Marion, TX—78124
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Marion, TX
As of Oct '25, the median home price in Marion, TX is $348,000, with a year-over-year change of -2.7%. This indicates that home prices in Marion, TX are decreasing. 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 | $348,000 | -2.7% |
| Single Family | $349,000 | -2.5% |
| 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 | $307,000 | -1.9% |
4 Bed | $407,000 | -0.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Marion, TX
As of July '25, Rentcast reports the average rent in Marion, TX is $2,040, with a year-over-year rent change of 13.3%. Per bedroom, the median rent as of July '25 in Marion, TX is 2-bedrooms: $1,030, 3-bedrooms: $1,820, 4-bedrooms: $2,230. The most common rental property sizes in Marion, TX are 2-bedroom and 3-bedroom, accounting for 67.8% and 16.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,880 | $2,040 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $950 | $1,030 |
| 3 Bed Rent | $1,820 | $1,820 |
| 4 Bed Rent | $1,960 | $2,230 |
% of Rental Stock
Property Listings — Marion, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Marion, TX is 67. This is a decrease of -8.0% 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 45.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $301,000 | -19.0% |
Listing Count | 141 | 78.0% |
| Listings as % of Homes | 1.1% | 78.0% |
Days on Market | 67 | -8.0% |
Demographics — Marion, TX
As of the latest ACS Survey released in 2023, Marion, TX has a population of 6,910, which has increased by 8.7% over the past 5 years. Marion, TX is a moderately popular place for families, as children make up 19.8% of the population. The area has a poorly educated workforce, with 21.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,910 | 8.7% |
% Under 18 | 19.8% | -5.3% |
% Seniors | 15.8% | -3.1% |
% WFH | 6.9% | 187.5% |
% w/ College Degree | 21.5% | 18.8% |
As of the latest ACS Survey released in 2023, Marion, TX is a predominantly white area, with 48.6% of the population identifying as white. The white population has shrunk by 19.5% in the last 5 years. The second most common race or ethnicity in Marion, TX is hispanic, making up 38.4% of the population. Foreign-born residents account for 7.4% of the population in Marion, TX, and this percentage has increased by 21.3% 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 | 48.6% | -19.5% |
% Black | 5.8% | 56.8% |
% Hispanic | 38.4% | 16.7% |
% Asian | 2.0% | 566.7% |
% Foreign Born | 7.4% | 21.3% |
Mortgage and Risk — Marion, TX
According to HUD data as of 2023, there were 58 mortgage originations in Marion, TX, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Marion, TX. Investor activity is low, as 2.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 58 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Marion, TX
Marion, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,150 |
| 2 Bedroom | $450 | $950 | $1,400 |
| 3 Bedroom | -$40 | $1,820 | $1,780 |
| 4 Bedroom | $130 | $1,960 | $2,090 |
Affordability — Marion, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $348,000 |
| Median Household Income | $82,500 |