Living in Marion, IN
Marion, IN, is a charming city known for its community spirit and rich history. With outdoor activities, cultural attractions, and a strong emphasis on education, it offers residents a suburban lifestyle close to urban conveniences. The city is well-connected by public transportation and is within commuting distance of Indianapolis.
Current Market Conditions in Marion, IN
The real estate market in Marion has seen a steady increase in home values over the past year, reflecting a healthy demand for housing. According to local data, home prices have appreciated by approximately 8% from last year, driven primarily by low inventory and increased interest from first-time homebuyers looking to settle in a family-friendly community. The average price of homes currently on the market is around $150,000, making it an affordable option for many.
With the ongoing development in Marion, including new businesses and community projects, the area is becoming increasingly attractive to potential buyers. This uptick is boosting both investor interest and new residential developments, indicating a strong market outlook for the upcoming months.
Home Value Estimator For Marion, IN
There are currently 14,394 real estate properties
in Marion, IN,
with a median automated valuation model (AVM) price
of $130,885.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Marion, IN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Marion, IN,
is $162,698.00, with the most expensive house
in Marion, IN, topping out
at $5,124,133.00 and the cheapest home
in Marion, IN,
clocking in at $11,130.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Marion, IN!
Rent Prices
In Marion, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Marion, IN, is on
a rollercoaster ride. The
average rent price in Marion, IN,
is $923.00. Indeed, when looking to rent in
Marion, IN, you can expect to pay as little
as $430.00 or as much
as $2,320.00,
with the average rent median estimated to
be $860.00. The good news is that finding
an affordable and desirable property to rent in Marion, IN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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