Marion, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Marion Neighborhoods Since 2000




Marion, SC 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 6,714 people, 2,367 houses or apartments, and a median cost of homes of $87,089, 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 67.85% of the city's housing units. Other types of housing that are prevalent in Marion include duplexes, homes converted to apartments or other small apartment buildings ( 22.84%), mobile homes or trailers ( 3.87%), and a few row houses and other attached homes ( 2.95%).

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 52.08% owning and 47.92% 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 ( 38.93%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.17%). There's also some housing in Marion built before 1939 ( 4.32%).

Vacant housing appears to be an issue in Marion. Fully 16.83% 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

Real estate appreciation rates in Marion's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.58% during the period.

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 0.71%, 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 1.10%, which equates to an annual appreciation rate of 4.47%.

Relative to South Carolina, our data show that Marion's latest annual appreciation rate is lower than 70% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$87,089

Marion, SC HOME PRICES

Value Range
> $1,041,000 0.3
$780,001 - $1,041,000 0.1
$520,001 - $780,000 0.1
$416,001 - $520,000 1.1
$312,001 - $416,000 0.9
$208,001 - $312,000 5.0
$104,001 - $208,000 32.0
$52,001 - $104,000 35.4
$0 - $52,000 25.0

Low for SC
Very Low for Nation

Value Relative to Nation Value Relative to State
86.0922301652408 68.0297397769517

Number Of Homes And Apartments:
2,367

Marion Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
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
13.37% 0.73% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$730 / per month

Homeownership Rate

Homeownership
Owners 52.08
Renters 47.92
Vacant 16.83

Housing Market Details

 

Age of Homes

AGE OF Marion HOMES
2000 or Newer 5.2
1970 - 1999 51.6
1940 - 1969 38.9
1939 or Older 4.3

Types of Homes

TYPE OF Marion HOMES
Single-Family 67.8
Townhomes 3.0
Small Apt. Buildings 22.8
Apt. Complexes 2.5
Mobile Homes 3.9
Other 0.0

Home Size

SIZE OF Marion HOMES
No Bedroom 1.86
1 Bedroom 7.13
2 Bedrooms 25.54
3 Bedrooms 50.11
4 Bedrooms 13.84
5 or more bedrooms 1.51