Zip Code:

46953, Marion, IN

46953 is a Indiana Zip code within the city of Marion and the county of Grant County. Its population is roughly 23,333.

The Real Estate Market in the 46953 Zip Code of Marion, Indiana

Marion, Indiana is a small town located in the southwestern corner of the state. The population was just over 30,000 as of the 2010 census, making it one of the smaller towns in Indiana. Marion is also one of the more affordable towns in Indiana. The median household income was just over $50,000 as of 2010, which is lower than both Indianapolis and Carmel-by-the-Sea but higher than most other towns in southern Indiana.

The 46953 zip code covers a small area near Marion and has a population density of only about 10 people per square mile. This means that homes in this zip code are typically much cheaper than homes in larger cities such as Indianapolis or Carmel-by-the-Sea. The average home price in 46953 was just under $100,000 as of May 2016, which is significantly lower than both the statewide median home price (which was nearly $200,000) and the national average home price (which was nearly $200,000). In fact, if you were to look at all homes for sale within 5 miles of Marion (including those outside Marion), you would find that only about 1% of them were priced at more than $300,000 – far below the statewide and national averages.

One reason why homes are so affordable in 46953 is that there are relatively few high-priced homes available for sale here. In fact, only about 2% of all homes for sale within 5 miles of Marion are priced at more than $300,000 – well below both the statewide and national averages. This suggests that buyers who want to purchase a home in this zip code need to be prepared to put down a relatively low down payment (typically around 10%). Additionally, because there are so few high-priced homes available for sale here, sellers have little incentive to list their home at an unnecessarily high price point. As a result, buyers can usually negotiate very good deals on properties located within 5 miles of Marion – even if they don’t have any prior experience buying or selling real estate..

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