46952, Marion, IN

Home equity is a measure of the value of a home minus the outstanding mortgage debt on that home. In Marion, IN, as of September 2017, the median home equity was $136,000. This means that half of all homes in Marion have more equity than their outstanding mortgage debt.

Marion's median home price was $128,000 in September 2017. This means that half of all homes in Marion were worth more than their outstanding mortgage debt. The average home price in Marion has increased by 7% since September 2016.

The reason for Marion's strong housing market is likely due to its low unemployment rate and strong economy. The unemployment rate in Marion was 2% as of September 2017, which is lower than the Indiana statewide unemployment rate of 3%. Additionally, the city has seen steady economic growth over the past few years thanks to its thriving manufacturing sector. This has led to an increase in jobs and higher wages, which are likely contributing to Marion's strong housing market.