Marion, IN—46952
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Marion, IN
Home Price Trends — Marion, IN
As of Nov '25, the median home price in Marion, IN is $159,000, with a year-over-year change of 4.4%. This indicates that home prices in Marion, IN are increasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $159,000 | 4.4% |
| Single Family | $156,000 | 4.0% |
| Condos | $192,000 | 6.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $86,000 | 2.4% |
3 Bed | $155,000 | 4.0% |
4 Bed | $244,000 | 4.3% |
| 5 Bed | $319,196 | 4.5% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% of Rental Stock
Property Listings — Marion, IN
As of Nov '25, Realtor.com reports that the median days on market for a home in Marion, IN is 42. This is a decrease of -23.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $162,000 | 16.0% |
Listing Count | 69 | 0.0% |
| Listings as % of Homes | 0.4% | 0.0% |
Days on Market | 42 | -23.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $159,000 |
| Median Household Income | $53,500 |