Marion, AL

Marion is a city located in Marion County, Alabama, United States. As of the 2010 census, the population was 25,821. The city is the county seat of Marion County and is included in the Birmingham-Hoover Metropolitan Statistical Area.

The city was founded in 1819 by General James F. Fagan and named for his wife, Marion Cunningham Fagan. The first post office opened on October 1, 1819. The city's economy was based largely on agriculture until the early 20th century when it began to develop as a center for retail sales and manufacturing. In recent years Marion has experienced significant growth as a result of its proximity to Birmingham and its status as a bedroom community for workers in that larger city.

Real estate in Marion can be classified into three general categories: residential properties (single family homes and apartments), commercial properties (stores and restaurants), and industrial properties (manufacturing plants). The median price of a home in Marion was $130,000 in 2016 according to Zillow data; this represents an increase from $117,500 during the same period last year. Commercial real estate also saw an increase during this time period with median prices reaching $140,000; however industrial property saw the largest decrease with median prices dropping by nearly $20,000 from last year's figure of $160,000 to $140,000 this year.

The majority of residents living within Marion are homeowners; approximately 73% of households own their homes while 27% are renters according to 2016 Census data . Homeownership rates have been increasing over time due to low interest rates coupled with increased demand for housing within the metropolitan area . Rates for rental properties have also been increasing over time but remain much lower than homeowner rates; approximately 10% of households are renters while 86% are homeowners .

In terms of demographics , Marion is predominantly made up of white residents (96%) compared to black residents who make up 2%. Hispanic or Latino residents make up 1% while other races make up less than 1%. There is also a large age range represented with adults ranging from 18-64 years old making up 54% while those 65 years or older account for 32%.

There are many factors that contribute to real estate values within Marion including location , size/shape/condition , amenities , schools , commute times , etc . However one important factor that cannot be ignored is market demand ; if there is high demand for a certain type or style of home then prices will be higher than if there isn't high demand . This can often happen when there is an influx of new residents into an area which drives up prices due to limited supply .