Marion, IN

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Marion short-term rental market based on reliable data.

Listings

66 / 125

Reliable / Active

Cap Rate

18%

Middle-Earners Gross Yield

Revenue

$24,904

Middle-Earners Revenue

Occupancy

68%

Middle-Earners Occupancy

Home Value

$141,374

Median Home Sale Price

Top Earners

$36,870

Top-Earners Revenue

Marion

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Marion.

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B

Generally Investor friendly

Marion Regulations

STRs are explicitly allowed citywide under Indiana’s HB 1035; permit fees are capped at $150 and no meaningful caps or bans exist. The process is clear and standard (state sales tax, county registration, safety checks), offering manageable operational rules without heavy restrictions.

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About Marion

Marion is a city in north-central Indiana and serves as the county seat of Grant County, with a population of roughly 29,000 residents. It carries a classic Midwestern character, blending a working-class, manufacturing-rooted identity with a notable university-town energy thanks to the presence of Indiana Wesleyan University. The city is best known as a regional hub for the surrounding rural communities and as a gateway to outdoor recreation at nearby reservoirs and state parks. Marion sits approximately 60 miles northeast of Indianapolis, the nearest major metropolitan area, and lies within easy driving distance of Fort Wayne to the northeast as well.

One of the more distinctive local institutions is the Quilters Hall of Fame, located in downtown Marion. It celebrates the artistry and heritage of quilting through a museum and rotating exhibits honoring influential quilt makers from across the country. The hall is a niche cultural draw that distinguishes Marion from similarly sized Midwestern cities and is an easy walk or short drive from most points in town.

Just a short drive southwest of town, Mississinewa Lake offers a substantial change of pace. Managed by the U.S. Army Corps of Engineers, the reservoir spans thousands of acres and is popular for fishing, boating, and shoreline camping, and the surrounding Mississinewa State Recreation Area adds trails and picnic facilities. It is roughly a 15- to 20-minute drive from the center of Marion and provides guests with a reason to stay an extra day rather than passing straight through.

Downtown Marion itself is experiencing a quiet revival, with restored historic façades, locally owned restaurants, and small cultural venues anchoring a walkable core. The area around the courthouse square hosts community events throughout the year and offers a slice of small-city Indiana life that appeals to visitors seeking an authentic off-the-beaten-path experience. Nearby Matter Park, a short drive from the center of town, adds another layer of local appeal with gardens, walking paths, and family-friendly recreation.

Marion makes a compelling base for short-term rentals because it sits at an intersection of practical small-city amenities and access to nature. Guests can enjoy a genuine Indiana setting with a university, a nationally recognized specialty museum, a walkable downtown, and a sizable Army Corps reservoir all within minutes, while Indianapolis remains close enough for a day trip. That combination of affordability, accessibility, and variety gives the city an understated appeal for travelers exploring the heart of the Hoosier state.

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