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Marion

Learn about the people, housing, costs and businesses in Marion, Oregon

Median Home$555,585
Median Rent$1,636/month
Population339
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services12% arts, food & hospitality
Home Value Growth+9.2% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners84% of occupied units
NotableTransit88/100 · excellent transit access
NotableHigh Incomes$124k/year · top 8% nationally
Marion
OR

Frequently Asked Questions

What are today's mortgage rates in Marion?

As of today, the 30-year fixed mortgage rate for Marion is approximately 6.890% (6.926% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Marion?

The median home value in Marion is $556k. The median monthly rent is $1,636. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Marion?

Home values in Marion have increased 9.2% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Marion?

Based on a typical all-in ownership cost of $1,561/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $67k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Marion is $124k/year.

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What industries drive the economy in Marion?

The largest employment sectors in Marion are public administration (25%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.