Marion County, Tennessee 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.
-
Median home price 37% below the Tennessee median$160,237
-
Median rent 28% below the Tennessee median$853
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Marion County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $160,237 | $255,786 | $248,835 |
| Price Trend (Annual %) | 38.6% | 9.9% | 7.5% |
| Median Gross Rent | $853 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 3.7% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Marion County is about 37% lower than in Tennessee. Rent is about 28% lower than the Tennessee 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 38.6% and 3.7% a year respectively. Home prices are changing faster.
Median rent in Marion County rose about 35.0% between 2015 and 2024, from $632 to $853. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Marion County.
Buying the median-priced home in Marion County costs roughly 15.7 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Marion County. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | Marion County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $160,237 | $255,786 | $248,835 |
| Median Household Income | $61,839 | $69,901 | $80,455 |
| Price-to-Income Ratio | 2.6 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Marion County rose about 140.9%, while median household income rose about 47.0% 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 | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.3% | 60.1% | 58.5% |
| Rental Rate | 18.1% | 29.7% | 31.2% |
| Vacancy Rate | 15.6% | 10.2% | 10.2% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Marion County has a homeownership rate of 66.3%, higher than the Tennessee average of 60.1%. Its housing vacancy rate is 15.6%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Marion County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1984 | 1986 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Marion County was built around 1984. On average, 2.4 people live in a home with about 5.6 rooms, staying for about 17.0 years on average.
Marion County, TN Housing Compared With Nearby Counties
How Marion County, TN compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Marion County, TN | 29,249 | $160,237 #3/3 | $853 #3/3 | 78.5% #1/3 |
| Hamilton County, TN | 375,392 | $311,675 | $1,253 | 63.9% |
| Franklin County, TN | 44,097 | $361,888 | $893 | 77.4% |
Frequently Asked Questions
Common questions about the housing market in Marion County, Tennessee.
What is the median home price in Marion County, Tennessee?
The median home price in Marion County, Tennessee is $160,237, lower than the Tennessee average of $255,786.
What is the average home price in Marion County, Tennessee?
The typical home price in Marion County, Tennessee, reported as the median sale price, is $160,237. 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, Tennessee?
The median gross rent in Marion County, Tennessee is $853 per month, lower than the Tennessee average of $1,188.
What was the median gross rent in Marion County in 2020?
In 2020, the median gross rent in Marion County, Tennessee was $710 per month.
What is the price-to-rent ratio in Marion County, Tennessee?
The price-to-rent ratio in Marion County, Tennessee is about 15.7, meaning it would take roughly 15.7 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Marion County.
Are home prices or rent rising faster in Marion County, Tennessee?
Both home prices and rent are rising in Marion County, up about 38.6% and 3.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Marion County, Tennessee?
66.3% of households in Marion County, Tennessee own their home, higher than the Tennessee average of 60.1%.
What is the vacancy rate in Marion County, Tennessee?
The housing vacancy rate in Marion County, Tennessee is 15.6%, higher than the Tennessee average of 10.2%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →