Marathon, Florida Real Estate & Housing Market

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Marathon Housing Information

Index	Marathon	Florida	National
Median home price	$340,800	$166,800	$184,700
Median rent asked	$1,208	$1,032	$949
Avg. people per household	2.7	2.6	2.6
Owner occupied households	56.9%	64.8%	63.6%
Renter occupied households	43.1%	35.2%	36.4%

The above shows an overview of the real estate market in Marathon, FL. Note how the median home price for Marathon, FL runs $340,800, which is 104% higher than the average property price for Florida. So you’re going to get real estate in Marathon, FL that is on-average less affordable than what you’ll find in the rest of Florida. As for rent, the median for Marathon, FL runs $1,208, which is comparatively 17% higher than the average rent for Florida. For Marathon, FL, about 56.9% of the population consist of home owners with about 2.7 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Marathon, FL offers a wide variety of real estate. To find your perfect home in Marathon, FL, filter your choice by price, location, and number of beds and baths using the search area above.

Marathon Home Affordability

When deciding where to purchase Marathon, FL real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In Marathon, FL the median home price is $340,800 and $51,286 is the median household income. As a result, the home price to income ratio in Marathon, FL is 6.6x, which is 95% higher than the Florida average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in Marathon, FL the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in Marathon, FL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Layton, FL	111	$392,000	112%
Key Colony Beach, FL	696	$510,400	176%
Duck Key, FL	716	$586,300	217%
Marathon, FL	8,701	$340,800	85%

Cities with similar population

City, State	Population	Home Price	National Avg.
Edgewood, KY	8,703	$204,300	11%
Temperance, MI	8,705	$154,400	16%
Franklin, KY	8,706	$96,700	48%
Murphy, MO	8,706	$126,100	32%
Oxford, NC	8,707	$137,200	26%
Marathon, FL	8,701	$340,800	85%

Source: The Marathon, FL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).