Marion Metro Area, IN Housing

The housing market in the Marion, IN Metro Area is growing rapidly with a median value of $117,700. This is significantly lower than the US median house value of $338,100 and demonstrates that this area is great for those looking to buy an affordable home. Despite this lower baseline, the appreciation rate for houses in the area has been 12.85%, higher than the national rate of 8.27%. This indicates that buying a house in this area could result in some nice returns over time.

The median home cost in Marion Metro Area is $117,700. Home appreciation the last 10 years has been 72.1%. Home Appreciation in Marion Metro Area is up 10.5%.

Average Age of Homes

- The median age of Marion Metro Area real estate is 53 years old

The Rental Market in Marion Metro Area

- Renters make up 26.5% of the Marion Metro Area population
- 2.2% of houses and apartments in Marion Metro Area, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Marion, Indiana	United States
	29,877.0	139,647,020.0
	57	42
	$117,700	$338,100
	10.5%	16.6%
	52.1%	57.0%
	72.1%	101.1%
	$6.67	$10.98
	$662	$2,690
	62.8%	57.4%
	12.0%	11.2%
	25.2%	31.4%
Vacant Housing
	2.2%	1.9%
	0.1%	0.4%
	1.2%	0.7%
	1.1%	0.4%
	1.0%	3.6%
	6.4%	4.1%
Value of Owner-Occupied Housing
	4.4%	2.6%
	6.0%	2.4%
	11.1%	2.8%
	16.6%	3.9%
	12.3%	4.5%
	21.5%	11.3%
	14.6%	13.0%
	7.6%	20.1%
	4.2%	13.6%
	0.9%	8.3%
	0.4%	9.7%
	0.3%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.3%	13.6%
	6.3%	13.6%
	9.2%	13.6%
	8.9%	13.2%
	14.0%	14.8%
	9.2%	13.6%
	16.9%	10.0%
	5.4%	4.7%
	22.4%	12.2%

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