Marion Village, Columbus, OH—43207
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Marion Village, Columbus, OH
As of Oct '25, the median home price in Marion Village, Columbus, OH is $200,000, with a year-over-year change of -1.3%. This indicates that home prices in Marion Village, Columbus, OH are decreasing. 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 | $200,000 | -1.3% |
| Single Family | $200,000 | -1.5% |
| Condos | $197,000 | 0.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $129,000 | -4.4% |
2 Bed | $170,000 | -1.2% |
3 Bed | $201,000 | -1.5% |
4 Bed | $258,000 | 0.0% |
| 5 Bed | $280,000 | -1.4% |
% of Housing Stock
Rental Trends — Marion Village, Columbus, OH
As of July '25, Rentcast reports the average rent in Marion Village, Columbus, OH is $1,460, with a year-over-year rent change of -5.2%. Per bedroom, the median rent as of July '25 in Marion Village, Columbus, OH is studios: $780, 1-bedrooms: $968, 2-bedrooms: $1,230, 3-bedrooms: $1,680, 4-bedrooms: $1,970. The most common rental property sizes in Marion Village, Columbus, OH are 3-bedroom and 2-bedroom, accounting for 43.5% and 31.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,460 |
| Studio Rent | $739 | $780 |
| 1 Bed Rent | $958 | $968 |
| 2 Bed Rent | $1,180 | $1,230 |
| 3 Bed Rent | $1,690 | $1,680 |
| 4 Bed Rent | $1,900 | $1,970 |
% of Rental Stock
Property Listings — Marion Village, Columbus, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Marion Village, Columbus, OH is 52. This is a increase of 41.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $240,000 | 2.0% |
Listing Count | 172 | 16.0% |
| Listings as % of Homes | 0.4% | 16.0% |
Days on Market | 52 | 41.0% |
Demographics — Marion Village, Columbus, OH
As of the latest ACS Survey released in 2023, Marion Village, Columbus, OH has a population of 46,800, which has remained stable by -1.0% over the past 5 years. Marion Village, Columbus, OH is a moderately popular place for families, as children make up 21.5% of the population. The area has a poorly educated workforce, with 16.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,800 | -1.0% |
% Under 18 | 21.5% | -7.3% |
% Seniors | 13.6% | -0.7% |
% WFH | 10.5% | 218.2% |
% w/ College Degree | 16.4% | 36.7% |
As of the latest ACS Survey released in 2023, Marion Village, Columbus, OH is a predominantly white area, with 59.1% of the population identifying as white. The white population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Marion Village, Columbus, OH is black, making up 28.5% of the population. Foreign-born residents account for 3.6% of the population in Marion Village, Columbus, OH, and this percentage has decreased by 5.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 59.1% | -8.5% |
% Black | 28.5% | 14.0% |
% Hispanic | 5.1% | 10.9% |
% Asian | 1.5% | -16.7% |
% Foreign Born | 3.6% | -5.3% |
Mortgage and Risk — Marion Village, Columbus, OH
According to HUD data as of 2023, there were 531 mortgage originations in Marion Village, Columbus, OH, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Marion Village, Columbus, OH. Investor activity is low, as 3.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 531 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Marion Village, Columbus, OH
As of 2024, the percent of homes in Marion Village, Columbus, OH under the Section 8 program is 17.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Marion Village, Columbus, OH, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,505 |
Total Units Section 8 | 1,394 |
% Rentals under Section 8 | 17.2% |
% Occupied Section 8 | 83.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $32 | $958 | $990 |
| 2 Bedroom | $20 | $1,180 | $1,200 |
| 3 Bedroom | -$240 | $1,690 | $1,450 |
| 4 Bedroom | -$290 | $1,900 | $1,610 |
Affordability — Marion Village, Columbus, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $200,000 |
| Median Household Income | $61,300 |