A typical Marion home is worth roughly $111,000
Home prices around Marion have risen about 52% over the past 5 years.
What kind of housing town is Marion?
Read from the numbers below. The page puts what stands out first.
A typical home costs 2.7 years of income
Less than across Michigan (3.7 years). Try your own numbers below.
That covers a typical Marion home, with $37K to spare.
A two-bedroom rents for about $970 a month here, $250 more than owning.
How Marion ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Marion’s typical property tax (1.48% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
Home prices up 52% in 5 years
The federal house price index for the ZIP code around Marion rose 52% over the past 5 years, about the same as across Michigan. Last year prices fell 15%.
How Marion ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Marion, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A two-bedroom rents for about $970
Renters already here pay a median of $667, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Clare County, MI): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
71% of Marion households own their home
Half of Marion’s homes were built before 1957.
Michigan: 73% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
Neighbors talk housing
What Marion buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.