Marion, SD—57043
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Marion, SD
As of Oct '25, the median home price in Marion, SD is $282,000, with a year-over-year change of 8.6%. This indicates that home prices in Marion, SD are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $282,000 | 8.6% |
| Single Family | $281,000 | 7.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $186,000 | 6.3% |
3 Bed | $267,000 | 7.7% |
4 Bed | $339,000 | 5.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Marion, SD
Marion, SD 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, SD
As of Oct '25, Realtor.com reports that the median days on market for a home in Marion, SD is 63. This is a increase of 2.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $271,000 | 0.0% |
Listing Count | 7 | -12.0% |
| Listings as % of Homes | 0.3% | -12.0% |
Days on Market | 63 | 2.0% |
Demographics — Marion, SD
As of the latest ACS Survey released in 2023, Marion, SD has a population of 1,620, which has increased by 21.4% over the past 5 years. Marion, SD is a moderately popular place for families, as children make up 23.6% of the population. The area has a poorly educated workforce, with 24.4% 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 | 1,620 | 21.4% |
% Under 18 | 23.6% | 30.4% |
% Seniors | 28.5% | 8.0% |
% WFH | 7.6% | -23.2% |
% w/ College Degree | 24.4% | 20.8% |
As of the latest ACS Survey released in 2023, Marion, SD is a predominantly white area, with 94.9% 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, SD is hispanic, making up 0.7% of the population. Foreign-born residents account for 0.3% of the population in Marion, SD, and this percentage has decreased by 25.0% 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 | 94.9% | -2.6% |
% Black | 0.0% | N/A |
% Hispanic | 0.7% | -41.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.3% | -25.0% |
Mortgage and Risk — Marion, SD
Marion, SD lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Marion, SD
Marion, SD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% 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 | $800 |
| 2 Bedroom | N/A | N/A | $940 |
| 3 Bedroom | N/A | N/A | $1,280 |
| 4 Bedroom | N/A | N/A | $1,600 |
Affordability — Marion, SD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $282,000 |
| Median Household Income | $73,600 |