Marion, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Marion, WI 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 1,220 people, 504 houses or apartments, and a median cost of homes of $134,529, 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 80.55% of the city's housing units. Other types of housing that are prevalent in Marion include large apartment complexes or high rise apartments ( 8.43%), duplexes, homes converted to apartments or other small apartment buildings ( 6.37%), and a few mobile homes or trailers ( 2.58%).

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 66.87% of Marion's homes, and 60.24% 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 ( 28.23%). A lesser amount of the housing stock also hails from before 1939 ( 23.75%). There's also some housing in Marion built between 2000 and later ( 4.82%).

Vacant housing appears to be an issue in Marion. Fully 13.25% 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 0.80%, which ranks in the top 50% nationwide. This equates to an annual average Marion house appreciation rate of 0.08%.

Appreciation rates are so strong in Marion that despite a nationwide downturn in the housing market, Marion real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Marion appreciation rates continue to be some of the highest in America, at 6.17%, which is higher than appreciation rates in 75.51% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Marion. Marion appreciation rates in the latest quarter were at 0.52%, which equates to an annual appreciation rate of 2.09%.

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

Average Home Values

 

Median Home Value:
$134,529

Marion, WI HOME PRICES

Value Range
> $1,099,000 0.0
$824,001 - $1,099,000 0.5
$550,001 - $824,000 0.8
$439,001 - $550,000 0.7
$330,001 - $439,000 3.0
$220,001 - $330,000 11.6
$110,001 - $220,000 41.9
$55,001 - $110,000 33.8
$0 - $55,000 7.7

Very Low for WI
Average for Nation

Value Relative to Nation Value Relative to State
57.3655220907067 81.9301848049281

Number Of Homes And Apartments:
504

Marion Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
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
29.36% 1.50% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$716 / per month

Homeownership Rate

Homeownership
Owners 66.87
Renters 33.13
Vacant 13.25

Housing Market Details

 

Age of Homes

AGE OF Marion HOMES
2000 or Newer 4.8
1970 - 1999 43.2
1940 - 1969 28.2
1939 or Older 23.8

Types of Homes

TYPE OF Marion HOMES
Single-Family 80.6
Townhomes 2.1
Small Apt. Buildings 6.4
Apt. Complexes 8.4
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Marion HOMES
No Bedroom 0.00
1 Bedroom 6.37
2 Bedrooms 32.87
3 Bedrooms 40.79
4 Bedrooms 19.45
5 or more bedrooms 0.52

Popular Neighborhoods in Marion

Zip Codes in Marion, WI