The story of this market
The typical home in ZIP 46953 sells for about $135,500, or $76 per square foot.
Prices are down 24.3% from a year ago, which gives buyers more room to negotiate. Homes take about 56 days to sell. HUD's fair market rent for a two-bedroom is $835 a month.
ZIP 46953 — Marion
The housing market in 46953 is characterized by low entry prices and significant year-over-year price volatility. Market conditions remain challenging for investors, with limited inventory and a reliance on local-operator expertise to navigate the current economic environment.
This ZIP is primarily suited for disciplined local investors and budget-conscious buyers who are prepared to navigate a market with significant affordability challenges and thin margins for error.
Median prices moved down 24.3% year over year.
Homes spend a median of 56 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) · unemployment 8.7% · poverty 28.0% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 46953, Grant County, IN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by Marion Community Schools and Eastbrook Community School Corporation, with local high schools including Marion High School and Eastbrook High School.
The local economy is characterized by a mix of industrial and service sectors, with ongoing efforts to stabilize the local housing market and attract investment.
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.
The area is primarily served by local road networks connecting to regional employment hubs in Grant County.
The area features local parks and community facilities within Marion, providing basic recreational access for residents.
The rental market is considered a local-operator environment where investors must balance low entry costs with the challenges of a distressed market.
The economy is driven by local manufacturing and service industries, with a focus on regional economic stabilization.
Transportation is primarily automobile-dependent, utilizing local arterial roads for regional connectivity.
Development activity is focused on residential stabilization and local infrastructure maintenance.
Grant County assessment is managed through the county assessor's office, following Indiana state property tax guidelines.
Parcels are subject to local school district taxes and municipal service levies within Marion.
Property insurance availability and premiums are influenced by regional hazard profiles and local market conditions.
Data sourced from local real estate market reports and census-derived summaries.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Primary public high school serving the local community.
Public high school serving portions of the ZIP code.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.