69 / 100

Marion County, IN

Center

RANK #311 / 996 NAT  ·  #15 / 28 IN  ·  POP 971,737

1YR FORECAST: +0.6%

5YR OUTLOOK: +29%

#7 Most Undervalued
Our model projects above-average housing market growth for Marion County at +0.6% over the next year.

[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] Top Employers

  1. 1
    IU Health Healthcare
    25,000+
  2. 2
    Franciscan Health Healthcare
    10,000+
  3. 3
    Community Health Network Healthcare
  4. 4
    Eli Lilly & Co. Manufacturing
  5. 5
    Ascension St. Vincent Healthcare
  6. 6
    Indiana University (IUPUI) Education
    5,000+
  7. 7
    Kemper Life Finance
  8. 8
    Roche Diagnostics Corp. Healthcare
    2,500+
  9. 9
    Rolls-Royce Corp. Manufacturing
  10. 10
    Anthem, Inc. Healthcare
    1,000+

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
33.2%
of residents (national avg: 33%)

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] Crime & Safety

F
SAFETY
GRADE
Homicide Rate
20.6
per 100K · nat avg 6.3
Firearm Fatalities
28.2
per 100K · nat avg 14.8
Injury Deaths
131.2
per 100K · nat avg 76.3
vs National Average
Well above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

C
AIR QUALITY
GRADE
Median AQI (3yr)
58.0
Moderate
Good Air Days
24%
266 of 1,095 days
Unhealthy+ Days (3yr)
40
Includes 1 Very Unhealthy
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
58
2022
56
2023
60
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] 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.

[08] 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.

[09] Frequently Asked Questions

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

With a Boom Town Index score of 69/100, Marion County sits in the upper half of all 996 ranked counties. Employment is expanding at +0.7%, and median household income stands at $59,504 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in IN.

Is Marion County affordable?

Housing in Marion County is roughly in line with national affordability norms. The median home costs $184,100 and the income-to-home-value ratio sits at 0.32, with rents averaging $1,042/month. Not a bargain, but not a stretch for most local earners either.

Is Marion County growing or shrinking?

Population and employment in Marion County are both close to flat — population +0.2% YoY and jobs +0.7%. Home values shifted +0.5% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Marion County?

There's a moderate stream of newcomers. About 2.95% of residents moved from another state, which is above average and suggests Marion County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Bartholomew County, IN 66 Allen County, IN 74 Lake County, IN 62 Tippecanoe County, IN 77 Clark County, IN 60 Howard County, IN 60 Lake County, IL 69 Passaic County, NJ 70