Market Overview
Home Prices in Marion, MI
The median home value in Marion, MI is $196,137 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.2% compared to a year ago and up 8.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Marion are priced52% below average.
Over the past five years, Marion home values have risen by approximately24.1%, reflecting strong long-term appreciation in this market.
Price History
Marion Home Price Trend
2020
$126,624
$127K
—
2021
$158,083
$158K
+24.8%
2022
$173,903
$174K
+10.0%
2023
$171,018
$171K
-1.7%
2024
$164,944
$165K
-3.6%
2025
$179,574
$180K
+8.9%
2026
$196,137
$196K
+9.2%
City Comparison
Marion vs. National Median
🏠 Marion
$196,137
National Median
$410,000
At $196,137, homes in Marion cost 52% 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
$39,227
on $196,137
Monthly P&I
$1,023/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,299/mo
incl. taxes & insurance
Income Needed
$51,960
gross annual (30% rule)
10% Down Option
$19,614
+ PMI applies
Loan Amount (20% dn)
$156,910
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, MI?
The median home value in Marion is $196,137 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.2% year-over-year.
How much have home prices changed in Marion?
Over the past year, home values in Marion have increased by 9.2%. Over five years, prices have risen approximately 24.1%.
How much do I need to earn to buy a home in Marion?
To comfortably afford the median home price of $196,137 with a 20% down payment ($39,227) at today's rates (6.8%), you'd need a gross annual income of approximately $51,960. 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 $196,137, homes in Marion are 52% below the national average.