Marion, IL Real Estate
According to census data in the year 2000 there were 7,569 housing units in Marion.
This represents a 13.5% growth from 6,666 in 1990.
Of those housing units, 7,356 were located in either urbanized areas or urban clusters, and 213 were located in what is classified as a rural area.
Homeownership rate in Marion is about 64.9%.
Marion's vacancy rate, including seasonal lodging, is about 8.3%.
Average household size is 2.23 people.
The majority of houses, apartments or condos in Marion were built after 1967.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1% |
| One Bedroom | 9.10% |
| Two Bedrooms | 40.40% |
| Three Bedrooms | 39.70% |
| Four Bedrooms | 8.60% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.28 |
| Median year structure was built | 1963 |
| Median Value of occupied units | $67,100 |
| Median Price asked for vacant units | $53,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.15 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $356 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 5.30% |
| Home Equity Loan | 2.90% |
| Simple Mortgage | 42.20% |
| Debt Free | 49.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.2% |
