Marion, MI—49665
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Marion, MI
Marion, MI lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $172,000 | 7.3% |
| Single Family | $172,000 | 7.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $201,000 | 6.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Marion, MI
Marion, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Marion, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Marion, MI is 66. This is a decrease of -9.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $225,000 | -10.0% |
Listing Count | 23 | 42.0% |
| Listings as % of Homes | 0.7% | 42.0% |
Days on Market | 66 | -9.0% |
Demographics — Marion, MI
As of the latest ACS Survey released in 2023, Marion, MI has a population of 4,020, which has decreased by -1.4% over the past 5 years. Marion, MI is a moderately popular place for families, as children make up 21.7% of the population. The area has a poorly educated workforce, with 12.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,020 | -1.4% |
% Under 18 | 21.7% | 0.9% |
% Seniors | 21.2% | 18.4% |
% WFH | 6.3% | -7.4% |
% w/ College Degree | 12.6% | 6.8% |
As of the latest ACS Survey released in 2023, Marion, MI is a predominantly white area, with 93.6% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Marion, MI is hispanic, making up 2.8% of the population. Foreign-born residents account for 0.5% of the population in Marion, MI, and this percentage has decreased by 61.5% 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 | 93.6% | -2.6% |
% Black | 0.1% | -50.0% |
% Hispanic | 2.8% | 115.4% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.5% | -61.5% |
Mortgage and Risk — Marion, MI
According to HUD data as of 2023, there were 82 mortgage originations in Marion, MI, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Marion, MI. 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 | 82 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 0.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Marion, MI
Marion, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $710 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,140 |
| 4 Bedroom | N/A | N/A | $1,370 |
Affordability — Marion, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $172,000 |
| Median Household Income | $51,100 |