Real Estate Investing in Marion, Indiana (46953)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46953 (Marion, IN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.0% of homes vacant — above national norms.
- Elevated poverty: 21.6% poverty rate — can affect rent collection.
What’s happening in Marion, IN (46953)?
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Market Analysis: 46953 Marion
The 46953 ZIP in Marion, IN is a local-operator market. Outside capital chasing a $108K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 46953 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 46953 sits on the difficult end of the IN spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 46953 includes headwinds that any investor should price in. Income distribution skews lower than Marion averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 46953 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Marion:
Property Strategy for 46953
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $68,294 | $970 | 10.2% | +10.0% | $34,147 |
| 3BR | $111,191 | $1,280 | 8.3% | +8.7% | $37,064 |
| 4BR | $178,757 | $1,430 | 5.8% | +7.6% | $44,689 |
| 5BR | $223,993 | — | — | — | $44,799 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 46953 Compare?
| Metric | 46953 | Marion | Marion, IN | Indiana |
|---|---|---|---|---|
| Home Value | $107,570 | $138,755 | N/A | $248,442 |
| 5-Year CAGR | 5.8% | 6.4% | N/A | 7.7% |
| Avg Rent | $969 | $892 | N/A | - |
| Cap Rate | 7.0% | 5.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 46953 (Marion, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $107,570 |
| Monthly Rent | $969 |
| Price-to-Rent | 9.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.8% |
| Cap Rate | 7.0% |
| 5-Year IRR | 12.8% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.0%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 46953
Population: 23,570
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 46953
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is rental property easy to operate in Marion, IN?
IN ranks as a landlord-friendly state for landlord-tenant law. Marion generally follows the statewide framework, so landlords face reasonable operating rules.
Is it easy to find good tenants in Marion, IN?
Tenant quality in Marion, IN ranks as solid. Landlords generally report predictable occupancy at market rents of $969/mo.
How do home values compare in Marion, IN?
The median home value in Marion, IN is roughly $108K. That puts it reasonable relative to the IN statewide average.
Is Marion, IN suited for a house hack?
House hacking works a challenging in Marion, IN. Rents of $969/mo against $108K acquisition make the strategy solid for owner-occupants.
How much do tenants pay in Marion, IN?
The typical rental in Marion, IN commands about $969/mo monthly. That rent profile reliable cash flow against the $108K purchase basis.
You know 46953 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 46953 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 46953 ranks in Marion, IN
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