In Marion, a typical home is worth $85,300 and typical rent is $805 a month. Compared with all of Grant County, the typical home value is 30% lower, typical household income is 19% lower, and the share of households that own their home is 14 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $105,438 to $139,170.
Typical rent
$955a month
▲ 8.9% more than 12 months ago
Typical rent from Zillow, June 2025 to September 2026: from $818 to $955.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Marion is in Grant County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Grant County. See the county
What this place has that others do not, from public data, most unusual first.
1
Marion has the 2nd lowest typical home value of the 134 cities in Indiana with more than 5,000 people ($85,300).
2
Marion has the 7th lowest typical household income of the 134 cities in Indiana with more than 5,000 people ($43,343).
3
59% of households in Marion own their home, against 73% in Grant County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Marion
What homes there are in Marion, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Marion
Grant County
Indiana
United States
Kind of home: Marion and its comparisons
Measure
Marion
Grant County
Indiana
United States
Detached house
70%
79%
73%
61%
Attached house
3%
2%
4%
6%
Building of 2 to 4
11%
6%
6%
8%
Apartments (5 or more)
11%
7%
13%
19%
Mobile home
5%
6%
4%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Marion, 7 in 10 homes are single-family detached houses; in Grant County, 8.
Year built
Before 19601960–19791980–19992000–20092010 or later
Marion
Grant County
Indiana
United States
Year built: Marion and its comparisons
Measure
Marion
Grant County
Indiana
United States
Before 1960
57%
45%
31%
26%
1960–1979
22%
28%
24%
24%
1980–1999
14%
17%
23%
25%
2000–2009
5%
7%
12%
14%
2010 or later
2%
3%
10%
11%
Homes in Marion are older: the typical year built is 1957; in Grant County, 1963.
There are fewer big homes in Marion than in Grant County: 52% have 3 bedrooms or more, against 66%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100K62%
$100K–$200K27%
$200K–$300K9%
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Marion and its comparisons
Measure
Marion
Under $100K
62%
$100K–$200K
27%
$200K–$300K
9%
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50015%
$500–$99957%
$1,000–$1,49921%
HUD fair market rent, 2 bedrooms: $1,014
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Marion and its comparisons
Measure
Marion
Under $500
15%
$500–$999
57%
$1,000–$1,499
21%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
About 73% of rented homes in Marion cost less than HUD's 2-bedroom fair market rent for Grant County ($1,014).
With a mortgage
$934 a month
Grant County: $1,096 a month
Without a mortgage
$442 a month
Grant County: $451 a month
Owners with a mortgage
45%
Grant County: 58%
Owning costs less in Marion: with a mortgage, the typical cost is $934 a month; in Grant County, $1,096. Without one, $442.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Marion+26%
Grant County+32%
Indiana+54%
United States+53%
Typical rent
Marion+20%
Grant County+22%
Indiana+29%
United States+33%
Typical household income
Marion+31%
Grant County+21%
Indiana+28%
United States+29%
Change since 2015–2019: Marion and its comparisons
Measure
Marion
Grant County
Indiana
United States
Typical home value
+26%
+32%
+54%
+53%
Typical rent
+20%
+22%
+29%
+33%
Typical household income
+31%
+21%
+28%
+29%
From 2015–2019 to 2020–2024, the typical home value in Marion rose 26%; in Grant County, it rose 32%.
Rents in Marion rose at about the same pace as in Grant County: 20% since 2015–2019, against 22%.
The typical household income in Marion rose 31%: more than home values (+26%) and rent (+20%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Marion and its comparisons
Measure
Marion
Grant County
Indiana
United States
Rental vacancy
Unreliable estimate
5.9%
5.6%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
3.3%
1.9%
1.8%
3.4%
People per household
2.17
2.28
2.46
2.53
Drive alone
72%
75%
76%
69%
Carpool
11%
10%
9%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
10%
6%
2%
3%
Work from home
7%
8%
11%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
10 to 19 minutes
10 to 19 minutes
20 to 29 minutes
20 to 29 minutes
In Marion, 3.3% of households live with more than one person per room, against 1.9% in Grant County.
A household in Marion has 2.17 people on average, about the same as in Grant County (2.28).
In Marion, 10% of workers walk or bike to work; in Grant County, 6%.
Do the math
What would you pay each month for a home in Marion?
A typical home is within reach of the typical income
We start with a typical home in Marion, worth $85,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 20% of the typical household income in Marion, which is $43,343 a year.
The calculator's FHA and conventional loan limits are those of all of Grant County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Marion. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $2,986 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$709
at 7.18% · 30 years
Loan amount
$83,754
Total interest
$120,503
Paid off in
November 2056
Includes $1,440 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,011 a month
Your payment · 20%
Tight
$1,011 to $1,300 a month
Hard
more than $1,300 a month
Compared with the typical household income in Marion ($43,343 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$567
Property tax
$68
Home insurance
$36
FHA mortgage insurance (MIP)
$38
You need at least $2,986 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $709; principal and interest $567.
The city and its county
Marion and Grant County
Marion is in Grant County, Indiana. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Marion
Map of Grant County, Indiana, with Marion marked. Around it, the neighboring counties.
Marion
Grant County
Other cities with a page
Marion's own numbers
Typical home value
$85,300
Typical monthly rent
$805
Typical yearly household income
$43,343
Households that own their home
59%
Effective property tax rate
0.96%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Grant County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,014
Price change over 5 years (FHFA)
+57%
Homes in a high flood-risk zone
1.4%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Grant County.
A typical home in Marion is worth $85,300: 30% below the county and 61% below Indiana. With the typical household income in Marion ($43,343 a year), a typical home costs 2.0 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Marion2.0 years
Grant2.3 years
Indiana3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Grant County
According to FHFA’s house price index, home prices in Grant County rose 87% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Grant County.
Yearly change in FHFA’s price index in Grant County, 2016 to 2025
2016: +0.8% +0.8% 2016
2017: +1.0% +1.0% 2017
2018: +6.9% +6.9% 2018
2019: +3.1% +3.1% 2019
2020: +6.2% +6.2% 2020
2021: +9.8% +9.8% 2021
2022: +13.6% +13.6% 2022
2023: +9.7% +9.7% 2023
2024: +7.3% +7.3% 2024
2025: +6.8% +6.8% 2025
Change in FHFA’s price index in Grant County, Indiana and the United States
Period
County
Indiana
U.S.
Last year (2025)
+6.8%
+4.3%
+2.9%
5 years (2020–2025)
+57%
+53%
+47%
10 years (2015–2025)
+87%
+95%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Marion next to Grant County, Indiana and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Marion$85,300
Grant$122,300
Indiana$218,200
United States$332,700
Typical monthly rent
Marion$805
Grant$853
Indiana$1,062
United States$1,413
Typical yearly household income
Marion$43,343
Grant$53,522
Indiana$71,957
United States$80,734
See the full table
Marion next to Grant County and Indiana
Measure
Marion
Grant County
Indiana
U.S.
Typical home value
$85,300 ▼30% below the county
$122,300
$218,200
$332,700
Typical monthly rent
$805 ▼6% below the county
$853
$1,062
$1,413
Typical yearly household income
$43,343 ▼19% below the county
$53,522
$71,957
$80,734
Households that own their home
59% ▼14 points below the county
73%
71%
65%
Typical yearly property tax
$815 ▼8% below the county
$884
$1,614
$3,119
Effective property tax rate
0.96% ▲0.24 points above the county
0.72%
0.74%
0.94%
Renters with high rent for their income
42%
42%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Grant County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Marion
For a typical $85,300 home in Marion, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Marion's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$709a month
Least cash to close
Down payment
$2,986
Cash to close
$5,545
Rate
7.18%
Mortgage insurance
FHA MIP · $38
Conventional, 5% down$693a month
Down payment
$4,265
Cash to close
$6,824
Rate
7.18%
Mortgage insurance
PMI · $41
Conventional, 20% down, no PMI$566a month
Down payment
$17,060
Cash to close
$19,619
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$645a month
Down payment
$12,795
Cash to close
$15,354
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Marion
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$709
$2,986
$83,755
7.18%
FHA MIP · $38
$5,545
580
Conventional, 5% down
$693
$4,265
$81,035
7.18%
PMI · $41
$6,824
620*
Conventional, 20% down, no PMI
$566
$17,060
$68,240
7.18%
None
$19,619
620*
ITIN, 15% down (example)
$645
$12,795
$72,505
8.18%
None
$15,354
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Marion is $805 a month: 6% below the county. In Marion, 42% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Grant County, by unit size. To pay the 2-bedroom one ($1,014 a month) without spending more than 30% of your income, you would need to earn $19.50 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Grant County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$748
$14.38
$29,920
1 bedroom
$804
$15.46
$32,160
2 bedrooms
$1,014
$19.50
$40,560
3 bedrooms
$1,329
$25.56
$53,160
4 bedrooms
$1,488
$28.62
$59,520
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Marion
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Marion has 2 ZIP codes with their own.
For 2 bedrooms it runs from $1,010 in 46952 to $1,030 in 46953.
1 of the 2 is above the fair market rent for Grant County ($1,014).
Fair market rent by ZIP code and size in Marion, fiscal year 2027.
46952
$750
$800
$1,010
$1,340
$1,500
46953
$760
$820
$1,030
$1,350
$1,510
ZIP code2 bd3 bd
46952 $1,010$1,340
46953 $1,030$1,350
2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Marion when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 19 buildings with rents for lower incomes in Marion. These are the largest.
Prince Hall Plaza3678 Prince Hall Dr, Marion 46953132 low-income homes · For families(765) 674-9734
Cambridge Square Marion1525 W Timberview Dr, Marion 46952124 low-income homes · For older adults(765) 662-0023
Norman Manor121 N Washington St, Marion 46952119 low-income homes · Run by Housing Authority of the City of Marion, IN · Average payment: $361 a month · Average wait: 15 months(765) 664-5194
Mason Homes1202 Upton St, Marion 46953100 low-income homes · Run by Housing Authority of the City of Marion, IN · Average payment: $468 a month · Average wait: 10 months · Homes at several sites(765) 664-5194
Hilltop Towers520 W Nelson St, Marion 4695298 low-income homes · For older adults(765) 664-5196
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There is 1 HUD-approved agency with an office in Grant County; none says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Marion or Grant County. The ones below are statewide in Indiana: they work in Marion the same as in the rest of the state.
Indiana state agency program with down payment assistance of 2.5% or 3.5% of the price, alongside a 30-year FHA or conventional mortgage.Offered by Indiana Housing and Community Development Authority (IHCDA).
Indiana state agency 30-year FHA or conventional mortgage for first-time buyers (or homes in designated areas), with down payment assistance as a second mortgage with no interest or payments, repaid when the first mortgage ends.Offered by Indiana Housing and Community Development Authority (IHCDA).
No legal help resource on our list is for Marion or Grant County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Marion and all of Grant County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Marion?
The typical home value in Marion is $85,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Grant County it is $122,300.
How much does it cost to rent in Marion?
Typical rent in Marion is $805 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Grant County is $1,014.
What is the FHA loan limit in Marion?
Marion uses the FHA limit for all of Grant County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Marion?
The typical homeowner in Marion pays $815 a year, according to the U.S. Census Bureau. That is 0.96% of the home’s value; in Grant County, the rate is 0.72%.
Where can I find free help to buy or rent in Marion?
There is 1 HUD-approved counseling agency with an office in Grant County. They can help you get ready to buy, with your credit, or with rent.
