Side-by-side comparison of Marion, OH and Mount Vernon, OH — cap rates, rent, prices, and investment metrics.
Cash flow: Marion has the edge with an estimated cap rate of 5.79% compared to Mount Vernon's 2.79%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $170,000 in Marion vs $275,000 in Mount Vernon, while rents come in at $1,240/mo and $1,270/mo respectively. For context, the national average cap rate is 3.81% and average price is $333K.
Growth & appreciation: Marion is growing faster at 0.2% annually vs Mount Vernon's 0.2%. Marion leads on home value appreciation at 2.2% per year.
Costs & risk: Property taxes are 1.58% in Marion vs 1.58% in Mount Vernon. Vacancy rates of 6.7% and 6.7% are mixed — Mount Vernon has the tighter rental market.
Entry point: Marion offers a lower entry at $170K vs Mount Vernon's $275K — a difference of $105K. With a 20% down payment, that's $34K vs $55K. Marion combines the lower price with a higher cap rate — a compelling combination.
Bottom line: Marion edges out Mount Vernon on most key metrics. With a 5.79% cap rate, it offers solid cash flow potential. Use our free calculators to model specific deals in Marion or Mount Vernon.