How many renters live in Marion, Ohio?
The City of Marion has 35,927 people living in 12,266 households.
There are 13,214 renters living in 5,512 renter households in this City. Renters make up 36.78 percent of the population living in Marion.
What is the rental market like in Marion, Ohio?
There are an estimated 14,326 housing units in the Marion area. Of these, 5,708 units are rental homes, making up 40 percent of the housing market. For every renter household in Marion, Ohio, there are 1 rental units.
What is the vacancy rate for rentals in Marion?
The rental vacancy rate in Marion is 3 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Marion for each bedroom size?
Occupied Rental Units by Size in Marion
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 191 | 1,181 | 1,741 | 1,943 | 380 |
Occupied Rental Units by Size in Marion
A large number of apartments in Marion have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Marion are overburdened by housing costs?
Among renter households in this market, 47 percent have housing cost burden. Further, 23 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Marion
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $723 to $1,273. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $723 |
| One BR | $728 |
| Two BR | $956 |
| Three BR | $1,156 |
| Four BR | $1,273 |
2024 Fair Market Rents in Marion, Ohio
How many units are rented at Fair Market Rent (FMR) in Marion?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 37 | 19 percent |
| One BR | 945 | 80 percent |
| Two BR | 1,268 | 73 percent |
Rental Units Below FMR in Marion, Ohio
How many affordable rental units are in Marion?
There are a variety of federal affordable housing programs serving households in Marion, Ohio including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 450 |
| Section 8 Project-Based Rental Assistance | 374 |
| Section 202 Supportive Housing for the Elderly | 76 |
| Section 811 Supportive Housing for Persons with Disabilities | 10 |
Tracked Units by Federal Program in Marion, Ohio
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Marion, Ohio
Marion features 496 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Marion, Ohio
There are 549 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Marion.
Housing Choice Vouchers in Marion, Ohio
On average, Section 8 Housing Choice vouchers pay Marion landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Marion.
The maximum amount a voucher would pay on behalf of a low-income tenant in Marion, Ohio for a two-bedroom apartment is between $860 and $1,052.
Sourced from federal housing data and AffordableHousingOnline.com research.
