Marion, VA housing market
The typical Marion home is worth about $165,000, up 3.8% in a year, 60% below the Virginia typical home.
Home values, sales, trends and how Marion compares with the towns next door — updated as new data is published.
Marion at a glance
Typical home value, 2016–2026
Show as a table
| January | Marion | Virginia |
|---|---|---|
| 2017 | $97,000 | $253,000 |
| 2018 | $97,000 | $263,000 |
| 2019 | $102,000 | $271,000 |
| 2020 | $105,000 | $284,000 |
| 2021 | $117,000 | $311,000 |
| 2022 | $129,000 | $345,000 |
| 2023 | $141,000 | $367,000 |
| 2024 | $149,000 | $386,000 |
| 2025 | $158,000 | $405,000 |
| 2026 | $161,000 | $411,000 |
| August 2026 | $165,000 | $415,000 |
4 years of income
The typical Marion home costs about 4 years of the town's median household income, less than across Virginia (4.5 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 $910
HUD's Fair Market Rent for a two-bedroom in Marion is $910 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Marion pay a median of $714, so moving in tends to cost more than staying put. A two-bedroom takes about 27% of the town's median household income.
Studio $640 · 4 bedrooms $1,440
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (24354; Smyth County, VA), 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. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.