Marion County
Indiana · Pop. 977,203
Ranked #42 of 200 counties
52Moderate
Median Home Price
🏠$220K
5.0% YoY
Median Rent
🔑$1,150
Median Income
💰$48K
Rent Burden
📊31.5%
% of income to rent
Housing Shortage
🏗️18,000
estimated unit deficit
Building Permits (2024)
📋5,800
Price-to-Income Ratio
⚖️4.6x
Homeownership Rate
🏡52.0%
How Marion County Compares
| Metric | Marion County | Indiana | National |
|---|---|---|---|
| Home Price | $220K | $226K | $410K |
| Rent | $1,150 | $1,044 | $1,500 |
| Income | $48K | $69K | $75K |
| Rent Burden | 31.5% | 28.0% | 30.0% |
| Homeownership | 52.0% | 70.0% | 65.0% |
Key Takeaways
- • Home prices are 46% below the national average.
- • Rent is 23% below the national average.
- • The county has an estimated housing shortage of 18,000 units.
- • 5,800 building permits were issued in 2024.
- • Year-over-year home prices changed by 5.0%.