Marion, KY


Highest Appreciating Marion Neighborhoods Since 2000

Marion, KY 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 a population of 2,986, 1,321 total housing units (homes and apartments), and a median house value of $83,442, 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 79.27% of the city's housing units. Other types of housing that are prevalent in Marion include mobile homes or trailers ( 13.34%), duplexes, homes converted to apartments or other small apartment buildings ( 5.31%), and a few large apartment complexes or high rise apartments ( 2.09%).

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 67.62% of Marion's homes, and 53.35% 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 1940-1969 ( 40.27%). A lesser amount of the housing stock also hails from before 1939 ( 8.28%). There's also some housing in Marion built between 2000 and later ( 3.22%).

Vacant housing appears to be an issue in Marion. Fully 16.50% 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

In the last 10 years, Marion has experienced some of the highest home appreciation rates of any community in the nation. Marion real estate appreciated 15.76% over the last ten years, which is an average annual home appreciation rate of 1.47%, putting Marion in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Marion definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Marion's appreciation rate, at 3.36%, has been at or slightly above the national average. In the latest quarter, Marion's appreciation rate has been 0.56%, which annualizes to a rate of 2.24%.

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

Average Home Values


Median Home Value:


Value Range
> $1,079,000 0.0
$809,001 - $1,079,000 0.0
$539,001 - $809,000 1.2
$431,001 - $539,000 0.0
$324,001 - $431,000 1.3
$216,001 - $324,000 5.8
$108,001 - $216,000 16.5
$54,001 - $108,000 49.7
$0 - $54,000 25.6

Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
88.3569670690261 70.6766917293233

Number Of Homes And Apartments:

Marion Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
50.55% 2.40% 9 6
* 10 is highest

Rent & Ownership


Average Market Rent:
$634 / per month

Homeownership Rate

Owners 67.62
Renters 32.38
Vacant 16.50

Housing Market Details


Age of Homes

2000 or Newer 3.2
1970 - 1999 48.2
1940 - 1969 40.3
1939 or Older 8.3

Types of Homes

Single-Family 79.3
Townhomes 0.0
Small Apt. Buildings 5.3
Apt. Complexes 2.1
Mobile Homes 13.3
Other 0.0

Home Size

No Bedroom 0.51
1 Bedroom 2.78
2 Bedrooms 42.54
3 Bedrooms 40.83
4 Bedrooms 12.52
5 or more bedrooms 0.82

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Zip Codes in Marion, KY