Marion, Indiana.
Typical home $139,170 (+3.2% in a year), asking rent $955 (+8.9%). Marion, IN metro.
to buy the typical home at today's mortgage rate — +$414 (+131%) since Jan 2020.
- 1 year
- Up $4,295 +3%
- $134,874$139,170 since Sep 2025
- 5 years
- Up $33,731 +32%
- $105,438$139,170 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Marion$730
- Indiana$1,350
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in Marion, IN rose 3.2% over the past year — faster than the nation's +1.2%.
Asking rents in Marion, IN rose 8.9% over the past year — faster than the nation's +2.7%.
Owning the typical home in Marion runs $8/mo more than renting one. The gap peaked at $110 in Jul 2025.
That is $963 a month against $955 rent: a $730 mortgage payment, plus $84 property tax and $149 insurance & upkeep.
Owning vs renting — Marion
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$963
- Renting$955
- Mortgage only$730
Property tax · $84/mo 0.72% of value a year — the ACS 2020-2024 median bill over the median home value for Grant County, IN
Insurance & upkeep · $149/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Marion, Grant County, Indiana
Marion is a city of 28,310 people in Grant County. Half its households earn more than $43,343 a year and half less, against $53,522 across Grant County; 30% of its people live below the poverty line. 59% of its homes are lived in by their owners and 41% are rented. Unemployment in Marion was 4.8% in August 2026, and Grant County had 1.4% more jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Marion is a small city in Grant County, with a median age a little under the national figure and incomes below the county's. A good share of residents live below the poverty line, and most homes are lived in by their owners, with fewer owner-occupiers than you would find in many places. Typical homes and rents here are modest. Winters are cold and snowy, with January the coldest month, and summers are warm, with July the warmest and rain and melted snow spread through the year.
Work. Residents work mostly in schools, hospitals and social care, followed by manufacturing, shops, and restaurants, hotels and entertainment. Among the largest workplaces in Marion are Indiana Wesleyan University-Marion, the Veterans Health Administration and Marion General Hospital. Unemployment is a little lower than a year ago, jobs across Grant County have grown slightly, and fewer adults hold a four-year degree than in much of the country. The typical commute is short, and few people work from home.
Things to do. Within a longer drive are Wildcat Creek, a river, and Minnetrista, a botanical garden. Museum lovers can head to the International Circus Hall of Fame or the United States Vice Presidential Museum, both also a longer drive away.
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- 10,960households
- 17%of adults have a degree
- 30%below the poverty line
- 18 mintypical commute
- 7%work from home
What residents work in
Employed residents by industry, from the Census survey. Grant County had 27,713 jobs in 2025, 1.4% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 33° and lows near 18°; warmest in July, with highs near 84° and lows near 62°. About 24 inches of snow and 42 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Marion North weather station, 2 miles away (NOAA).
Largest workplaces in Marion
- Indiana Wesleyan University-MarionUniversity or college1,796
- Veterans Health AdministrationFederal government · Department of Veterans Affairs900
- Cafe ValleyCommercial bakeries773
- General Motors Marion StampingMotor vehicle metal stampings manufacturing757
- Marion General HospitalGeneral hospital699FTE
- MarionGeneral warehousing and storage690
- Marion Community SchoolsSchool district570FTE
- Dunham's SportsGeneral warehousing and storage553
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 42 workplaces with 20 or more staff, 11,332 people in all. Colleges come from IPEDS (NCES, 2023–24), federal offices from OPM's federal workforce data (2026), hospitals from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- TornadoesRelatively high
- Hailrelatively high in parts of MarionRelatively moderate
- Strong windrelatively high in parts of MarionRelatively moderate
- Winter weatherRelatively moderate
- Inland floodingrelatively high in parts of MarionRelatively moderate
- Heat wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Marion’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Grant County and the Marion, IN metro.
Marion home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Marion$139,170
- Indiana$257,165
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Marion listings, and the typical home goes pending in 27 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Marion23.81%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Marion27
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Marion150
New listings per month
Sellers arriving at the market.
- Marion50
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Marion$156,411
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Marion95.53%
Zip codes with a Marion address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Marion — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Marion
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 46953 | Marion | 23,372 | $1,066 | $109,379 |
| 46952 | Marion | 18,189 | $850 | $166,976 |