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Marion County, IN

RANK #559 / 996  ·  POP 971,737  ·  IN

PROJECTED GROWTH: +0.5%

Marion County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Marion County?

Central Indiana's Marion County, home to Indianapolis, stands out for its unique consolidated city-county government, known as Unigov, a structure established in 1970. This central Indiana county offers a mix of urban and suburban living, with communities like Beech Grove, Lawrence, Southport, and Speedway retaining their distinct municipal governments. Commuting within the county is facilitated by IndyGo bus services, with routes connecting various areas, and options like half-fares for seniors, students, and people with disabilities. The White River flows through the county, contributing to its natural scenery, and residents have access to extensive outdoor recreation through Indy Parks and Recreation, which manages over 200 parks, miles of trails, and numerous greenspaces, including Fort Harrison State Park and Eagle Creek Park.

Life in Marion County attracts a diverse population, including families and young professionals. The county's economy is driven by sectors such as healthcare, with major employers like IU Health and Eskenazi Health, and a strong manufacturing presence, including companies like Rolls-Royce. Educational institutions, including IU Indianapolis and Butler University, also contribute to the economic landscape. Marion County offers a range of public school options across its eleven different school districts.

[02] Market Snapshot

Housing Ratio
1.6x

Undervalued relative to economy

GDP Growth
+3.1%

Above national median

Home Prices
+0.5%

Well below national median

Climate & Terrain
-2.5

Below-average climate & terrain

Price/Rent
11x

Strong rental yield

Housing looks undervalued at 1.6x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Marion County U.S. National

The Numbers

DEMOGRAPHICS
Population
971,737
+0.23% YoY
Median Household Income
$59,504
Median Home Value
$184,100
+0.45% 12mo
Median Rent
$1,042
Average Annual Pay
$76,163
+5.7% YoY
Employment
625,533
+0.7% YoY
Income-to-Home-Value
0.3232
More affordable than average
Migration Inflow
2.95%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$240,000
Days on Market
60
Slower market
Months of Supply
3.1
Balanced market
Sale-to-List Ratio
96.8%
Negotiation room for buyers
Sold Above List
14.2%
Listings w/ Price Drops
32.9%
Building Permits (2024)
1,906
Single-Family Permits
1,253

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$1,384M
TOTAL
PROJECT AMOUNT STATUS
Roche Diagnostics Expansion
Roche Diagnostics
$550M Under Construction
Sabey Data Centers Campus
Sabey Data Centers
$500M Proposed
Peregrine Energy Solutions Battery Storage Facility
Peregrine Energy Solutions, Rocky Mountain Energy Holdings, LLC
$144M Planned
DC BLOX Data Center at Thunderbird Commerce Center
DC BLOX
$100M Planned
Marion County Solar Portfolio (multiple projects)
Community Energy Inc., Dominion Generation, Terraform Arcadia, EDF Renewables, Marion Solar LLC
$50M Operating
TWG Development Apartment Community
TWG Development
$40M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +3.1% 58 percentile
Population Growth +0.2% 40 percentile
Income Growth +9.0% 63 percentile
Vacancy Rate 1.5% 22 percentile
Home Price Change +0.5% 37 percentile
Rent Growth +2.4% 39 percentile
Price/Rent 11x 76 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Marion County, IN a good place to move to?

Marion County has a Boom Town Index score of 44/100, ranking #559 among 996 U.S. counties. With job growth at +0.7% and a median household income of $59,504, it faces some economic headwinds compared to faster-growing counties.

Is Marion County affordable?

The median home value in Marion County is $184,100 with median rent at $1,042/month. The income-to-home-value ratio is 0.3232, which is more affordable than the national average.

Is Marion County growing or shrinking?

Population growth: +0.2% year-over-year. Job growth: +0.7%. Home values changed +0.5% in the past 12 months.

Are people moving to Marion County?

Yes — 2.95% of Marion County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Faulkner County, AR 54 Washington County, PA 54 Westmoreland County, PA 54 Pickens County, SC 54 Franklin County, VT 54 Henrico County, VA 54 James City County, VA 54 Kanawha County, WV 54