Marion, VA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Marion short-term rental market based on reliable data.

Listings

39 / 56

Reliable / Active

Cap Rate

15%

Middle-Earners Gross Yield

Revenue

$23,322

Middle-Earners Revenue

Occupancy

53%

Middle-Earners Occupancy

Home Value

$154,984

Median Home Sale Price

Top Earners

$39,332

Top-Earners Revenue

Marion

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Marion.

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B

Generally Investor friendly

Marion Regulations

Allowed by right in R‑2/R‑3/R‑4 with clear registration and no caps, though excluded from R‑1 and moderate fees/compliance apply.

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About Marion

Marion is a town in, and the county seat of, Smyth County, Virginia, United States. It is positioned upon Interstate 81, in the Blue Ridge portion of the Southern Appalachian mountains in Southwest Virginia. The town is named for American Revolutionary War officer Francis Marion. The town limits had a population of approximately 6,000, per 2020 Census estimates. However, together with the neighborhoods, an additional 9,000 residents residing in unincorporated Smyth County have Marion mailing addresses, granting the Marion, VA ZIP code (24354) a total population of about 14,500, which is around half of the county's total population.

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