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Market AnalysisUpdated March 2026

Marion County, IN — Market Snapshot

Real estate market data for Marion County, Indiana. Census demographics, rental trends, and economic indicators for investors and developers.

Population

971,822

ACS 2023

Median Household Income

$69,435

ACS 2023

Renter-Occupied

44%

ACS 2023

Median Rent

$1,134/mo

ACS 2023

Source: U.S. Census Bureau, American Community Survey 2023

Population & Income Profile

Age Distribution

Under 19
27.6%
Ages 20–29
15.4%
Ages 30–39
15.3%
Ages 40–49
11.8%
Ages 50–59
11.3%
Ages 60–69
10.4%
Over 70
8.2%

Household Income Distribution

Under $30K
22.0%
$30K–$50K
18.0%
$50K–$75K
00.0%
$75K–$100K
00.0%
$100K–$150K
00.0%
Above $150K
00.0%

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Source: U.S. Census Bureau, American Community Survey 2023

Housing Affordability

Affordability Label

Affordable (3-4x)

ACS 2023

Price-to-Income Ratio

3.3x

Redfin SFR ÷ FRED Per Capita Income
Very Affordable (<3x)Moderate (3–5x)Expensive (5–7x)Very Expensive (>7x)
3.3x

At 3.3x price-to-income, Marion County sits in the moderate affordability range.

Affordability label: U.S. Census Bureau ACS 2023. Price-to-income: Redfin median sale price (SFR, Dec 2025) ÷ FRED per capita personal income (Q4 2025).

Housing Market Overview

Median Home Value
$248,000
Median Gross Rent
$1,134/mo
Homeownership Rate
56%
Typical Monthly Housing Cost(owner-occupied w/ mortgage)
$1,166/mo
Median Annual Property Tax(ACS estimate)
$2,055
Vacancy Rate
Dashboard

Source: U.S. Census Bureau, ACS 2023. Monthly Housing Cost: ACS B25105. Property Tax: ACS B25103.

Home Price Index

Marion County HPI

229.7

FRED Q4 2025

Since 2020

+48.5%

vs. 2020 baseline

Marion County home values have appreciated 48.5% since 2020, trailing the Indiana statewide average of 63.6%.

Source: Federal Reserve Economic Data (FRED) — FHFA House Price Index. Updated Q4 2025.

Investment Analysis

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Market Tier

Bawa Score: 79 / 100

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Economic Indicators

Unemployment Rate
2.8%
Per Capita Personal Income
$75,002
Labor Force
500,969
GDP
$109B
Building Permits
1,906

▼ −18.7% since 2020

State Overview

State Tax Revenue (quarterly)millions USD, not seasonally adjusted
$6.5B
State Home Price Index
525.8
State GDP
$520B

Source: Federal Reserve Economic Data (FRED). Updated Q4 2025.

Nearby Markets

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