Marion, IN home prices
Typical home $153,992 · +4.1% in a year · income needed $42,800
The Marion, IN metro area ranks 802 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +4.1% in a year and +32.3% over five years. With 20% down at 7.11%, the typical home costs about $998 a month including 0.72% property tax (Grant County rate).
Mortgage on the typical Marion home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $30,798 | $123,194 | $829 | $0 | $170 | $998 | $42,800 |
| 10% down | $15,399 | $138,593 | $932 | $58 | $170 | $1,160 | $49,700 |
| 5% down | $7,700 | $146,293 | $984 | $61 | $170 | $1,215 | $52,100 |
| 3.5% down (FHA) | $5,390 | $151,203 | $1,017 | $68 | $170 | $1,255 | $53,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.72% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Marion area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Grant County, IN | $153,995 | +4.1% | 0.72% |
What can you afford in Indiana on your salary? · Indiana home prices · Salaries in Indiana
Frequently asked questions
How much is a house in Marion?
The typical home in the Marion, IN metro area is worth $153,992 (Zillow, September 2026).
What salary do you need to buy a house in Marion?
About $42,800 a year for the typical home with 20% down at 7.11%.