Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$227,822−0.8% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 34% have cut their price
Income needed to buy, per year$49,387About 0.7× the local median income ($67,368): affordable for a typical household
Days on market59 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+1.9%Zillow expects prices to rise slightly
The typical home in Marion County, IN is worth $227,822, down 0.8% from a year ago. That is well above what local incomes have historically supported: fair value is about $192,363, so the area is 18.4% overvalued. It is a buyer's market: homes take about 59 days to sell, listings are up 25% from a year ago, 34% of listings have had a price cut. Zillow expects prices to rise about 1.9% over the next year. A household needs about $49,387 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $67,368. Typical rent is $1,379 a month, or $1,715 for a house. In the latest IRS figures, 7,635 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$227,822
Change in 1 year
−0.8%
Overvalued %
+18.4%
Show 7 more
Fair home value
$192,363
Change in 5 years
+20.5%
Zillow forecast, next 12 months
+1.9%
Home value to income
3.4×
Monthly mortgage payment (20% down)
$1,235
Income needed to afford it
$49,387
Property tax rate
0.91%
Rent and investing
Typical rent
$1,379
Typical rent for houses
$1,715
Price-to-rent ratio
13.8×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,536
Gross rental yield
7.26%
Cap rate (estimate)
4.72%
Market activity
Listings vs a year ago
+24.9%
Days on market
59
Listings with a price cut
33.9%
Show 3 more
Homes for sale
3,517
Pending sales per 100 listings
29
Asking price per sq ft
$153
People and jobs
Median household income
$67,368
Population change (1 year)
+0.2%
Unemployment rate
5.0%
Show 4 more
Population
992,196
Income adjusted for cost of living
$70,395
Net moves in (IRS)
−7,635
Cost of living (US = 100)
95.7
Schools, risk and environment
School rating (1 to 10)
3.3
FEMA hazard risk score (0 to 100)
97.5
Unhealthy air days a year
5
Show 4 more
Flood risk score
98.3
Wildfire risk score
22.3
Walkability (1 to 20)
10.8
Road, rail and air noise
54 dB
Questions people ask
Is Marion County, IN overvalued?
Home prices in Marion County, IN are well above what local incomes have historically supported: fair value is about $192,363, so the area is 18.4% overvalued.
Is Marion County, IN a buyer's or seller's market?
Marion County, IN is a buyer's market: homes take about 59 days to sell, listings are up 25% from a year ago, 34% of listings have had a price cut.
Are home prices going down in Marion County, IN?
Home values in Marion County, IN are down 0.8% over the last year. Zillow's forecast for the next 12 months is +1.9%.
How much do you need to earn to buy a home in Marion County, IN?
A household needs about $49,387 a year to afford the typical home in Marion County, IN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $67,368.