What is the rental vacancy rate in Marion, IN?

The rental vacancy rate in Marion, IN is 5.1% (±3.0 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 0.9% (±0.8 points).

1,964 (±390) homes, 15.2% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Marion, the rental vacancy rate went from 12.4% in 2015–2019 to 5.1% in 2020–2024 (−7.3 percentage points), a measurable decrease.

Figures last updated on .

Rental vacancy rate
5.1% (±3.0 points)
Homeowner vacancy rate
0.9% (±0.8 points)
Vacant homes
1,964 (±390)

Vacancy in Marion against Grant County, its state and the nation

Estimate (90% margin of error)
MarionGrant CountyIndianaUnited States
Rental vacancy rate5.1% (±3.0 points)5.9% (±2.7 points)5.6% (±0.3 points)5.5%
Homeowner vacancy rate0.9% (±0.8 points)0.8% (±0.4 points)0.8% (±0.1 points)0.9%
Vacant housing units1,964 (±390)3,134 (±442)260,559 (±6,417)14,547,859

The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.

In Marion, the rental vacancy rate is not measurably different from Grant County (5.9%).

It is not measurably different from Indiana (5.6%).

It is not measurably different from the national figure (5.5%).

Rental vacancy rate in places near Marion

Nearest places with a published estimate, compared with Marion
PlaceDistanceRental vacancy rateCompared with this place
Marion—5.1% (±3.0 points)—
Center Township (Grant County)2.6 mi4.5% (±3.4 points)Not measurably different
Franklin Township (Grant County)4.1 mi3.0% (±4.7 points)Not measurably different
Jonesboro5.1 mi24.9% (±16.5 points)Higher
Mill Township5.1 mi8.2% (±6.2 points)Not measurably different
Washington Township (Grant County)5.2 mi11.5% (±17.1 points)Not measurably different
Pleasant Township (Grant County)5.4 mi3.8% (±6.0 points)Not measurably different
Gas City5.5 mi6.1% (±8.5 points)Not measurably different
Sweetser5.7 mi0.0% (±33.2 points)Not measurably different

Nearby places with a measurably higher figure: Jonesboro, IN (24.9%).

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

Rental vacancy rate across Grant County, place by place

RankPlaceRental vacancy rate
4Richland Township (Grant County)15.3% (±27.7 points)
5Fairmount Township12.0% (±17.3 points)
6Washington Township (Grant County)11.5% (±17.1 points)
7Mill Township8.2% (±6.2 points)
8Gas City6.1% (±8.5 points)
9Van Buren6.0% (±11.4 points)
10Marion5.1% (±3.0 points)
11Center Township (Grant County)4.5% (±3.4 points)
12Pleasant Township (Grant County)3.8% (±6.0 points)
13Franklin Township (Grant County)3.0% (±4.7 points)
14Van Buren Township (Grant County)2.9% (±6.3 points)
15Matthews1.9% (±5.2 points)
16 (tie)Fairmount0.0% (±15.7 points)

Showing 13 of 23 places in Grant 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

Is it hard to find a rental in Marion?

The rental vacancy rate in Marion, IN is 5.1% (±3.0 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.

Is the rental market in Marion tighter than it was?

In Marion, the rental vacancy rate went from 12.4% in 2015–2019 to 5.1% in 2020–2024 (−7.3 percentage points), a measurable decrease.

How many homes are vacant in Marion?

An estimated 1,964 (±390) housing units, 15.2% of the total, including seasonal homes and homes waiting to be sold or rented.

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 city, Indiana (place:46908, in state:18).

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

The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM

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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