Market Overview
Home Prices in Marion, KY
The median home value in Marion, KY is $122,921 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 12.3% compared to a year ago and up 0.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Marion are priced70% below average.
Over the past five years, Marion home values have fallen by approximately9.3%, reflecting softening conditions in this market.
Price History
Marion Home Price Trend
2020
$119,610
$120K
—
2021
$135,469
$135K
+13.3%
2022
$138,531
$139K
+2.3%
2023
$143,123
$143K
+3.3%
2024
$139,012
$139K
-2.9%
2025
$140,084
$140K
+0.8%
2026
$122,921
$123K
-12.3%
City Comparison
Marion vs. National Median
🏠 Marion
$122,921
National Median
$410,000
At $122,921, homes in Marion cost 70% below the national median of $410,000. This makes Marion a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Marion?
20% Down Payment
$24,584
on $122,921
Monthly P&I
$641/mo
30-yr @ 6.8%
Total Monthly Est.
~$814/mo
incl. taxes & insurance
Income Needed
$32,560
gross annual (30% rule)
10% Down Option
$12,292
+ PMI applies
Loan Amount (20% dn)
$98,337
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Marion, KY?
The median home value in Marion is $122,921 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 12.3% year-over-year.
How much have home prices changed in Marion?
Over the past year, home values in Marion have decreased by 12.3%. Over five years, prices have fallen approximately 9.3%.
How much do I need to earn to buy a home in Marion?
To comfortably afford the median home price of $122,921 with a 20% down payment ($24,584) at today's rates (6.8%), you'd need a gross annual income of approximately $32,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Marion compare to the national average home price?
The national median home value is approximately $410,000. At $122,921, homes in Marion are 70% below the national average.