Marion, IN Real Estate
According to census data in the year 2000 there were 13,793 housing units in Marion.
This represents a 1.5% decline from 14,000 in 1990.
Of those housing units, 13,719 were located in either urbanized areas or urban clusters, and 74 were located in what is classified as a rural area.
Homeownership rate in Marion is about 61.6%.
Marion's vacancy rate, including seasonal lodging, is about 9.9%.
Average household size is 2.29 people.
The majority of houses, apartments or condos in Marion were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.50% |
| One Bedroom | 17.50% |
| Two Bedrooms | 31.90% |
| Three Bedrooms | 37.10% |
| Four Bedrooms | 10.10% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.41 |
| Median year structure was built | 1953 |
| Median Value of occupied units | $57,000 |
| Median Price asked for vacant units | $41,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.11 |
| Median year structure was built | 1963 |
| Median Monthly Rent asked for vacant units | $339 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.80% |
| Home Equity Loan | 3.10% |
| Simple Mortgage | 54.80% |
| Debt Free | 35.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.7% |
