Marion, IN housing market
The typical Marion home is worth about $142,000, up 3.3% in a year, 46% below the Indiana typical home. Homes typically sell in 41 days, below asking.
Home values, sales, trends and how Marion compares with the towns next door — updated as new data is published.
Marion at a glance
A seller's market
Supply is tight — about 3.1 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Marion | Indiana |
|---|---|---|
| 2017 | $76,000 | $135,000 |
| 2018 | $79,000 | $144,000 |
| 2019 | $85,000 | $154,000 |
| 2020 | $88,000 | $164,000 |
| 2021 | $97,000 | $183,000 |
| 2022 | $111,000 | $209,000 |
| 2023 | $117,000 | $227,000 |
| 2024 | $123,000 | $237,000 |
| 2025 | $135,000 | $249,000 |
| 2026 | $139,000 | $256,000 |
| August 2026 | $142,000 | $260,000 |
6 new homes permitted in 2025
Builders were permitted 6 new homes in Marion in 2025, all single-family houses, worth about $1.1 million to build. That's 0.2 per 1,000 residents, slower than across Indiana (6). Over the past 10 years, Marion has permitted 275 homes in all.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 4 | 4 | 0 | $1.3 million |
| 2025 | 6 | 6 | 0 | $1.1 million |
| 2024 | 20 | 12 | 8 | $2.7 million |
| 2023 | 48 | 48 | 0 | $12.6 million |
| 2022 | 51 | 19 | 32 | $13.9 million |
| 2021 | 4 | 4 | 0 | $875,000 |
| 2020 | 46 | 46 | 0 | $7.2 million |
| 2019 | 31 | 31 | 0 | $6.1 million |
| 2018 | 33 | 33 | 0 | $6 million |
| 2017 | 21 | 21 | 0 | $3.7 million |
| 2016 | 15 | 15 | 0 | $2.2 million |
| 2015 | 49 | 12 | 37 | $8.7 million |
| 2014 | 36 | 15 | 21 | $3.3 million |
| 2013 | 18 | 18 | 0 | $2.7 million |
How Marion ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
3.3 years of income
The typical Marion home costs about 3.3 years of the town's median household income, less than across Indiana (3.6 years).
How Marion ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $970
HUD's Fair Market Rent for a two-bedroom in Marion is $970 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Marion pay a median of $805, so moving in tends to cost more than staying put. A two-bedroom takes about 27% of the town's median household income.
Studio $710 · 4 bedrooms $1,420
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (46952, 46953; Blackford County, IN), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.