Marion, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Marion Neighborhoods Since 2000




Marion, IA 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 Q1 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 37,330 people, 14,738 houses or apartments, and a median cost of homes of $170,480, Marion real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Marion, accounting for 61.67% of the city's housing units. Other types of housing that are prevalent in Marion include large apartment complexes or high rise apartments ( 15.95%), row houses and other attached homes ( 9.73%), and a few mobile homes or trailers ( 6.62%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Marion. Owner-occupied housing accounts for 75.79% of Marion's homes, and 62.09% have either three or four bedrooms, which is average sized relative to America.

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 2000 and later ( 28.96%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.66%). There's also some housing in Marion built before 1939 ( 7.28%).

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 5.88%, which ranks in the top 40% nationwide. This equates to an annual average Marion house appreciation rate of 0.57%.

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 2.41%, 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 0.60%, which equates to an annual appreciation rate of 2.41%.

Relative to Iowa, our data show that Marion's latest annual appreciation rate is lower than 80% of the other cities and towns in Iowa.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Marion differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Marion - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Marion real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$170,480

Marion, IA HOME PRICES

Value Range
> $1,058,000 0.4
$794,001 - $1,058,000 0.1
$529,001 - $794,000 1.2
$423,001 - $529,000 1.7
$317,001 - $423,000 4.6
$212,001 - $317,000 19.3
$106,001 - $212,000 55.4
$53,001 - $106,000 10.0
$0 - $53,000 7.3

High for IA
Average for Nation

Value Relative to Nation Value Relative to State
41.485995546701 23.4567901234568

Number Of Homes And Apartments:
14,738

Marion Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
24.24% 1.27% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$817 / per month

Homeownership Rate

Homeownership
Owners 75.79
Renters 24.21
Vacant 5.72

Housing Market Details

 

Age of Homes

AGE OF Marion HOMES
2000 or Newer 29.0
1970 - 1999 41.1
1940 - 1969 22.7
1939 or Older 7.3

Types of Homes

TYPE OF Marion HOMES
Single-Family 61.7
Townhomes 9.7
Small Apt. Buildings 6.0
Apt. Complexes 16.0
Mobile Homes 6.6
Other 0.0

Home Size

SIZE OF Marion HOMES
No Bedroom 2.00
1 Bedroom 9.66
2 Bedrooms 21.38
3 Bedrooms 43.33
4 Bedrooms 18.76
5 or more bedrooms 4.87