What is the median home value in Marion Township (Shelby County), IN?

The median value of owner-occupied homes in Marion Township (Shelby County), IN is $244,300 (±$41,832), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Marion Township (Shelby County), the median home value went from $171,900 in 2015–2019 to $244,300 in 2020–2024 (+42.1%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on .

Median home value
$244,300 (±$41,832)
Owner-occupied homes
589 (±135)
Most common range
$200,000 to $299,999

Home values in Marion Township (Shelby County)

Owner-occupied homes by value, 2020–2024
ValueMarion Township (Shelby County)Shelby CountyIndianaUnited States
Less than $50,0000.0% (±6.2 points)6.3%6.0%5.3%
$50,000 to $99,9999.2% (±8.3 points)9.4%10.1%6.1%
$100,000 to $149,9997.0% (±8.8 points)13.9%12.7%6.8%
$150,000 to $199,99914.8% (±7.9 points)16.7%15.8%9.0%
$200,000 to $299,99930.9% (±11.2 points)25.6%25.1%17.8%
$300,000 to $499,99928.4% (±13.7 points)19.7%21.8%26.9%
$500,000 to $999,9997.1% (±7.9 points)7.8%7.3%20.9%
$1,000,000 or more2.7% (±3.9 points)0.6%1.2%7.1%

The most common range is $200,000 to $299,999, 30.9% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Marion Township (Shelby County) against Shelby County, its state and the nation

Estimate (90% margin of error)
Marion Township (Shelby County)Shelby CountyIndianaUnited States
Median home value$244,300 (±$41,832)$212,400 (±$10,111)$218,200 (±$739)$332,700
Owner-occupied homes589 (±135)13,368 (±448)1,916,243 (±9,865)84,210,142

In Marion Township (Shelby County), the median home value is not measurably different from Shelby County ($212,400).

It is not measurably different from Indiana ($218,200).

It is lower than the national figure ($332,700).

In Shelby County, Marion Township (Shelby County) ranks 8 of 17 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 323 of 1,574.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Marion Township (Shelby County) have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median home value$171,900 (±$19,255)$244,300 (±$41,832)+42.1%No measurable change after inflation
Median owner cost with a mortgage$1,375 (±$182)$1,640 (±$266)+19.3%No measurable change after inflation
Median real estate taxes$1,373 (±$210)$1,747 (±$430)+27.2%No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median home value in places near Marion Township (Shelby County)

Nearest places with a published estimate, compared with Marion Township (Shelby County)
PlaceDistanceMedian home valueCompared with this place
Marion Township (Shelby County)—$244,300 (±$41,832)—
Union Township (Shelby County)4.0 mi$256,400 (±$36,612)Not measurably different
Shelbyville4.4 mi$174,700 (±$14,772)Lower
Van Buren Township (Shelby County)5.1 mi$328,400 (±$45,908)Higher
Hanover Township (Shelby County)5.2 mi$189,500 (±$30,909)Lower
Brandywine Township (Shelby County)5.4 mi$250,400 (±$45,004)Not measurably different
Addison Township5.4 mi$178,600 (±$13,458)Lower
Morristown6.4 mi$162,000 (±$13,832)Lower
Fairland6.7 mi$186,600 (±$91,075)Not measurably different

Nearby places with a measurably lower figure: Shelbyville, IN ($174,700), Hanover Township (Shelby County), IN ($189,500), Addison Township, IN ($178,600).

Nearby places with a measurably higher figure: Van Buren Township (Shelby County), IN ($328,400).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Shelby County, place by place

RankPlaceMedian home value
2Van Buren Township (Shelby County)$328,400 (±$45,908)
3Moral Township$301,200 (±$39,826)
4Hendricks Township$293,800 (±$144,037)
5Liberty Township (Shelby County)$260,500 (±$17,743)
6Union Township (Shelby County)$256,400 (±$36,612)
7Brandywine Township (Shelby County)$250,400 (±$45,004)
8Marion Township (Shelby County)$244,300 (±$41,832)
9Sugar Creek Township (Shelby County)$234,600 (±$57,201)
10Shelby Township (Shelby County)$217,600 (±$50,544)
11Hanover Township (Shelby County)$189,500 (±$30,909)
12Fairland$186,600 (±$91,075)
13Noble Township (Shelby County)$179,700 (±$51,728)
14Addison Township$178,600 (±$13,458)

Showing 13 of 17 places in Shelby County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Marion Township (Shelby County)

What is the average home value in Marion Township (Shelby County), IN?

The Census Bureau publishes the median: $244,300 (±$41,832) for owner-occupied homes in Marion Township (Shelby County) (2020–2024 American Community Survey).

Have home values in Marion Township (Shelby County) gone up?

In Marion Township (Shelby County), the median home value went from $171,900 in 2015–2019 to $244,300 in 2020–2024 (+42.1%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Is this what homes in Marion Township (Shelby County) sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Marion township, Shelby County, Indiana (county subdivision:47052, in state:18 county:145).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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