.0
$436,001 - $545,000 2.8
$327,001 - $436,000 1.0
$218,001 - $327,000 9.5
$109,001 - $218,000 20.4
$54,001 - $109,000 39.8
$0 - $54,000 26.6

Low for AL
Very Low for Nation

Value Relative to Nation Value Relative to State
87.8388664441712 70.0

Number Of Homes And Apartments:

Marion Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2017 Q2 - 2017 Q3
Last 12 Months:
2016 Q3 - 2017 Q3
Last 2 Years:
2015 Q3 - 2017 Q3
Last 5 Years:
2012 Q3 - 2017 Q3
Last 10 Years:
2007 Q3 - 2017 Q3
Since 2000:
2000 Q1 - 2017 Q3
48.53% 2.25% 9 5
* 10 is highest

Rent & Ownership


Average Market Rent:
$791 / per month

Homeownership Rate

Owners 52.15
Renters 47.85
Vacant 24.52

Housing Market Details


Age of Homes

2000 or Newer 4.1
1970 - 1999 45.5
1940 - 1969 28.9
1939 or Older 21.5

Types of Homes

Single-Family 67.9
Townhomes 1.5
Small Apt. Buildings 9.7
Apt. Complexes 7.9
Mobile Homes 13.0
Other 0.0

Home Size

No Bedroom 6.44
1 Bedroom 5.86
2 Bedrooms 19.08
3 Bedrooms 54.98
4 Bedrooms 11.55
5 or more bedrooms 2.09

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Zip Codes in Marion, AL