Marion, IA—52302
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Marion, IA
As of Oct '25, the median home price in Marion, IA is $265,000, with a year-over-year change of 2.1%. This indicates that home prices in Marion, IA are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $265,000 | 2.1% |
| Single Family | $284,000 | 2.2% |
| Condos | $194,000 | 1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $186,000 | 1.6% |
3 Bed | $252,000 | 2.0% |
4 Bed | $343,000 | 1.5% |
| 5 Bed | $461,000 | 1.5% |
% of Housing Stock
Rental Trends — Marion, IA
As of July '25, Rentcast reports the average rent in Marion, IA is $953, with a year-over-year rent change of -2.1%. Per bedroom, the median rent as of July '25 in Marion, IA is studios: $617, 1-bedrooms: $637, 2-bedrooms: $968, 3-bedrooms: $1,360, 4-bedrooms: $2,070. The most common rental property sizes in Marion, IA are 2-bedroom and 1-bedroom, accounting for 35.7% and 30.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $770 | $953 |
| Studio Rent | $550 | $617 |
| 1 Bed Rent | $610 | $637 |
| 2 Bed Rent | $825 | $968 |
| 3 Bed Rent | $1,250 | $1,360 |
| 4 Bed Rent | $1,950 | $2,070 |
% of Rental Stock
Property Listings — Marion, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Marion, IA is 46. This is a decrease of -10.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $337,000 | -4.0% |
Listing Count | 228 | 4.0% |
| Listings as % of Homes | 0.9% | 4.0% |
Days on Market | 46 | -10.0% |
Demographics — Marion, IA
As of the latest ACS Survey released in 2023, Marion, IA has a population of 42,700, which has increased by 5.9% over the past 5 years. Marion, IA is a moderately popular place for families, as children make up 24.5% of the population. The area has a moderately educated workforce, with 39.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,700 | 5.9% |
% Under 18 | 24.5% | 0.4% |
% Seniors | 18.6% | 14.8% |
% WFH | 16.2% | 285.7% |
% w/ College Degree | 39.1% | 10.8% |
As of the latest ACS Survey released in 2023, Marion, IA is a predominantly white area, with 88.9% of the population identifying as white. The white population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in Marion, IA is hispanic, making up 3.1% of the population. Foreign-born residents account for 3.0% of the population in Marion, IA, and this percentage has increased by 50.0% 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 | 88.9% | -4.4% |
% Black | 2.6% | 30.0% |
% Hispanic | 3.1% | 24.0% |
% Asian | 1.8% | 260.0% |
% Foreign Born | 3.0% | 50.0% |
Mortgage and Risk — Marion, IA
According to HUD data as of 2023, there were 1188 mortgage originations in Marion, IA, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Marion, IA. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,188 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Marion, IA
As of 2024, the percent of homes in Marion, IA under the Section 8 program is 5.6%. 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, IA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 350 |
Total Units Section 8 | 221 |
% Rentals under Section 8 | 5.6% |
% Occupied Section 8 | 77.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $110 | $610 | $720 |
| 2 Bedroom | $115 | $825 | $940 |
| 3 Bedroom | $70 | $1,250 | $1,320 |
| 4 Bedroom | -$370 | $1,950 | $1,580 |
Affordability — Marion, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $265,000 |
| Median Household Income | $87,500 |