The Most Affordable Neighborhoods in Marion, IN by Home Value

These days, finding an affordable place to live in the Marion area can be challenging. Home prices in Marion are now at a median cost of $108,809, lower than the Indiana average of $232,932.

The average cost of rent is $918/mo in Marion, primarily driven by the current value of real estate in the Marion area. In Marion, 33.63% of households rent, and 51.36% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Marion is $4,676 per month. Households that rent pay about 19.63% of their income on rent here. Marion’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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