The story of this market
The typical home in Marion, Indiana sells for about $209,000, or $134 per square foot.
Prices are down 1.4% from a year ago, which gives buyers more room to negotiate. Homes take about 25 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $863 a month.
Monthly price momentum
Home values since 2015
+4.7%
IN · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Marion, Indiana
The Marion housing market shows stable activity with a median sale price of $209,000 and a moderate sale-to-list ratio of 97.9%. Market conditions are driven by consistent demand for affordable housing, though specific city-level demographic and school data remain limited in current public datasets.
No ARED county foreclosure postings attributed to Marion yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 2 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved down 18.6% year over year.
Homes spend a median of 54 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
The area is suitable for budget-conscious family buyers and renters seeking affordable housing options, supported by established public housing infrastructure.
The rental market is supported by the Housing Authority of the City of Marion, which manages 690 units and maintains open waitlists for public housing and Section 8 vouchers.
The local economy is anchored by healthcare, retail trade, and manufacturing sectors, with employment growth observed in the broader county region.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Ad Valorem Property Assessment: Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. State (Indiana) — Indiana Property Tax Caps (Circuit Breaker): Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
Data sourced from local market reports and county-level census aggregates.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.