Marion, IA housing market
The typical Marion home is worth about $280,000, up 4% in a year, 17% above the Iowa typical home. Homes typically sell in 12 days, close to asking.
Home values, sales, trends and how Marion compares with the towns next door — updated as new data is published.
Marion at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Marion | Iowa |
|---|---|---|
| 2017 | $180,000 | $147,000 |
| 2018 | $187,000 | $152,000 |
| 2019 | $193,000 | $159,000 |
| 2020 | $203,000 | $167,000 |
| 2021 | $212,000 | $179,000 |
| 2022 | $236,000 | $195,000 |
| 2023 | $252,000 | $211,000 |
| 2024 | $259,000 | $218,000 |
| 2025 | $267,000 | $228,000 |
| 2026 | $274,000 | $236,000 |
| August 2026 | $280,000 | $240,000 |
211 new homes permitted in 2025
Builders were permitted 211 new homes in Marion in 2025: 98 single-family houses and 113 in buildings with two or more homes, worth about $51.1 million to build. That's 5 per 1,000 residents, about the pace of Iowa as a whole. Over the past 10 years, Marion has permitted 2,297 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Marion gained 6,767 residents while 2,492 new homes were permitted: about 2.7 new residents per new home. Building and growth moved roughly in step. Across Iowa: 1.3 new residents per new home.
How Marion ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 130 | 90 | 40 | $37 million |
| 2025 | 211 | 98 | 113 | $51.1 million |
| 2024 | 208 | 106 | 102 | $42.6 million |
| 2023 | 109 | 89 | 20 | $12.1 million |
| 2022 | 328 | 108 | 220 | $31.7 million |
| 2021 | 233 | 203 | 30 | $26.2 million |
| 2020 | 248 | 187 | 61 | $28.6 million |
| 2019 | 212 | 146 | 66 | $24.4 million |
| 2018 | 246 | 160 | 86 | $26.4 million |
| 2017 | 269 | 170 | 99 | $29.9 million |
| 2016 | 233 | 161 | 72 | $27 million |
| 2015 | 441 | 180 | 261 | $38 million |
| 2014 | 221 | 146 | 75 | $25.8 million |
| 2013 | 247 | 184 | 63 | $28.2 million |
| 2012 | 228 | 157 | 71 | $25.2 million |
| 2011 | 201 | 128 | 73 | $20.3 million |
| 2010 | 194 | 145 | 49 | $20.6 million |
| 2009 | 218 | 143 | 75 | $22.4 million |
| 2008 | 289 | 216 | 73 | $32.4 million |
| 2007 | 324 | 213 | 111 | $33.8 million |
| 2006 | 322 | 211 | 111 | $34.8 million |
| 2005 | 547 | 311 | 236 | $56.1 million |
| 2004 | 362 | 274 | 88 | $36.2 million |
| 2003 | 626 | 254 | 372 | $47 million |
| 2002 | 697 | 224 | 473 | $40 million |
| 2001 | 376 | 189 | 187 | $28.1 million |
| 2000 | 343 | 180 | 163 | $23.8 million |
How Marion ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Marion and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Marion | $280K | +4% | $1,040 | 211 | $86,743 |
| Cedar Rapids | $212K | +2.3% | $1,110 | 511 | $70,424 |
3.2 years of income
The typical Marion home costs about 3.2 years of the town's median household income, about the same as across Iowa (3.2).
How Marion ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,040
HUD's Fair Market Rent for a two-bedroom in Marion is $1,040 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Marion pay a median of $961. A two-bedroom takes about 14% of the town's median household income.
Studio $720 · 4 bedrooms $1,740
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (52302, 52403; Cedar Rapids, IA HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Marion
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.