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  1. Home
  2. /Browse ZIP Codes
  3. /Indiana
  4. /Marion, IN - 46952

Marion, IN—46952

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$170,000
5.5% YoY Growth
Household Income
$53,500
18.7% YoY Growth
Days on Market
39
10.0% Longer YoY
Home Price Forecast
2.6%
Median Rent
$800
12.8% YoY Growth
1-Bed Rent
$709
34.0% YoY Growth
2-Bed Rent
$895
4.2% YoY Growth
3-Bed Rent
$2,100
75.0% YoY Growth

Other Zip Codes in Marion, IN

46953
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Marion, IN

As of May '26, the median home price in Marion, IN is $170,000, with a year-over-year change of 5.5%. This indicates that home prices in Marion, IN are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$170,0005.5%
Single Family $167,0005.7%
Condos $202,00010.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
  • N/A
    N/A
    2 Bed
    $94,0004.4%
    3 Bed
    $165,0005.8%
    4 Bed
    $257,0004.5%
    5 Bed $331,9055.6%
    Loading chart...

    % of Housing Stock

    Studio
    4.1%
    1 Bedroom
    10.2%
    2 Bedrooms
    25.2%
    3 Bedrooms
    45.1%
    4 Bedrooms
    12.4%
    5+ Bedrooms
    3.0%

    Rental Trends — Marion, IN

    As of July '25, Rentcast reports the average rent in Marion, IN is $907, with a year-over-year rent change of -12.8%. Per bedroom, the median rent as of July '25 in Marion, IN is studios: $695, 1-bedrooms: $737, 2-bedrooms: $846, 3-bedrooms: $2,100, 4-bedrooms: $1,200. The most common rental property sizes in Marion, IN are 1-bedroom and 2-bedroom, accounting for 30.1% and 27.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$800$907
    Studio Rent $695$695
    1 Bed Rent $709$737
    2 Bed Rent $895$846
    3 Bed Rent $2,100$2,100
    4 Bed Rent $1,200$1,200
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    % of Rental Stock

    Studio
    11.4%
    1 Bedroom
    30.1%
    2 Bedrooms
    27.8%
    3 Bedrooms
    26.0%
    4 Bedrooms
    3.0%
    5+ Bedrooms
    1.6%

    Property Listings — Marion, IN

    As of May '26, Realtor.com reports that the median days on market for a home in Marion, IN is 39. This is a increase of 10.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    $150,000-8.0%
    Listing Count
    669.0%
    Listings as % of Homes0.4%9.0%
    Days on Market
    3910.0%
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    Demographics — Marion, IN

    As of the latest ACS Survey released in 2023, Marion, IN has a population of 17,800, which has decreased by -5.3% over the past 5 years. Marion, IN is a moderately popular place for families, as children make up 21.8% of the population. The area has a poorly educated workforce, with 24.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    17,800-5.3%
    % Under 18
    21.8%4.3%
    % Seniors
    21.7%4.8%
    % WFH
    5.0%35.1%
    % w/ College Degree
    24.9%23.3%
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    As of the latest ACS Survey released in 2023, Marion, IN is a predominantly white area, with 83.8% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Marion, IN is hispanic, making up 5.5% of the population. Foreign-born residents account for 3.7% of the population in Marion, IN, and this percentage has increased by 94.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    83.8%-4.6%
    % Black
    4.2%-33.3%
    % Hispanic
    5.5%66.7%
    % Asian
    1.4%27.3%
    % Foreign Born
    3.7%94.7%
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    Mortgage and Risk — Marion, IN

    According to HUD data as of 2023, there were 344 mortgage originations in Marion, IN, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Marion, IN. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    344
    % Conventional Loans
    76.0%
    % Government Loans
    24.0%
    % Investor Loans
    1.0%
    % Second Loans
    1.0%
    % Cash Out Refinance
    14.0%
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    Rentals and Section 8 — Marion, IN

    Marion, IN lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    786
    Total Units Section 8
    578
    % Rentals under Section 8
    N/A
    % Occupied Section 8
    83.4%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$31$709$740
    2 Bedroom$35$895$930
    3 Bedroom-$890$2,100$1,210
    4 Bedroom$170$1,200$1,370

    Affordability — Marion, IN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.6
    Median Home Price$170,000
    Median Household Income$53,500

    Marion, IN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Marion, IN

    46953

    La Fontaine, IN

    46940

    Van Buren, IN

    46991

    Gas City, IN

    46933

    Sweetser

    46987

    Frequently Asked Questions