Median price for residential apartments in Marion, IN as of Jan, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
Filters |
266 Marion, IN, USA apartments for sale
Map viewFilters
Marion
According to statistics, the population in Marion, IN amounts to 28,490, which shows decline -1% compared to the previous year. The median age of the city’s residents is 35. The average household income is $32,879, shifting growth 4% from the past year, and the average property value in Marion, IN growth 2% to $65,400 throughout the year.
| Population | 28,490 |
| Median Age | 35.1 |
| Poverty Rate | 26% |
| Household Income | $32,879 |
| Number Of Employees | 11,768 |
| Median Property Value | $65,400 |
Household Income
The average household income in Marion, IN grew from $31,588 to $32,879 in the past year. This data is an estimate based upon 10,960 households in Marion, IN . The chart below presents how household income is distributed in Marion, IN in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Marion, IN shifted from $64,400 to $65,400 throughout the year. The subsequent graph indicates the share of properties in the given price range in Marion, IN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Marion, IN properties falls in the '$60,000 to $69,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Marion, IN compared to median property taxes around the country. The prevalent amount of property taxes in Marion, IN equals $800, which is less than the national average.
Housing Trends
How much does an apartment cost in Marion, IN, USA
Average apartment sale in Marion: $74,783 (-7.3%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| Studio apartments | $34,549 | -30.3% |
| 1-bed apartments | $10,000 | -71.3% |
| 2-bed apartments | $86,264 | +1.5% |
| 3-bed apartments | $78,315 | +3.9% |
| 4+ bed apartments | $101,958 | -4.8% |
During Jan 2023, the average price for an apartment in/near Marion, IN decreased by 7.3% to $74,783.
Knowing the current property prices is key if you plan to buy a studio in Marion, IN. The average price for a studio has decreased since the last month, currently being $34,549. After collecting all data points, we now see that the average price for 1-bed apartment decreased by 71.3% to $10,000. Asking price for 2-bed apartment also increased by 1.5% and a place of this size will now cost you $86,264. A 3-bed apartment goes for $78,315, it increased by 3.9% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 4.8% and made it down to $101,958.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Land for sale | $34,084 | -31.3% |
| Houses for sale | $80,227 | +1.2% |
| Duplexes for sale | $83,233 | +0% |
| Condos for sale | $152,627 | +0.5% |
| Apartments for sale | $55,000 | N/A |
While assessing the property pricing Marion, IN, you can note that it remains flat with a price tag of $55,000. Price reports demonstrate that house price increased by 1.2% this month making it up to $80,227. Condos are really in demand in this season. The median price for a condo increased by 0.5%, it’s now available for $152,627. An average value of duplex is $83,233, thus a median price for a duplex remains the same this month. The average price of the land for sale in Marion, IN has decreased by 31.3%, and now equals $34,084.
Popular Searches
`