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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 13,596 people, 5,105 houses or apartments, and a median cost of homes of $201,835, 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 77.88% of the city's housing units. Other types of housing that are prevalent in Marion include large apartment complexes or high rise apartments ( 18.47%), duplexes, homes converted to apartments or other small apartment buildings ( 1.91%), and a few row houses and other attached homes ( 1.39%).
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 70.48% of Marion's homes, and 69.23% 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 ( 43.18%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.21%). There's also some housing in Marion built before 1939 ( 1.43%).
Marion's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Marion during the period has been just 4.58%, which is lower than 80% of US communities.
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 3.53%, 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 0.51%, which equates to an annual appreciation rate of 2.05%.
Notably, Marion's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Arkansas, our data show that Marion's latest annual appreciation rate is lower than 80% of the other cities and towns in Arkansas.
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.
$201,835
for Arkansas
for nation
5,105
$1,658 / per month