Marion County Home Buying Guide
Everything you need to know about buying a home in Marion County, Florida. Protect yourself from fraud while navigating the local real estate market.
Marion County Real Estate Market Overview
Growing Market
Nearly 15,400 people moved to Marion County in 2024, driving demand for housing. Over 6,400 new housing units were added to meet growing population needs.
Strategic Location
Located between Gainesville and Orlando with no state income tax, low cost of living, and proximity to major Florida attractions.
Diverse Communities
From downtown Ocala lofts to equestrian properties, rural land, and 55+ communities, Marion County offers housing for every lifestyle.
First-Time Homebuyer Resources
Florida Housing Finance Corporation
First-time homebuyer programs with down payment assistance and below-market interest rates.
www.floridahousing.orgUSDA Rural Development
Zero down payment loans for eligible rural areas in Marion County.
www.rd.usda.govHUD Housing Counseling
Free homebuying education and counseling services from HUD-approved agencies.
Call: 1-800-569-4287
First-Time Buyer Classes
Required classes that may qualify you for special programs and grants.
Topics: Credit, budgeting, mortgage process, home maintenance
Credit Counseling
Free services to help improve credit scores and prepare for homeownership.
National Foundation for Credit CounselingInsurance Planning
Secure homeowner's insurance before closing. Local experts can help you understand coverage options.
Brian Knight Insurance Agency - Local insurance expertMortgage Fraud Protection
Loan Modification Fraud
Scammers demand upfront fees to modify your mortgage. Legitimate lenders don't require upfront payments.
Inflated Appraisal Scams
Properties valued above market value to secure larger loans, leaving buyers underwater.
Income Falsification
Lenders or brokers inflate your income on applications to qualify for larger loans you can't afford.
Equity Stripping
Targeting seniors or financially distressed homeowners with high-cost refinance loans.
Verify Lender Credentials
Check with Florida Office of Financial Regulation for licensed mortgage brokers and lenders.
Read Everything Carefully
Never sign blank documents. Understand all terms, fees, and obligations before signing.
Get Independent Appraisals
Consider getting your own appraisal if the property value seems inflated.
Avoid High-Pressure Tactics
Legitimate lenders give you time to review documents and consider terms.
Home Inspection Essentials
Florida-Specific Inspection Points
Foundation & Structural Issues
Check for settling, cracks, and water intrusion common in Florida's sandy soil
HVAC System Efficiency
Critical in Florida's climate - verify age, condition, and energy efficiency
Roof Condition
Hurricane resistance, age, and condition of shingles and structural integrity
Moisture & Mold Issues
High humidity makes mold inspection crucial in Florida homes
Choosing an Inspector
State Licensing Requirements
Florida requires home inspectors to be licensed. Verify licenses atmyfloridalicense.com
Professional Associations
Look for inspectors certified by ASHI, InterNACHI, or FABI (Florida Association of Building Inspectors)
Insurance & Bonding
Ensure your inspector carries professional liability insurance and is bonded
Local Experience
Choose inspectors familiar with Marion County construction and common regional issues
Marion County Neighborhoods & Market Insights
Urban living with lofts, condos, and historic homes. Walkable to restaurants, arts, and cultural attractions.
Price Range: $200,000 - $500,000+
Best For: Young professionals, empty nesters
Highlights: Historic charm, entertainment district
Horse properties with acreage, barns, and riding facilities. Many areas around Ocala's horse farms.
Price Range: $400,000 - $2,000,000+
Best For: Horse enthusiasts, luxury buyers
Highlights: Acreage, horse facilities, privacy
Active adult communities with amenities, golf courses, and maintenance-free living options.
Price Range: $150,000 - $400,000
Best For: Active retirees, 55+ buyers
Highlights: Golf, amenities, social activities
New construction and established neighborhoods with family amenities and good schools.
Price Range: $250,000 - $450,000
Best For: Families, first-time buyers
Highlights: Schools, amenities, community
Large lots, mobile homes, and country properties. May qualify for USDA financing.
Price Range: $100,000 - $300,000
Best For: Rural lifestyle, budget buyers
Highlights: Privacy, land, lower taxes
Homes on lakes, rivers, and springs throughout Marion County with water access and views.
Price Range: $300,000 - $1,000,000+
Best For: Water enthusiasts, luxury buyers
Highlights: Water access, scenic views, recreation
Frequently Asked Questions
What is the average home price in Marion County in 2025?
Marion County home prices vary by area, with Ocala averaging around $250,000-$350,000. Rural areas may be less expensive while downtown and waterfront properties command higher prices. Market conditions change frequently, so consult local real estate professionals for current pricing.
Are there down payment assistance programs for Marion County homebuyers?
Yes, several programs are available including Florida Housing Finance Corporation programs, USDA rural development loans for eligible areas, VA loans for veterans, and local down payment assistance through Marion County. Contact a HUD-approved housing counselor for details.
How can I protect myself from mortgage fraud in Florida?
Never pay upfront fees for loan modification services, verify lender credentials, read all documents carefully, avoid signing blank documents, and be wary of pressure tactics. Always work with licensed mortgage professionals and report suspicious activity.
What should I know about Marion County property taxes?
Marion County property taxes are based on assessed value and various tax rates. Florida homestead exemption can reduce taxable value by up to $50,000 for primary residences. Additional exemptions may be available for seniors, veterans, and disabled homeowners.