Marion, MI Real Estate
According to census data in the year 2000 there were 399 housing units in Marion.
This represents a 8.1% growth from 369 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 399 were located in what is classified as a rural area.
Homeownership rate in Marion is about 65.9%.
Marion's vacancy rate, including seasonal lodging, is about 8.8%.
Average household size is 2.21 people.
The majority of houses, apartments or condos in Marion were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 9.80% |
| Two Bedrooms | 43.60% |
| Three Bedrooms | 30.60% |
| Four Bedrooms | 11% |
| Five Bedrooms or more | 4.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.35 |
| Median year structure was built | 1950 |
| Median Value of occupied units | $55,200 |
| Median Price asked for vacant units | $23,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.95 |
| Median year structure was built | 1976 |
| Median Monthly Rent asked for vacant units | $369 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.70% |
| Home Equity Loan | 2.10% |
| Simple Mortgage | 50% |
| Debt Free | 45.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.6% |
