Marion, MA—02738
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Marion, MA
As of Oct '25, the median home price in Marion, MA is $792,000, with a year-over-year change of -0.1%. This indicates that home prices in Marion, MA are flat. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $792,000 | -0.1% |
| Single Family | $793,000 | -0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $539,000 | 0.7% |
3 Bed | $696,000 | -0.7% |
4 Bed | $953,000 | -0.5% |
| 5 Bed | $1,536,000 | -1.9% |
% of Housing Stock
Rental Trends — Marion, MA
As of July '25, Rentcast reports the average rent in Marion, MA is $2,530, with a year-over-year rent change of -18.4%. Per bedroom, the median rent as of July '25 in Marion, MA is 1-bedrooms: $2,110, 3-bedrooms: $2,800, 4-bedrooms: $3,100. The most common rental property sizes in Marion, MA are 2-bedroom and 4-bedroom, accounting for 38.6% and 24.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,580 | $2,530 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,650 | $2,110 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,800 | $2,800 |
| 4 Bed Rent | $3,100 | $3,100 |
% of Rental Stock
Property Listings — Marion, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Marion, MA is 54. This is a decrease of -11.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 48.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,010,000 | -9.0% |
Listing Count | 25 | 7.0% |
| Listings as % of Homes | 0.3% | 7.0% |
Days on Market | 54 | -11.0% |
Demographics — Marion, MA
As of the latest ACS Survey released in 2023, Marion, MA has a population of 5,310, which has increased by 4.2% over the past 5 years. Marion, MA is a moderately popular place for families, as children make up 19.4% of the population. The area has a highly educated workforce, with 45.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,310 | 4.2% |
% Under 18 | 19.4% | -17.1% |
% Seniors | 23.1% | -16.3% |
% WFH | 18.9% | 62.9% |
% w/ College Degree | 45.2% | -13.2% |
As of the latest ACS Survey released in 2023, Marion, MA is a predominantly white area, with 80.8% of the population identifying as white. The white population has shrunk by 7.4% in the last 5 years. The second most common race or ethnicity in Marion, MA is black, making up 4.2% of the population. Foreign-born residents account for 4.7% of the population in Marion, MA, and this percentage has increased by 17.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.8% | -7.4% |
% Black | 4.2% | 162.5% |
% Hispanic | 3.1% | 72.2% |
% Asian | 1.4% | 75.0% |
% Foreign Born | 4.7% | 17.5% |
Mortgage and Risk — Marion, MA
According to HUD data as of 2023, there were 133 mortgage originations in Marion, MA, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 42.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Marion, MA. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 133 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Marion, MA
Marion, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 27 |
Total Units Section 8 | 27 |
% Rentals under Section 8 | 9.5% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $490 | $1,650 | $2,140 |
| 2 Bedroom | N/A | N/A | $2,550 |
| 3 Bedroom | $280 | $2,800 | $3,080 |
| 4 Bedroom | $290 | $3,100 | $3,390 |
Affordability — Marion, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $792,000 |
| Median Household Income | $120,000 |