Marion Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Marion averaged 7.34% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 7.12% and one month ago for the week of 2024-03-14, the average rate was 6.98%.

    Marion's average rate one year ago was 6.31%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.4%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Marion 30 Year Fixed Rate 2024-04-18 7.34%
    Marion 30 Year Fixed Rate Refi 2024-04-18 7.4%
    Marion 15 Year Fixed Rate 2024-04-18 6.59%
    Marion 15 Year Fixed Rate Refi 2024-04-18 6.29%
    Marion 30 Year FHA 2024-04-18 7.19%
    Marion 30 Year FHA Refi 2024-04-18 7.06%
    Marion 30 Year USDA 2024-04-18 7.06%
    Marion 30 Year USDA Refi 2024-04-18 6.86%
    Marion 30 Year VA 2024-04-18 6.86%
    Marion 30 Year VA Refi 2024-04-18 6.56%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Marion, OH.

    Marion Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Marion, OH market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNION HOME MORTGAGE CORP. 53 7.25% $4,616
    First Federal Bank of the Midwest 38 6.83% $3,200
    The Huntington National Bank 32 7.06% $4,497
    UNITED 31 7.06% $3,072
    QUICKEN LOANS, LLC 30 6.90% $5,905
    JPMorgan Chase Bank 15 7.00% $3,712
    RUOFF MORTGAGE COMPANY, INC. 11 7.01% $3,259
    NFM, INC. 9 6.78% $7,247
    Fifth Third Bank 8 7.49% $3,283
    CROSSCOUNTRY MORTGAGE, LLC 8 6.99% $6,820
    Union Savings Bank 7 6.34% $3,421
    FIRST COMMUNITY MORTGAGE, INC. 7 6.71% $3,261
    THE EQUITABLE MORTGAGE CORPORATION 7 6.86% $4,196
    T2 FINANCIAL LLC 7 6.82% $4,626
    EQUITY RESOURCES, INC. 6 6.69% $4,032
    The Park National Bank 5 6.25% $3,552
    PNC Bank 5 7.25% $3,614
    The Union Bank Company 5 6.43% $3,530
    First Commonwealth Bank 4 6.25% $3,246
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 7.25% $5,691
    Civista Bank 4 6.59% $3,177
    UNITED WHOLESALE MORTGAGE, LLC 4 7.11% $3,218
    NEWREZ LLC 3 6.71% $6,109
    RAPID MORTGAGE COMPANY 3 6.88% $5,040
    THRIVE MORTGAGE, LLC 3 6.67% $3,939
    The Richwood Banking Company 3 6.83% $2,790
    CHURCHILL MORTGAGE CORPORATION 3 7.42% $4,336
    AmeriHome Mortgage Company, LLC 3 6.00% $5,023
    GUARANTEED RATE AFFINITY, LLC 3 6.75% $3,697
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 7.88% $8,375
    GUARANTEED RATE, INC. 2 6.74% $8,895
    CNB Bank 2 6.25% $3,937
    DAS Acquisition Company, LLC 2 6.93% $4,188
    Fidelity Federal Savings and Loan Association 2 5.75% $2,568
    Heartland Bank 2 7.25% $2,918
    HOMESIDE FINANCIAL, LLC 2 7.88% $4,902
    HONDA Federal Credit Union 2 6.69% $2,964
    KEMBA FINANCIAL 2 6.13% $3,429
    LOANDEPOT.COM, LLC 2 6.99% $6,673
    Pathways Financial Credit Union, Inc. 2 6.63% $3,348
    RELIANCE FIRST CAPITAL, LLC 2 7.94% $6,559
    The State Bank and Trust Company 2 7.19% $3,913
    Third Federal Savings and Loan Association of Cleveland 2 6.84% $23
    WRIGHT-PATT CREDIT UNION, INC. 2 7.69% $3,162
    LIBERTY HOME MORTGAGE CORPORATION 1 6.88% $4,099
    USAA Federal Savings Bank 1 6.00% $4,428
    PENNYMAC LOAN SERVICES, LLC 1 7.00% $9,532
    PENTAGON FEDERAL CREDIT UNION 1 5.75% $8,421
    KeyBank 1 6.88% $4,428
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 8.38% $4,013
    Prosperity Home Mortgage, LLC 1 6.88% $7,661
    AMERICAN FINANCING CORPORATION 1 6.63% $5,177
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 8.13% $3,975
    U.S. Bank 1 6.63% $3,017
    Gateway First Bank 1 6.38% $2,823
    SUN Federal Credit Union 1 6.75% $2,085
    Flagstar Bank, FSB 1 7.37% $3,153
    First National Bank of Pennsylvania 1 6.75% $2,950
    First Bank Richmond 1 8.13% $3,371
    EVERETT FINANCIAL, INC. 1 7.25% $8,547
    ENDEAVOR CAPITAL, LLC. 1 6.88% $6,550
    Wells Fargo Bank 1 6.75% $3,386
    East Coast Capital Corp. 1 6.38% $4,531
    ZILLOW HOME LOANS, LLC 1 6.63% $3,376
    Discover Bank 1 5.99% $0
    Cf Bank 1 8.25% $3,636
    Cache Valley Bank 1 6.00% $4,407
    Byron Bank 1 7.63% $2,524
    BMI Federal Credit Union 1 4.99% $2,791
    M&T Bank 1 6.00% $6,208
    NAVY FEDERAL CREDIT UNION 1 6.63% $2,824
    NBKC BANK 1 7.38% $1,851
    Neighborhood Loans, Inc. 1 7.50% $7,826
    MICHIGAN MUTUAL, INC. 1 6.50% $2,819

    Marion Average Closing Costs & Other Stats

    Marion, OH's 74 lenders originated 1,159 loans during 2023. The total origination value was $159,425,000, with an average loan value of $137,554.

    Marion's average closing costs are $4,373.

    The top Marion lender as defined by loan originations is UNION HOME MORTGAGE CORP., with 53 loans originated. Their average total fees are $4,616, which is $1,417 higher than the next largest lender, First Federal Bank of the Midwest.

    The lowest fee Marion lenders (with over 10 loans originated) are UNITED ($3,072), First Federal Bank of the Midwest ($3,200), RUOFF MORTGAGE COMPANY, INC. ($3,259), JPMorgan Chase Bank ($3,712) and The Huntington National Bank ($4,497).

    The lowest rate Marion lenders (with over 10 loans originated) are First Federal Bank of the Midwest (6.83%), QUICKEN LOANS, LLC (6.90%), JPMorgan Chase Bank (7.00%), RUOFF MORTGAGE COMPANY, INC. (7.01%) and UNITED (7.06%).

    Marion, OH Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    UNION HOME MORTGAGE CORP. $27,745,000 $18,545,000 -33.2% 11.6%
    QUICKEN LOANS, LLC $13,075,000 $11,940,000 -8.7% 7.5%
    The Huntington National Bank $11,310,000 $10,035,000 -11.3% 6.3%
    First Federal Bank of the Midwest $18,940,000 $9,880,000 -47.8% 6.2%
    UNITED $9,280,000 $7,470,000 -19.5% 4.7%
    The Park National Bank $3,010,000 $6,045,000 100.8% 3.8%
    NFM, INC. $3,490,000 $5,085,000 45.7% 3.2%
    CROSSCOUNTRY MORTGAGE, LLC $895,000 $4,690,000 424.0% 2.9%
    AG Credit, Agricultural Credit Association $890,000 $3,200,000 259.6% 2.0%
    Fifth Third Bank $3,150,000 $3,100,000 -1.6% 1.9%
    First Citizens National Bank $2,955,000 n/a 1.9%
    JPMorgan Chase Bank $4,985,000 $2,845,000 -42.9% 1.8%
    PNC Bank $4,965,000 $2,830,000 -43.0% 1.8%
    RUOFF MORTGAGE COMPANY, INC. $2,560,000 $2,820,000 10.2% 1.8%
    Union Savings Bank $625,000 $2,770,000 343.2% 1.7%
    CNB Bank $2,595,000 $2,765,000 6.6% 1.7%
    UNITED WHOLESALE MORTGAGE, LLC $6,015,000 $2,535,000 -57.9% 1.6%
    Mortgage Research Center, LLC $2,125,000 $2,225,000 4.7% 1.4%
    The Union Bank Company $5,525,000 $2,085,000 -62.3% 1.3%
    PENNYMAC LOAN SERVICES, LLC $2,135,000 $1,940,000 -9.1% 1.2%
    THE EQUITABLE MORTGAGE CORPORATION $460,000 $1,690,000 267.4% 1.1%
    FIRST OHIO HOME FINANCE, INC. $295,000 $1,560,000 428.8% 1.0%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $840,000 $1,540,000 83.3% 1.0%
    NEWREZ LLC $680,000 $1,380,000 102.9% 0.9%
    The Federal Savings Bank $715,000 $1,310,000 83.2% 0.8%
    T2 FINANCIAL LLC $2,065,000 $1,290,000 -37.5% 0.8%
    FIRST COMMUNITY MORTGAGE, INC. $275,000 $1,225,000 345.5% 0.8%
    Superior Credit Union, Inc. $215,000 $1,115,000 418.6% 0.7%
    EQUITY RESOURCES, INC. $2,675,000 $1,110,000 -58.5% 0.7%
    The Richwood Banking Company $10,895,000 $1,105,000 -89.9% 0.7%
    Carrington Mortgage Services, LLC $780,000 $1,095,000 40.4% 0.7%
    GUARANTEED RATE, INC. $685,000 $1,075,000 56.9% 0.7%
    First Commonwealth Bank $460,000 $1,040,000 126.1% 0.7%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $640,000 $1,035,000 61.7% 0.6%
    FREEDOM MORTGAGE CORPORATION $2,340,000 $970,000 -58.5% 0.6%
    GUARANTEED RATE AFFINITY, LLC $950,000 $935,000 -1.6% 0.6%
    HOMESIDE FINANCIAL, LLC $1,915,000 $835,000 -56.4% 0.5%
    Civista Bank $375,000 $830,000 121.3% 0.5%
    NAVY FEDERAL CREDIT UNION $405,000 $815,000 101.2% 0.5%
    Flagstar Bank, FSB $1,155,000 $700,000 -39.4% 0.4%
    U.S. Bank $745,000 $700,000 -6.0% 0.4%
    LOANDEPOT.COM, LLC $2,720,000 $685,000 -74.8% 0.4%
    RAPID MORTGAGE COMPANY $1,190,000 $680,000 -42.9% 0.4%
    KEMBA FINANCIAL $270,000 $665,000 146.3% 0.4%
    DAS Acquisition Company, LLC $225,000 $620,000 175.6% 0.4%
    HONDA Federal Credit Union $2,010,000 $620,000 -69.2% 0.4%
    The State Bank and Trust Company $115,000 $620,000 439.1% 0.4%
    MID AMERICA MORTGAGE, INC. $250,000 $565,000 126.0% 0.4%
    Third Federal Savings and Loan Association of Cleveland $1,335,000 $565,000 -57.7% 0.4%
    BROKER SOLUTIONS, INC. $1,355,000 $560,000 -58.7% 0.4%
    Mr. Cooper ( Nationstar Mortgage ) $1,960,000 $560,000 -71.4% 0.4%
    Barrington Bank & Trust Company, N.A. $420,000 $550,000 31.0% 0.3%
    First Bank Richmond $545,000 n/a 0.3%
    Pathways Financial Credit Union, Inc. $95,000 $505,000 431.6% 0.3%
    Heartland Bank $230,000 $500,000 117.4% 0.3%
    Discover Bank $265,000 $490,000 84.9% 0.3%
    WRIGHT-PATT CREDIT UNION, INC. $870,000 $490,000 -43.7% 0.3%
    PENTAGON FEDERAL CREDIT UNION $475,000 n/a 0.3%
    EVERETT FINANCIAL, INC. $460,000 $470,000 2.2% 0.3%
    Fidelity Federal Savings and Loan Association $450,000 n/a 0.3%
    CHURCHILL MORTGAGE CORPORATION $445,000 n/a 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $320,000 $435,000 35.9% 0.3%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $430,000 n/a 0.3%
    AmeriHome Mortgage Company, LLC $425,000 n/a 0.3%
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $425,000 n/a 0.3%
    THRIVE MORTGAGE, LLC $425,000 n/a 0.3%
    VANDERBILT MORTGAGE AND FINANCE, INC. $25,000 $425,000 1,600.0% 0.3%
    LENDINGHOME FUNDING CORPORATION $95,000 $410,000 331.6% 0.3%
    Figure Lending LLC $290,000 $405,000 39.7% 0.3%
    PLANET HOME LENDING, LLC $500,000 $400,000 -20.0% 0.3%
    ROYAL UNITED MORTGAGE LLC $710,000 $400,000 -43.7% 0.3%
    First Merchants Bank $395,000 n/a 0.2%
    LIBERTY HOME MORTGAGE CORPORATION $75,000 $395,000 426.7% 0.2%
    Coastal Community Bank $390,000 n/a 0.2%
    RELIANCE FIRST CAPITAL, LLC $175,000 $390,000 122.9% 0.2%
    ENDEAVOR CAPITAL, LLC. $370,000 n/a 0.2%
    GUILD MORTGAGE COMPANY $275,000 $370,000 34.5% 0.2%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $2,965,000 $370,000 -87.5% 0.2%
    First Federal Community Bank of Bucyrus $810,000 $365,000 -54.9% 0.2%
    KeyBank $380,000 $365,000 -3.9% 0.2%
    LIMA ONE CAPITAL, LLC $360,000 n/a 0.2%
    TRIAD FINANCIAL SERVICES, INC. $135,000 $340,000 151.9% 0.2%
    HALLMARK HOME MORTGAGE, LLC $210,000 $335,000 59.5% 0.2%
    SUN WEST MORTGAGE COMPANY, INC. $325,000 n/a 0.2%
    POLARIS HOME FUNDING CORP. $355,000 $320,000 -9.9% 0.2%
    BAYSHORE MORTGAGE FUNDING, LLC $315,000 n/a 0.2%
    Wells Fargo Bank $1,105,000 $310,000 -71.9% 0.2%
    AMERISAVE MORTGAGE CORPORATION $1,455,000 $305,000 -79.0% 0.2%
    Pinnacle Bank $305,000 n/a 0.2%
    Citizens Bank $775,000 $300,000 -61.3% 0.2%
    VERITAS FUNDING, LLC $225,000 $285,000 26.7% 0.2%
    GENEVA FINANCIAL, LLC $465,000 $275,000 -40.9% 0.2%
    1ST SIGNATURE LENDING, LLC $295,000 $270,000 -8.5% 0.2%
    NTFN, INC. $750,000 $265,000 -64.7% 0.2%
    ZILLOW HOME LOANS, LLC $255,000 n/a 0.2%
    GSF Mortgage Corporation $645,000 $250,000 -61.2% 0.2%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $250,000 n/a 0.2%
    M&T Bank $250,000 n/a 0.2%
    Gateway First Bank $240,000 n/a 0.2%
    Neighborhood Loans, Inc. $395,000 $235,000 -40.5% 0.1%
    NEW DAY FINANCIAL, LLC $1,000,000 $235,000 -76.5% 0.1%
    EMM LOANS LLC $225,000 n/a 0.1%
    Kingston National Bank $205,000 n/a 0.1%
    The Middlefield Banking Company $205,000 n/a 0.1%
    CARDINAL FINANCIAL $360,000 $195,000 -45.8% 0.1%
    First Financial Bank $185,000 n/a 0.1%
    Paramount Residential Mortgage Group, Inc. $105,000 $175,000 66.7% 0.1%
    Bank of England $125,000 $165,000 32.0% 0.1%
    Prosperity Home Mortgage, LLC $165,000 n/a 0.1%
    BMI Federal Credit Union $65,000 $155,000 138.5% 0.1%
    CLEARPATH LENDING $245,000 $155,000 -36.7% 0.1%
    HOWARD HANNA FINANCIAL SERVICES, INC. $155,000 n/a 0.1%
    NBKC BANK $315,000 $155,000 -50.8% 0.1%
    Truist $75,000 $145,000 93.3% 0.1%
    SPRING EQ, LLC $160,000 $140,000 -12.5% 0.1%
    Cache Valley Bank $135,000 n/a 0.1%
    Cf Bank $125,000 n/a 0.1%
    CONTOUR MORTGAGE CORPORATION $125,000 n/a 0.1%
    CORNERSTONE COMMUNITY FINANCIAL $125,000 n/a 0.1%
    MICHIGAN MUTUAL, INC. $125,000 n/a 0.1%
    SUN Federal Credit Union $125,000 n/a 0.1%
    First National Bank of Pennsylvania $115,000 n/a 0.1%
    21ST MORTGAGE CORPORATION $470,000 $100,000 -78.7% 0.1%
    Byron Bank $95,000 n/a 0.1%
    TOP FLITE FINANCIAL, INC. $220,000 $95,000 -56.8% 0.1%
    AMERICAN FINANCIAL RESOURCES, INC. $85,000 n/a 0.1%
    East Coast Capital Corp. $265,000 $85,000 -67.9% 0.1%
    GENERAL ELECTRIC CREDIT UNION $85,000 n/a 0.1%
    LOANPAL, LLC $55,000 $75,000 36.4% 0.0%
    FINANCE OF AMERICA REVERSE LLC $65,000 n/a 0.0%
    USAA Federal Savings Bank $225,000 $65,000 -71.1% 0.0%
    VELOCITY COMMERCIAL CAPITAL, LLC $85,000 $65,000 -23.5% 0.0%
    First American Bank $55,000 n/a 0.0%
    TELHIO $375,000 $55,000 -85.3% 0.0%
    AMERICAN FINANCING CORPORATION $545,000 $45,000 -91.7% 0.0%

    Marion's top lender by overall market share is UNION HOME MORTGAGE CORP., with 11.6% market share. In second place, with 7.5%, is QUICKEN LOANS, LLC, having originated $11,940,000 in loans. In third place, with 6.3%, is The Huntington National Bank, having originated $10,035,000 in loans. In fourth place, with 6.2%, is First Federal Bank of the Midwest, having originated $9,880,000 in loans. In fifth place, with 4.7%, is UNITED, having originated $7,470,000 in loans.

    Marion Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Marion (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $79,400 (-5.6%) $121,146 (9.0%) 0.00 135
    2018-02-01 $79,650 (-0.4%) $126,444 (11.2%) 0.00 132
    2018-03-01 $78,950 (-1.3%) $126,265 (10.1%) 0.00 128
    2018-04-01 $79,425 (-0.1%) $134,571 (22.4%) 0.00 109
    2018-05-01 $88,663 (11.9%) $132,892 (19.0%) 0.00 112
    2018-06-01 $94,500 (8.7%) $139,920 (13.6%) 0.00 129
    2018-07-01 $99,200 (12.8%) $142,133 (13.7%) 0.00 142
    2018-08-01 $91,450 (5.8%) $135,050 (6.6%) 0.00 168
    2018-09-01 $91,900 (15.0%) $129,849 (5.9%) 0.00 167
    2018-10-01 $88,675 (13.1%) $126,916 (0.9%) 0.00 159
    2018-11-01 $84,225 (10.4%) $117,602 (1.1%) 0.00 162
    2018-12-01 $74,900 (0.0%) $110,366 (-5.8%) 0.00 152
    2019-01-01 $74,900 (-5.7%) $103,412 (-14.6%) 0.00 134
    2019-02-01 $79,900 (0.3%) $106,028 (-16.2%) 0.00 117
    2019-03-01 $79,357 (0.5%) $109,586 (-13.2%) 0.00 106
    2019-04-01 $78,900 (-0.7%) $112,892 (-16.1%) 0.00 96
    2019-05-01 $91,475 (3.2%) $133,149 (0.2%) 0.00 97
    2019-06-01 $89,900 (-4.9%) $141,781 (1.3%) 0.00 112
    2019-07-01 $91,500 (-7.8%) $149,466 (5.2%) 0.00 108
    2019-08-01 $102,960 (12.6%) $152,309 (12.8%) 0.00 112
    2019-09-01 $106,920 (16.3%) $151,769 (16.9%) 0.00 120
    2019-10-01 $109,950 (24.0%) $150,691 (18.7%) 0.00 133
    2019-11-01 $109,900 (30.5%) $149,253 (26.9%) 0.00 137
    2019-12-01 $94,688 (26.4%) $145,689 (32.0%) 0.00 128
    2020-01-01 $89,900 (20.0%) $144,638 (39.9%) 0.00 102
    2020-02-01 $89,500 (12.0%) $135,351 (27.7%) 0.00 93
    2020-03-01 $84,125 (6.0%) $136,360 (24.4%) 0.00 78
    2020-04-01 $87,800 (11.3%) $137,728 (22.0%) 0.00 75
    2020-05-01 $87,900 (-3.9%) $149,850 (12.5%) 0.00 79
    2020-06-01 $89,600 (-0.3%) $136,246 (-3.9%) 0.00 64
    2020-07-01 $96,400 (5.4%) $153,670 (2.8%) 0.00 59
    2020-08-01 $114,950 (11.7%) $169,189 (11.1%) 0.00 56
    2020-09-01 $135,400 (26.6%) $180,316 (18.8%) 0.00 54
    2020-10-01 $119,900 (9.1%) $164,500 (9.2%) 0.00 66
    2020-11-01 $138,950 (26.4%) $176,200 (18.1%) 0.00 67
    2020-12-01 $129,200 (36.5%) $165,546 (13.6%) 0.00 56
    2021-01-01 $137,200 (52.6%) $176,741 (22.2%) 0.00 41
    2021-02-01 $105,375 (17.7%) $166,234 (22.8%) 0.00 30
    2021-03-01 $93,700 (11.4%) $159,505 (17.0%) 0.00 30
    2021-04-01 $167,200 (90.4%) $177,704 (29.0%) 0.00 41
    2021-05-01 $194,900 (121.7%) $180,897 (20.7%) 0.00 52
    2021-06-01 $149,450 (66.8%) $175,008 (28.5%) 0.00 52
    2021-07-01 $129,900 (34.8%) $163,493 (6.4%) 0.00 71
    2021-08-01 $130,325 (13.4%) $172,965 (2.2%) 0.00 82
    2021-09-01 $121,800 (-10.0%) $163,744 (-9.2%) 0.00 75
    2021-10-01 $114,900 (-4.2%) $151,246 (-8.1%) 0.00 78
    2021-11-01 $124,250 (-10.6%) $145,283 (-17.6%) 0.00 78
    2021-12-01 $119,225 (-7.7%) $141,677 (-14.4%) 0.00 70
    2022-01-01 $119,900 (-12.6%) $139,405 (-21.1%) 0.00 56
    2022-02-01 $129,250 (22.7%) $165,545 (-0.4%) 0.00 33
    2022-03-01 $135,700 (44.8%) $177,307 (11.2%) 0.00 26
    2022-04-01 $143,500 (-14.2%) $172,176 (-3.1%) 0.00 31
    2022-05-01 $103,092 (-47.1%) $147,397 (-18.5%) 0.00 59
    2022-06-01 $111,725 (-25.2%) $159,448 (-8.9%) 0.00 74
    2022-07-01 $138,900 (6.9%) $173,428 (6.1%) 0.00 75
    2022-08-01 $154,975 (18.9%) $197,608 (14.3%) 0.00 87
    2022-09-01 $148,900 (22.3%) $182,386 (11.4%) 0.00 99
    2022-10-01 $145,000 (26.2%) $172,198 (13.9%) 0.00 110
    2022-11-01 $146,075 (17.6%) $173,785 (19.6%) 0.00 96
    2022-12-01 $139,900 (17.3%) $169,973 (20.0%) 0.00 87
    2023-01-01 $134,900 (12.5%) $166,484 (19.4%) 0.00 70
    2023-02-01 $126,225 (-2.3%) $165,978 (0.3%) 0.00 60
    2023-03-01 $127,450 (-6.1%) $176,856 (-0.3%) 0.00 54
    2023-04-01 $138,200 (-3.7%) $174,060 (1.1%) 0.00 46
    2023-05-01 $131,700 (27.8%) $162,671 (10.4%) 0.00 40
    2023-06-01 $139,950 (25.3%) $205,864 (29.1%) 0.00 48
    2023-07-01 $164,900 (18.7%) $228,475 (31.7%) 0.00 52
    2023-08-01 $195,175 (25.9%) $239,114 (21.0%) 0.00 69
    2023-09-01 $185,000 (24.2%) $229,162 (25.7%) 0.00 77
    2023-10-01 $177,500 (22.4%) $209,160 (21.5%) 0.00 82
    2023-11-01 $161,225 (10.4%) $207,077 (19.2%) 0.00 96
    2023-12-01 $171,944 (22.9%) $205,346 (20.8%) 0.00 98
    2024-01-01 $174,947 (29.7%) $202,860 (21.9%) 0.00 87
    2024-02-01 $191,225 (51.5%) $221,336 (33.4%) 0.00 77
    2024-03-01 $216,950 (70.2%) $248,955 (40.8%) 0.00 52
    Marion's median listing price for 2024-03-01 was $216,950, a difference of $89,500 (70.2%) versus the prior year and $25,725 versus the prior month.

    Marion's median listing price comes in at 0% of the national average.

    Marion's average listing price for 2024-03-01 was $248,955, a difference of $72,099 (40.8%) versus the prior year and $27,619 versus the prior month.

    For the 2024-03-01 period, Marion had 52 MLS listings, a difference of -25 listings (-32%) versus the prior month and -2 listings (-4%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Marion (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,506 sqft
    2018-02-01 0 days 1,509 sqft
    2018-03-01 0 days 1,513 sqft
    2018-04-01 0 days 1,582 sqft
    2018-05-01 0 days 1,483 sqft
    2018-06-01 0 days 1,484 sqft
    2018-07-01 0 days 1,478 sqft
    2018-08-01 0 days 1,474 sqft
    2018-09-01 0 days 1,481 sqft
    2018-10-01 0 days 1,474 sqft
    2018-11-01 0 days 1,464 sqft
    2018-12-01 0 days 1,422 sqft
    2019-01-01 0 days 1,338 sqft
    2019-02-01 0 days 1,344 sqft
    2019-03-01 0 days 1,337 sqft
    2019-04-01 0 days 1,329 sqft
    2019-05-01 0 days 1,450 sqft
    2019-06-01 0 days 1,442 sqft
    2019-07-01 0 days 1,444 sqft
    2019-08-01 0 days 1,461 sqft
    2019-09-01 0 days 1,488 sqft
    2019-10-01 0 days 1,506 sqft
    2019-11-01 0 days 1,509 sqft
    2019-12-01 0 days 1,542 sqft
    2020-01-01 0 days 1,487 sqft
    2020-02-01 0 days 1,399 sqft
    2020-03-01 0 days 1,429 sqft
    2020-04-01 0 days 1,398 sqft
    2020-05-01 0 days 1,398 sqft
    2020-06-01 0 days 1,448 sqft
    2020-07-01 0 days 1,496 sqft
    2020-08-01 0 days 1,466 sqft
    2020-09-01 0 days 1,564 sqft
    2020-10-01 0 days 1,599 sqft
    2020-11-01 0 days 1,666 sqft
    2020-12-01 0 days 1,475 sqft
    2021-01-01 0 days 1,461 sqft
    2021-02-01 0 days 1,533 sqft
    2021-03-01 0 days 1,493 sqft
    2021-04-01 0 days 1,543 sqft
    2021-05-01 0 days 1,586 sqft
    2021-06-01 0 days 1,549 sqft
    2021-07-01 0 days 1,476 sqft
    2021-08-01 0 days 1,475 sqft
    2021-09-01 0 days 1,446 sqft
    2021-10-01 0 days 1,474 sqft
    2021-11-01 0 days 1,396 sqft
    2021-12-01 0 days 1,321 sqft
    2022-01-01 0 days 1,324 sqft
    2022-02-01 0 days 1,440 sqft
    2022-03-01 0 days 1,393 sqft
    2022-04-01 0 days 1,459 sqft
    2022-05-01 0 days 1,379 sqft
    2022-06-01 0 days 1,520 sqft
    2022-07-01 0 days 1,500 sqft
    2022-08-01 0 days 1,505 sqft
    2022-09-01 0 days 1,484 sqft
    2022-10-01 0 days 1,456 sqft
    2022-11-01 0 days 1,426 sqft
    2022-12-01 0 days 1,476 sqft
    2023-01-01 0 days 1,497 sqft
    2023-02-01 0 days 1,507 sqft
    2023-03-01 0 days 1,536 sqft
    2023-04-01 0 days 1,526 sqft
    2023-05-01 0 days 1,480 sqft
    2023-06-01 0 days 1,576 sqft
    2023-07-01 0 days 1,592 sqft
    2023-08-01 0 days 1,584 sqft
    2023-09-01 0 days 1,560 sqft
    2023-10-01 0 days 1,502 sqft
    2023-11-01 0 days 1,430 sqft
    2023-12-01 0 days 1,446 sqft
    2024-01-01 0 days 1,460 sqft
    2024-02-01 0 days 1,552 sqft
    2024-03-01 0 days 1,614 sqft
    Marion's median listing age (time on market) for 2024-03-01 was 0 days.

    Marion's median square footage for active listings during the 2024-03-01 period was 1,614 sqft. One year prior, the average listing was 1,536 sqft.

    Marion, OH Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 656 $107,290,000 $163,552
    Cash Out Refi 181 $23,575,000 $130,249
    Home Improvement 133 $8,175,000 $61,466
    Other 98 $7,180,000 $73,265
    Refi 91 $13,205,000 $145,110

    Marion's most frequently cited loan purpose was Home Purchase, with 656 originations. The 2nd most popular reason was Cash Out Refi, with 181 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 366 $60,750,000 $165,984
    7-8% 362 $49,970,000 $138,039
    Over 8% 261 $21,675,000 $83,046
    5-6% 120 $21,940,000 $182,833
    <2.5% 8 $130,000 $16,250
    4-5% 5 $635,000 $127,000
    2.5-3% 5 $405,000 $81,000
    3-4% 3 $215,000 $71,667

    During 2023, Marion's most frequently originated rate bucket was 6-7%, with 366 originations.

    Loan Sizing (Marion, OH MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 473 $25,975,000 $54,915
    $100k-200k 470 $66,510,000 $141,511
    $200k-400k 195 $52,355,000 $268,487
    $400k-600k 14 $6,840,000 $488,571
    $600k-1000k 4 $3,220,000 $805,000
    $Over $1MM 3 $4,525,000 $1,508,333

    Marion's loan sizing saw the bucket of loans from $100,000 or less with 473 originations, totaling $25,975,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 521 $91,785,000 $176,171
    60-80% 220 $33,450,000 $152,045
    Under 20% 147 $4,405,000 $29,966
    20-40% 128 $8,700,000 $67,969
    40-60% 97 $13,755,000 $141,804
    Over 100% 12 $2,250,000 $187,500

    Marion's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 521 originations, totaling $91,785,000 in origination value.