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Featured local agent — Marion, MS
Sarah Mitchell
Compass Real Estate · Marion, MS
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Marion, MS Housing Market
The typical home in Marion, MS is worth $174,599, rose 1.0% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $336,500 (through May 2026). With 3.0 months of supply, Marion is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $174,599 home is about $932/mo in principal and interest.
Key numbers for Marion, MS
Typical home value
$174,599
+1.0% in 12 months
Zillow, August 2026
Median sale price
$336,500
Last published period
Redfin, through September 2024
Active listings
3
3.0 months of supply
Redfin, through September 2024
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$57,292
Home costs 3.0x income
U.S. Census ACS, 2023
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Marion a buyer's or seller's market?
Marion, MS is a balanced market, based on 3.0 months of supply. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Marion housing market data show?
Every row below is Redfin's final published month for Marion, MS. Redfin, through September 2024
| Metric | Value |
|---|---|
| Median sale price | $336,500 |
| Median list price | $219,000 |
| Median price per sq ft | $150/sq ft |
| Active inventory | 3 listings |
| Months of supply | 3.0 months |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Listings with a price cut | 33.3% |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Marion is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Marion is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Marion home prices moved?
Across the 19 months we hold for Marion, MS, the median sale price rose 37.3%, from $245,000 in May 2021 to $336,500. The live Zillow value series has rose 1.0% in the last 12 months, which is the more current read now that Redfin's series has stopped. 33.3% of Marion listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay.
Redfin, through September 2024 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Marion?
Priced off the typical home value of $174,599 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $34,920 | $139,679 | $932/mo |
| 5% | $8,730 | $165,869 | $1,107/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $932, that implies roughly $39,947 a year before you add taxes and insurance. The median household in Marion earns $57,292, about $17,345 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.0x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Marion in the next 12 months?
Tell us your timeline. We send the Marion market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Marion?
Zillow does not publish a rent index (ZORI) for Marion, MS, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Marion?
Active listings in Marion, MS went from 2 in August 2022 to 3 in September 2024, a +50.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| October 2022 | 2 | 1 |
| December 2022 | 1 | not published |
| February 2023 | 2 | not published |
| May 2023 | 1 | not published |
| August 2023 | 4 | 3 |
| October 2023 | 3 | not published |
| November 2023 | 2 | 1 |
| December 2023 | 4 | 3 |
| April 2024 | 4 | 2 |
| May 2024 | 1 | not published |
| June 2024 | 1 | 2 |
| September 2024 | 3 | 1 |
Redfin, through September 2024
How does Marion compare to Mississippi and the U.S.?
Marion homes sell for $336,500 — 18% above the Mississippi median of $284,300. Against the national median of $410,700, Marion runs 18% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Marion, MS | $336,500 | not published | not published |
| Mississippi statewide | $284,300 | +5.7% | 47 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through September 2024 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Marion
What buyers should watch
- Months of supply, currently 3.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 33.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $175 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $174,599 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- In the last published month Marion added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +1.0% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Marion varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Marion
There are currently 3 homes listed for sale in Marion, Mississippi. The median listing price is $219K.
Active listings
3
Homes on market
Median list price
$219K
New this week
1
Newly listed
How much do homes cost in Marion by property type?
How the Marion, MS market breaks down across single-family homes, condos and townhouses. Redfin, through September 2024
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $336,500 | $150/sq ft | 1 | not published |
Who lives in Marion?
American Community Survey estimates for Marion. U.S. Census ACS, 2023
Population
2,033
Households
621
Median income
$57,292/yr
Median age
27.4 years
Owner-occupied
57.6%
Median home value
$194,800
Median gross rent
$1,074/mo
Mean commute
21.4 min
57.6% of occupied homes in Marion are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $194,800 against Zillow's $174,599 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which cities are near Marion, MS?
Ordered by distance from Marion, not by size. Compare Marion side by side with any of them.
Marion housing market FAQ
Is Marion a buyer's or seller's market?
Marion, MS is currently a balanced market. That read comes from 3.0 months of supply in the last month Redfin published (May 2026).
How much do homes cost in Marion?
The typical home in Marion, MS is worth $174,599 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $336,500, about $150 per square foot.
Is Marion cheaper than the rest of Mississippi?
Marion's median sale price of $336,500 is 18% higher than the Mississippi statewide median of $284,300, and 18% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Marion?
We do not hold a days-on-market figure for Marion, MS. Redfin stopped publishing its public market tracker in June 2026, so this metric is frozen wherever it exists and missing where it never landed.
What income do you need to buy a home in Marion?
At the current 30-year fixed rate of 7.03%, 20% down on a $174,599 home is about $932 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $39,947 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $57,292.
Are home prices rising in Marion?
The typical home value in Marion, MS rose 1.0% over the last 12 months, from $172,836 to $174,599 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Marion?
Marion ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Marion?
That depends on your timeline, not on a headline. What the data says today: Marion, MS is a balanced market with 3.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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