Marion County, Florida Housing Market Prices
Marion County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 30% below the Florida median$219,062
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Median rent 23% below the Florida median$1,277
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Marion County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $219,062 | $311,338 | $248,835 |
| Price Trend (Annual %) | 13.1% | 11.2% | 7.5% |
| Median Gross Rent | $1,277 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 5.7% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Marion County is about 30% lower than in Florida. Rent is about 23% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Marion County, up about 13.1% and 5.7% a year respectively. Home prices are changing faster.
Median rent in Marion County rose about 59.0% between 2015 and 2024, from $803 to $1,277. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Marion County.
Buying the median-priced home in Marion County costs roughly 14.3 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Marion County. The price-to-rent ratio in Florida is about 15.6.
| Metric | Marion County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $219,062 | $311,338 | $248,835 |
| Median Household Income | $61,094 | $74,580 | $80,455 |
| Price-to-Income Ratio | 3.6 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Marion County rose about 132.3%, while median household income rose about 41.8% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Marion County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.8% | 57.7% | 58.5% |
| Rental Rate | 19.7% | 27.7% | 31.2% |
| Vacancy Rate | 12.4% | 14.6% | 10.2% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Marion County has a homeownership rate of 67.8%, higher than the Florida average of 57.7%. Its housing vacancy rate is 12.4%, compared with 14.6% in Florida.
Housing Stock
| Metric | Marion County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.37 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1993 | 1988 | 1978 |
| Median Number of Rooms | 5.4 | 5.2 | 5.5 |
The typical housing unit in Marion County was built around 1993. On average, 2.4 people live in a home with about 5.4 rooms, staying for about 14.0 years on average.
Marion County, FL Housing Compared With Nearby Counties
Marion County, FL is the 2nd largest of the 6 counties compared here, 400,073 residents against a local median of 162,471. Where Marion County, FL breaks from the counties next to it is median home price, sitting 28% above the local median of $171,305 at $219,062.
The counties themselves spread $262,454 on median home price, so Marion County, FL sits at one end of an already wide local range rather than apart from it. Marion County, FL has the 2nd highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Marion County, FL | 400,073 | $219,062 #2/6 | $1,277 #3/6 | 77.5% #4/6 |
| Sumter County, FL | 143,408 | $342,264 | $1,269 | 87.6% |
| Putnam County, FL | 75,164 | $79,810 | $906 | 75.4% |
| Alachua County, FL | 285,474 | $163,632 | $1,338 | 54.1% |
| Lake County, FL | 412,915 | $205,133 | $1,586 | 77.6% |
| Citrus County, FL | 162,471 | $171,305 | $1,107 | 85.2% |
Frequently Asked Questions
Common questions about the housing market in Marion County, Florida.
What is the median home price in Marion County, Florida?
The median home price in Marion County, Florida is $219,062, lower than the Florida average of $311,338.
What is the average home price in Marion County, Florida?
The typical home price in Marion County, Florida, reported as the median sale price, is $219,062. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Marion County, Florida?
The median gross rent in Marion County, Florida is $1,277 per month, lower than the Florida average of $1,668.
What was the median gross rent in Marion County in 2020?
In 2020, the median gross rent in Marion County, Florida was $928 per month.
What is the price-to-rent ratio in Marion County, Florida?
The price-to-rent ratio in Marion County, Florida is about 14.3, meaning it would take roughly 14.3 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Marion County.
Are home prices or rent rising faster in Marion County, Florida?
Both home prices and rent are rising in Marion County, up about 13.1% and 5.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Marion County, Florida?
67.8% of households in Marion County, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Marion County, Florida?
The housing vacancy rate in Marion County, Florida is 12.4%, lower than the Florida average of 14.6%.
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