Marion, IL housing market
The typical Marion home is worth about $182,000, up 2.5% in a year, 39% below the Illinois typical home. Homes typically sell in 45 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 balanced market
About 4.6 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Marion | Illinois |
|---|---|---|
| 2017 | $124,000 | $181,000 |
| 2018 | $128,000 | $190,000 |
| 2019 | $125,000 | $195,000 |
| 2020 | $137,000 | $200,000 |
| 2021 | $146,000 | $215,000 |
| 2022 | $158,000 | $236,000 |
| 2023 | $165,000 | $248,000 |
| 2024 | $172,000 | $263,000 |
| 2025 | $177,000 | $278,000 |
| 2026 | $181,000 | $290,000 |
| August 2026 | $182,000 | $298,000 |
88 new homes permitted in 2025
Builders were permitted 88 new homes in Marion in 2025: 27 single-family houses and 61 in buildings with two or more homes, worth about $8.3 million to build. That's 5.2 per 1,000 residents, faster than across Illinois (1.6). Over the past 10 years, Marion has permitted 648 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Marion's population fell by 338 even though 514 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year.
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) | 62 | 19 | 43 | $5.9 million |
| 2025 | 88 | 27 | 61 | $8.3 million |
| 2024 | 85 | 27 | 58 | $8.3 million |
| 2023 | 79 | 24 | 55 | $7.4 million |
| 2022 | 104 | 25 | 79 | $10 million |
| 2021 | 49 | 41 | 8 | $7.9 million |
| 2020 | 27 | 24 | 3 | $4.1 million |
| 2019 | 34 | 32 | 2 | $5.3 million |
| 2018 | 74 | 36 | 38 | $7.4 million |
| 2017 | 55 | 24 | 31 | $6 million |
| 2016 | 53 | 29 | 24 | $8 million |
| 2015 | 29 | 20 | 9 | $4.5 million |
| 2014 | 42 | 22 | 20 | $5.2 million |
| 2013 | 46 | 17 | 29 | $3.4 million |
| 2012 | 70 | 17 | 53 | $6.2 million |
| 2011 | 62 | 18 | 44 | $6.4 million |
| 2010 | 49 | 14 | 35 | $3.8 million |
| 2009 | 55 | 24 | 31 | $5.4 million |
| 2008 | 53 | 13 | 40 | $3.8 million |
| 2007 | 76 | 37 | 39 | $8.6 million |
| 2006 | 108 | 79 | 29 | $5.7 million |
| 2005 | 165 | 78 | 87 | $18.3 million |
| 2004 | 167 | 94 | 73 | $18.5 million |
| 2003 | 144 | 86 | 58 | $11.1 million |
| 2002 | 136 | 81 | 55 | $10.5 million |
| 2001 | 62 | 62 | 0 | $5.8 million |
| 2000 | 64 | 64 | 0 | $6 million |
Marion's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
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.
3.2 years of income
The typical Marion home costs about 3.2 years of the town's median household income, less than across Illinois (3.6 years).
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 $1,020
HUD's Fair Market Rent for a two-bedroom in Marion is $1,020 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Marion pay a median of $921, so moving in tends to cost more than staying put. A two-bedroom takes about 22% of the town's median household income.
Studio $740 · 4 bedrooms $1,390
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (62959; Williamson County, IL), 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.
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.