Real Estate Investing in Marion County, Indiana

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

37 ZIP codes • Population: 1,001,443

Should you buy in Marion County, IN? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (70/100)

Solid choice β€” stable market with a reasonable entry point and good rental backup if you ever need to move.

πŸ“ˆ For Investors
MIXED
3.0 / 5 (52/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 9.9% vacancy may signal weakening demand.

What’s happening in Marion County, IN?

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3.0/ 5

Investability

County-wide average

3.0/ 5

Appreciation

4.3% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $255,724
Avg Monthly Rent $1,501
ZIP Codes 37

Investing in Marion County Real Estate

With 1,001,443 residents across 4 cities, Marion County shows lackluster fundamentals that keep most passive capital on the sidelines β€” a region that demands real local knowledge.

plainly Marion County's β˜…β˜…β˜…β˜†β˜† aggregate rating reflects thin investor metrics across the board β€” soft rent growth, soft appreciation, and structural headwinds worth taking seriously.

Demographics in Marion show real pressure β€” $N/AK median income is subdued relative to rents, and the 0% renter share includes significant cost-burdened households.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Marion County, IN. Anonymous, moderated, never written by AI.

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Property managers serving Marion County

Manage rentals here? List your business →

Atlas Property Services, LLC offers quality home rentals and property management services in Indianapolis and Muncie, including single-family homes and duplexes. summary from their website

Single-familySmall multifamily
Unclaimed β€” is this your business? Claim it free

Orion Property Management offers real estate and property management services for residential and commercial properties, including leasing, collections, maintenance, and city compliance. summary from their website

Single-familyCommercial
Unclaimed β€” is this your business? Claim it free

Red Door Property Management offers property management services in Indianapolis, including marketing, tenant screening, maintenance, leasing, eviction protection, and Airbnb management. summary from their website

Short-term rentals
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Listings are shown for convenience β€” Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$255,724
Avg Monthly Rent
$1,501
1% Rule
βœ— Below
Landlord Friendly (IN)
β˜…β˜…β˜…β˜…β˜…

πŸŽ“ Colleges & Universities in Marion County

20 Colleges 156,493 Students 47,422 Off-Campus Renters
B
Indiana University-Indianapolis
4-Year Public Β· 25,497 students
πŸ“ ~7,292 students rent off-campus
C+
Butler University
4-Year Private Β· 5,763 students
C+
Textures Institute of Cosmetology
Vocational For-Profit Β· 23 students
C+
University of Indianapolis
4-Year Private Β· 5,447 students
C
Ivy Tech Community College
2-Year Public Β· 100,077 students
πŸ“ ~40,130 students rent off-campus
C
Marian University
4-Year Private Β· 3,586 students
C
Martin University
4-Year Private Β· 223 students
C
International Business College-Indianapolis
2-Year For-Profit Β· 145 students
C
Horizon University
4-Year Private Β· 66 students
C
American College of Education
4-Year For-Profit Β· 11,961 students
C
Paul Mitchell the School-Indianapolis
Vocational For-Profit Β· 224 students
C
Chamberlain University-Indiana
4-Year For-Profit Β· 177 students
C
Lincoln College of Technology-Indianapolis
2-Year For-Profit Β· 1,004 students
C
Aviation Institute of Maintenance-Indianapolis
2-Year For-Profit Β· 160 students
D
Christian Theological Seminary
4-Year Private Β· 144 students
D
Tricoci University of Beauty Culture-Indianapolis
Vocational For-Profit Β· 341 students
D
MyComputerCareer at Indianapolis
2-Year For-Profit Β· 1,034 students
D
Empire Beauty School-Speedway
Vocational For-Profit Β· 209 students
D
Kenny's Academy of Barbering
Vocational For-Profit Β· 147 students
F
Fortis College-Indianapolis
2-Year For-Profit Β· 265 students

Investor Insight: With 47,422 students living off-campus, Marion County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Marion County

ZIP Codes in Marion County, IN

46227 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 57,164
Avg Home $230,105
Avg Rent $1,297/mo
46226 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 45,640
Avg Home $162,871
Avg Rent $1,228/mo
46237 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 42,747
Avg Home $261,809
Avg Rent $1,712/mo
46254 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 40,263
Avg Home $223,405
Avg Rent $1,312/mo
46224 β˜… β˜… β˜… β˜… β˜…
Speedway
Population 39,858
Avg Home $203,480
Avg Rent $1,077/mo
46217 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 38,659
Avg Home $259,713
Avg Rent $1,581/mo
46219 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 38,246
Avg Home $187,593
Avg Rent $1,049/mo
46222 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 37,608
Avg Home $126,403
Avg Rent $1,234/mo
46203 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 37,297
Avg Home $168,872
Avg Rent $1,528/mo
46220 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 36,159
Avg Home $348,782
Avg Rent $1,514/mo
46235 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 35,897
Avg Home $218,714
Avg Rent $1,822/mo
46260 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 35,102
Avg Home $311,019
Avg Rent $1,286/mo
46239 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 33,403
Avg Home $295,967
Avg Rent $1,945/mo
46241 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 32,943
Avg Home $157,981
Avg Rent $1,338/mo
46201 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 31,650
Avg Home $154,963
Avg Rent $1,225/mo
46205 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 29,196
Avg Home $263,073
Avg Rent $1,295/mo
46218 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 28,560
Avg Home $115,342
Avg Rent $1,280/mo
46229 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 28,284
Avg Home $219,365
Avg Rent $1,795/mo
46234 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 27,941
Avg Home $281,988
Avg Rent $2,117/mo
46221 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 26,255
Avg Home $210,237
Avg Rent $1,345/mo
46236 β˜… β˜… β˜… β˜… β˜…
Lawrence
Population 26,049
Avg Home $333,392
Avg Rent $1,792/mo
46268 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 25,623
Avg Home $257,299
Avg Rent $1,488/mo
46214 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 24,645
Avg Home $232,798
Avg Rent $1,272/mo
46208 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 22,026
Avg Home $175,906
Avg Rent $1,239/mo
46256 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 21,785
Avg Home $349,759
Avg Rent $1,249/mo
46202 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 20,331
Avg Home $352,826
Avg Rent $1,535/mo
46240 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 19,632
Avg Home $370,657
Avg Rent $1,530/mo
46250 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 17,933
Avg Home $333,599
Avg Rent $1,392/mo
46113 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 17,367
Avg Home $280,716
Avg Rent $2,007/mo
46228 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 16,324
Avg Home $272,618
Avg Rent $1,468/mo
46259 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 15,049
Avg Home $379,175
Avg Rent $1,996/mo
46107 β˜… β˜… β˜… β˜… β˜…
Beech Grove
Population 13,021
Avg Home $192,593
Avg Rent $1,340/mo
46204 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 11,022
Avg Home $350,303
Avg Rent $1,658/mo
46231 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 10,950
Avg Home $257,686
Avg Rent $2,095/mo
46278 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 8,733
Avg Home $434,952
Avg Rent $1,548/mo
46225 β˜… β˜… β˜… β˜… β˜…
Indianapolis
Population 5,535
Avg Home $176,170
Avg Rent $1,411/mo
46216 β˜… β˜… β˜… β˜… β˜…
Lawrence
Population 2,546
Avg Home $309,652
Avg Rent $1,556/mo

Screen every market in Marion County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Marion County

Is in IN worth investing in?

, IN scores 3.0/5 for investability. Home values sit at $256K and rents near $1,501/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.

Are rents high in, IN?

Rental rates in, IN average $1,501/mo. Tenant demand and $256K home values make the yield look reasonable by investor standards.

Do landlords face vacancy issues in, IN?

, IN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.

Is, IN above or below the IN benchmark?

Relative to IN as a whole, ranks broadly in line with. The local 3.0/5 score summarizes the position.

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