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

62 / 123

Reliable / Active

Cap Rate

17%

Middle-Earners Gross Yield

Revenue

$22,912

Middle-Earners Revenue

Occupancy

67%

Middle-Earners Occupancy

Home Value

$133,407

Median Home Sale Price

Top Earners

$38,423

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 and the county seat of Grant County, Indiana, United States, along the Mississinewa River. The population was 28,310 as of the 2020 census. It is named for Francis Marion, a brigadier general from South Carolina in the American Revolutionary War. The city is home to Indiana Wesleyan University, the largest evangelical Christian university in the Midwest and Indiana's largest private university, when online and regional campuses in Indiana, Kentucky, Ohio, and Illinois are included. The traditional campus enrolls about 2,800 students. Marion is the birthplace of actor James Dean and cartoonist Jim Davis, and was the location of the wedding of actress Julia Roberts and singer Lyle Lovett in 1993. Ronald Douglas Morrell Jr. is the city's first African American mayor and has been mayor since 2024.

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