Market Overview
Home Prices in Marion, IN
The median home value in Marion, IN is $140,772 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.5% compared to a year ago and up 5.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Marion are priced66% below average. Marion is part of the Marion, IN metro area.
Over the past five years, Marion home values have risen by approximately35.5%, reflecting strong long-term appreciation in this market.
Price History
Marion Home Price Trend
City Comparison
Marion vs. National Median
At $140,772, homes in Marion cost 66% below the national median of $410,000. This makes Marion a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Marion?
20% Down Payment
$28,154
on $140,772
Monthly P&I
$734/mo
30-yr @ 6.8%
Total Monthly Est.
~$932/mo
incl. taxes & insurance
Income Needed
$37,280
gross annual (30% rule)
10% Down Option
$14,077
+ PMI applies
Loan Amount (20% dn)
$112,618
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Marion, IN?
The median home value in Marion is $140,772 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.5% year-over-year.
How much have home prices changed in Marion?
Over the past year, home values in Marion have increased by 3.5%. Over five years, prices have risen approximately 35.5%.
How much do I need to earn to buy a home in Marion?
To comfortably afford the median home price of $140,772 with a 20% down payment ($28,154) at today's rates (6.8%), you'd need a gross annual income of approximately $37,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Marion compare to the national average home price?
The national median home value is approximately $410,000. At $140,772, homes in Marion are 66% below the national average.
What metro area is Marion part of?
Marion is part of the Marion, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.