Marion, NY—14505
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Marion, NY
As of Oct '25, the median home price in Marion, NY is $237,000, with a year-over-year change of 3.5%. This indicates that home prices in Marion, NY are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $237,000 | 3.5% |
| Single Family | $238,000 | 3.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $196,000 | 3.7% |
3 Bed | $235,000 | 2.2% |
4 Bed | $271,000 | 4.6% |
| 5 Bed | $290,000 | 1.8% |
% of Housing Stock
Rental Trends — Marion, NY
Marion, NY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,310 | $1,430 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,310 | $1,430 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Marion, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Marion, NY is 19. This is a decrease of -80.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $188,000 | 18.0% |
Listing Count | 12 | 38.0% |
| Listings as % of Homes | 0.0% | 38.0% |
Days on Market | 19 | -80.0% |
Demographics — Marion, NY
As of the latest ACS Survey released in 2023, Marion, NY has a population of 5,160, which has increased by 4.9% over the past 5 years. Marion, NY is a moderately popular place for families, as children make up 21.2% of the population. The area has a poorly educated workforce, with 19.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,160 | 4.9% |
% Under 18 | 21.2% | 9.8% |
% Seniors | 18.3% | 4.0% |
% WFH | 7.6% | 111.1% |
% w/ College Degree | 19.5% | -12.9% |
As of the latest ACS Survey released in 2023, Marion, NY is a predominantly white area, with 92.2% of the population identifying as white. The white population has grown by 2.3% in the last 5 years. The second most common race or ethnicity in Marion, NY is hispanic, making up 6.2% of the population. Foreign-born residents account for 2.8% of the population in Marion, NY, and this percentage has increased by 21.7% 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 | 92.2% | 2.3% |
% Black | 0.0% | -100.0% |
% Hispanic | 6.2% | 121.4% |
% Asian | 0.2% | ∞% |
% Foreign Born | 2.8% | 21.7% |
Mortgage and Risk — Marion, NY
According to HUD data as of 2023, there were 81 mortgage originations in Marion, NY, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Marion, NY. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 81 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Marion, NY
Marion, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 12 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $950 |
| 2 Bedroom | -$130 | $1,310 | $1,180 |
| 3 Bedroom | N/A | N/A | $1,430 |
| 4 Bedroom | N/A | N/A | $1,570 |
Affordability — Marion, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $237,000 |
| Median Household Income | $86,200 |