Marion County, IN

Comprehensive housing, income, and cost of living data for Marion County, Indiana. Population: 971.7K.

Median Home Price
$246.3K

Based on 37 cities

Median Household Income
$63.5K

Annual household income

Price-to-Income Ratio
3.9x

Moderately affordable

Salary Needed to Buy
$64.6K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax
$1,923

Average annual amount

Effective Tax Rate
0.78%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$1,245
Property Tax$160
Insurance$103
Total Monthly$1,508
Historical Home Prices
2015
$101.0K
2016
$109.4K
+8.4%%
2017
$119.9K
+9.6%%
2018
$132.6K
+10.6%%
2019
$142.6K
+7.5%%
2020
$160.3K
+12.4%%
2021
$189.1K
+18.0%%
2022
$211.2K
+11.7%%
2023
$213.8K
+1.2%%
2024
$220.9K
+3.3%%
2025
$223.1K
+1.0%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
3.2%%

Below national average

Population Density
2,450

People per square mile

Homicide Rate
19.6

Medium (per 100K residents)

Political Lean (2020)
Competitive

D+0

Racial Demographics

White
50.5%
Black
27.3%
Hispanic
13.4%
Asian
3.9%
Two or More Races
4.3%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature
52°F

Annual average

Sunny Days
164

Days per year

Annual Rainfall
43.4"

Inches per year

Natural Disaster Risk
High Risk

Score: 98/100

Frequently Asked Questions

What is the median home price in Marion County, IN?

The median home price in Marion County, Indiana is $246.3K. The price-to-income ratio is 3.9x, meaning the median home costs 3.9 times the median household income.

What salary do you need to buy a home in Marion County?

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $64.6K per year to buy the median home in Marion County, IN. Monthly housing costs break down to $1,245 for mortgage, $160 for property tax, and $103 for insurance.

What is the property tax rate in Marion County?

The effective property tax rate in Marion County is 0.78%, which comes to approximately $1,923 per year on the median home.

What is the median household income in Marion County?

The median household income in Marion County, Indiana is $63.5K per year, based on Census Bureau American Community Survey data. The unemployment rate is 3.2%%.

Is Marion County a good place to live?

Marion County, Indiana has a population of 971.7K. Housing affordability is strong with a price-to-income ratio of 3.9x. The climate averages 52 degrees F with 164 sunny days per year. Compare Marion County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.