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Marion Local

Learn about the people, housing, costs and businesses in Marion Local, Ohio

Median Home$287,337
Median Rent$904/month
Population3,993
Leading IndustriesRetail · Construction · Agriculture & Mining34% retail
Home Value Growth⬆⬆+17.7% over 2 years
Family-Friendly31% of residentstop 2% nationally
Homeowners89% of occupied units
NotableHigh Incomes$103k/year · top 12% nationally
Marion Local
OH

Frequently Asked Questions

What are today's mortgage rates in Marion Local?

As of today, the 30-year fixed mortgage rate for Marion Local is approximately 7.059% (7.101% 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 Local?

The median home value in Marion Local is $287k. The median monthly rent is $904. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Marion Local?

Home values in Marion Local have increased 17.7% over the past two years. This indicates a strong appreciation trend. 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 Local?

Based on a typical all-in ownership cost of $961/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Marion Local is $103k/year.

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What industries drive the economy in Marion Local?

The largest employment sectors in Marion Local are retail (34%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.