Housing in Marion

A typical Marion home is worth roughly $223,000

Typical home value

$223K

IN $260K

Estimate

2-bedroom rent

$1,200

a month, utilities in · HUD

Median tax bill

$1,281

IN $1,614

Affordability

A typical home costs 2.1 years of income

Less than across Indiana (3.6 years). Try your own numbers below.

You could afford about

$440,000

Typical Marion home $223K

That covers a typical Marion home, with $217K to spare.

The typical home, each month

$1,280

Loan $1,110Tax $110Insurance $70

A two-bedroom rents for about $1,200 a month here, $80 less than owning.

Where your budget reaches nearby

Greencastle$249K Jefferson$232K Floyd$264K Warren$263K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Marion’s typical property tax (0.57% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $1,200

Renters already here pay a median of $1,217.

Fair Market Rent a month, utilities included

Studio$870

1 bedroom$990

2 bedrooms$1,200

3 bedrooms$1,610

4 bedrooms$1,900

18%

of households rent · IN 29%

134

renter households

22%

of renters spend 30%+ of income on rent · IN 48%

13%

of the median income, for a two-bedroom

$1,217

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Putnam County, IN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

The homes

82% of Marion households own their home

Half of Marion’s homes were built before 1970.

Owners and renters

Own 82%Rent 18%

Indiana: 71% own.

1970

typical home built · IN 1976

$1,281

median property tax bill · IN $1,614

0.57%

of a home’s value, a year in tax · IN 0.74%

U.S. Census Bureau, American Community Survey 2020-2024.

Next door

Marion vs. its neighbors

Marion is the least expensive of 5 neighboring towns. Tap one to see its housing page.

Floyd$264K Warren$263K Greencastle$249K Jefferson$232K Marion$223K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Marion	$223K*	—	$1,200	$107,891
Greencastle	$249K	+4.2%	$1,030	$65,078
Jefferson	$232K*	+2.9%†	$1,170	$58,594
Floyd	$264K*	—	$1,200	$88,442
Warren	$263K*	+4.7%†	$1,060	$103,548

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.

Neighbors talk housing

What Marion buyers, sellers and renters are saying.

Town Square →

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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. 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.