A typical Marion home is worth roughly $198,000
Home prices around Marion have risen about 63% over the past 5 years.
What kind of housing town is Marion?
Read from the numbers below. The page puts what stands out first.
Home prices up 63% in 5 years
The federal house price index for the ZIP codes around Marion rose 63% over the past 5 years, faster than across Indiana (53%). Last year prices rose 8.4%. Carrying the Census median home value forward with that index puts the typical Marion home at roughly $198,000 today.
Carrying the Census median forward with the index puts a typical home at about $198K.
How Marion ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Marion, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs 3.9 years of income
About the same as across Indiana. Try your own numbers below.
That covers a typical Marion home, with $4K to spare.
A two-bedroom rents for about $960 a month here, $200 less than owning.
How Marion ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Marion’s typical property tax (0.76% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $960
Renters already here pay a median of $895.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Lawrence County, IN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
79% of Marion households own their home
Half of Marion’s homes were built before 1986.
Indiana: 71% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Marion vs. its neighbors
Marion is the 3rd priciest of 6 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Marion | $198K* | +8.4%† | $960 | — | $51,262 |
| Shawswick | $165K* | +1.3%† | $990 | 0 | $60,354 |
| Guthrie | $217K* | +1.3%† | $990 | — | $60,144 |
| Bono | — | +4.6%† | $960 | — | $61,964 |
| Spice Valley | $172K* | +7.7%† | $980 | — | $81,667 |
| Indian Creek | $188K* | +2%† | $1,000 | — | $92,853 |
| Orleans | $202K | +5.2% | $960 | — | $67,396 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
On the market in Marion
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What Marion buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.