Marion, Arkansas Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Marion, Arkansas rental market.
Marion, Arkansas
Average Apartment Rent
$1,066
Y-o-Y Change in Average
Apartment Rent
15.6%
As of July 2024
Compared to a year ago, Marion, Arkansas apartments have recorded a 15.6% rent increase.
Marion, Arkansas Average apartment rent trend
Marion, Arkansas Average Apartment Rent
Marion, Arkansas Apartment rent ranges
At 58.33%, apartments priced $1,000 - $1,500 represent the bulk of Marion, Arkansas rentals, while condos priced $700 - $1000 hold the lowest share of the market – 41.67%.
Marion, Arkansas Housing tenure**
Renters take up 29% of Marion, Arkansas real estate, occupying a total of 1,474 units, while homeowners live in 3,631 properties.
Median number of rooms of renter-occupied housing units**
3.7
Renter median household income**
$47,917
Average household size of renter-occupied housing units**
2.3
Rental vacancy rate**
4.4%
Marion, Arkansas Renter-occupied housing units by no. of bedrooms**
There are 662 rentals in Marion, Arkansas with 2 beds making up the highest share of the market, at 45%. Units with No bedrooms, on the other hand, hold the lowest percentage (1%), amounting to 22 units. Overall, the median number of rooms in Marion, Arkansas homes for rent is 3.7.
Marion, Arkansas Renter-occupied units by age of householder**
Most condos for rent in Marion, Arkansas are occupied by residents in the 25 - 34 years age group (35%), followed by those in the 35 - 44 years age group (24%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 1%.
Marion, Arkansas Renter-occupied housing units by family type**
Marion, Arkansas Renter-occupied housing units by the presence of own children**
A total of 754 apartments for rent in Marion, Arkansas, or 51% of all rentals are family households. Additionally, 39% of rental homes include children under the age of 18 – that’s 578 units. All in all, the median size of a renter-occupied household in Marion, Arkansas is 2.3.
Marion, Arkansas Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 16% of the rental market. In contrast, residents with less than a high school degree reside in 3% of the homes for rent in Marion, Arkansas.
Marion, Arkansas Renter-occupied units by year structure built**
The highest share of Marion, Arkansas apartment rentals, namely 31% or 459 units, were Built 1990 - 1999, followed by those Built 2000 - 2009 (31%, 453 units), and the ones Built 1980 - 1989 (12%, 172 units).
Marion, Arkansas Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Marion, Arkansas renters (50%) moved in 2010 to 2017, while only 4% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Marion, Arkansas condos for rent is 2017.
Marion, Arkansas Renter-occupied housing units by vehicles available**
When it comes to transportation options, 67% of Marion, Arkansas renters have 1 vehicle available per household, 26% of them have 2 vehicles available, and 3% have No vehicle available.
Marion, Arkansas Means of transportation to work of householders living in renter-occupied housing units**
Marion, Arkansas Geographical mobility in the past year for householders living in renter-occupied housing units**
Marion, Arkansas Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Marion, Arkansas apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
