Updated 2026 · Based on median market data for Marion, OH
The median monthly rent in Marion, OH is $1,240, translating to $14,880 in annual gross rental income per unit. The rent-to-price ratio is 0.73% — below the 1% rule but within a range where deals can work with good financing.
Renters in Marion spend approximately 31% of the local median household income ($47,711) on rent. This exceeds the standard 30% affordability threshold, suggesting rent growth may face resistance — but it also means a large portion of the population finds buying even more out of reach, supporting rental demand.
The vacancy rate in Marion is 6.7%. This is a healthy vacancy rate that indicates balanced supply and demand. You should be able to find quality tenants without extended vacancies, though expect normal turnover periods of 2-4 weeks between tenants. Population growth of 0.2% annually provides stable demand.
Marion's GRM (price divided by annual rent) is 11.4x. A GRM under 12x is excellent — it means you're paying less than 12 years of gross rent for the property, suggesting strong income relative to price. For comparison, the national average GRM for investment-grade rentals is approximately 13-15x.
At the median rent of $1,240/mo, a single-family rental in Marion generates approximately $14,880 in gross annual income. After accounting for 6.7% vacancy ($997 lost), property taxes of $2,686, insurance (~$680), and maintenance (~$680), the estimated NOI is $9,837 per year, or $820/mo.
Marion vs Ohio state average and national average across key investment metrics. Marion outperforms both benchmarks on cap rate.