Marion, OH 43302 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Marion, OH—43302

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$162,000

4.9% YoY Growth

Household Income

$53,800

25.7% YoY Growth

Days on Market

2.0% Longer YoY

Home Price Forecast

3.9%

Median Rent

$950

3.3% YoY Growth

1-Bed Rent

$750

34.8% YoY Growth

2-Bed Rent

$900

4.1% YoY Growth

3-Bed Rent

$1,020

9.0% YoY Growth

Home Price Trends — Marion, OH

As of Dec '25, the median home price in Marion, OH is $162,000, with a year-over-year change of 4.9%. This indicates that home prices in Marion, OH are increasing. According to Zillow, the 1-year price projection is 3.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$162,000	4.9%
Single Family	$159,000	4.6%
Condos	$254,000	8.5%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Marion, OH

As of July '25, Rentcast reports the average rent in Marion, OH is $1,020, with a year-over-year rent change of 3.3%. Per bedroom, the median rent as of July '25 in Marion, OH is studios: $675, 1-bedrooms: $782, 2-bedrooms: $914, 3-bedrooms: $1,090, 4-bedrooms: $1,730. The most common rental property sizes in Marion, OH are 3-bedroom and 2-bedroom, accounting for 34.6% and 31.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$950	$1,020
Studio Rent	$675	$675
1 Bed Rent	$750	$782
2 Bed Rent	$900	$914
3 Bed Rent	$1,020	$1,090
4 Bed Rent	$1,500	$1,730

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% of Rental Stock

Studio

2.2%

1 Bedroom

26.2%

2 Bedrooms

31.9%

3 Bedrooms

34.6%

4 Bedrooms

4.5%

5+ Bedrooms

0.7%

Property Listings — Marion, OH

As of Dec '25, Realtor.com reports that the median days on market for a home in Marion, OH is 45. This is a increase of 7.0% 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 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	$172,000	3.0%
Listing Count	158	15.0%
Listings as % of Homes	0.4%	15.0%
Days on Market	63	2.0%

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Demographics — Marion, OH

As of the latest ACS Survey released in 2023, Marion, OH has a population of 54,600, which has remained stable by 1.0% over the past 5 years. Marion, OH is a moderately popular place for families, as children make up 21.4% of the population. The area has a poorly educated workforce, with 13.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	54,600	1.0%
% Under 18	21.4%	2.4%
% Seniors	17.8%	6.0%
% WFH	6.1%	190.5%
% w/ College Degree	13.4%	2.3%

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As of the latest ACS Survey released in 2023, Marion, OH is a predominantly white area, with 84.9% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Marion, OH is black, making up 6.2% of the population. Foreign-born residents account for 1.9% of the population in Marion, OH, and this percentage has increased by 5.6% 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	84.9%	-2.2%
% Black	6.2%	-11.4%
% Hispanic	3.4%	30.8%
% Asian	0.8%	14.3%
% Foreign Born	1.9%	5.6%

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Mortgage and Risk — Marion, OH

According to HUD data as of 2023, there were 798 mortgage originations in Marion, OH, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Marion, OH. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	798
% Conventional Loans	68.0%
% Government Loans	32.0%
% Investor Loans	3.0%
% Second Loans	1.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — Marion, OH

As of 2024, the percent of homes in Marion, OH under the Section 8 program is 14.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Marion, OH, because HUD payments exceed market rent, while 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	1,153
Total Units Section 8	1,068
% Rentals under Section 8	14.7%
% Occupied Section 8	86.5%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$110	$750	$860
2 Bedroom	$230	$900	$1,130
3 Bedroom	$340	$1,020	$1,360
4 Bedroom	$0	$1,500	$1,500

Marion, OH—43302

Key Metrics at a Glance

Home Price Trends — Marion, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Marion, OH

% of Rental Stock

Property Listings — Marion, OH

Demographics — Marion, OH

Race and Ethnicity

Mortgage and Risk — Marion, OH

Mortgages

Rentals and Section 8 — Marion, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Marion, OH

Home Price to Income Ratio

Marion, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Green Camp

Prospect, OH

Morral, OH

Waldo, OH

Caledonia, OH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.5
Median Home Price	$162,000
Median Household Income	$53,800

Marion, OH—43302

Key Metrics at a Glance

Home Price Trends — Marion, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Marion, OH

% of Rental Stock

Property Listings — Marion, OH

Demographics — Marion, OH

Race and Ethnicity

Mortgage and Risk — Marion, OH

Mortgages

Rentals and Section 8 — Marion, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Marion, OH

Home Price to Income Ratio

Marion, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Green Camp

Prospect, OH

Morral, OH

Waldo, OH

Caledonia, OH

Frequently Asked Questions

What is the average home price in Marion, OH 43302?

How have home prices in Marion, OH 43302 changed over the past year?

What is the home price projection for Marion, OH 43302?

What are the demographics of Marion, OH 43302?

How long does it take homes to sell in Marion, OH 43302?

What is the average rent price in Marion, OH 43302?