Marion Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Marion averaged 6.89% for the week of 2025-05-22, compared to the national average of 6.86% for the same period.

    The average rate for the prior week (2025-05-15) was 7.14% and one month ago for the week of 2025-04-17, the average rate was 7.16%.

    Marion's average rate one year ago was 7.05%.

    For refis of the same type during the week of 2025-05-22, the average rate was 6.96%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-05-22 6.86%
    Marion 30 Year Fixed Rate 2025-05-22 6.89%
    Marion 30 Year Fixed Rate Refi 2025-05-22 6.96%
    Marion 15 Year Fixed Rate 2025-05-22 6.01%
    Marion 15 Year Fixed Rate Refi 2025-05-22 6.11%
    Marion 30 Year FHA 2025-05-22 6.96%
    Marion 30 Year FHA Refi 2025-05-22 6.71%
    Marion 30 Year USDA 2025-05-22 6.53%
    Marion 30 Year USDA Refi 2025-05-22 6.53%
    Marion 30 Year VA 2025-05-22 6.32%
    Marion 30 Year VA Refi 2025-05-22 6.72%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Marion, IN.

    Marion Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Marion, IN market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    RUOFF MORTGAGE COMPANY, INC. 116 6.77% $2,616
    UNION HOME MORTGAGE CORP. 37 7.07% $4,252
    QUICKEN LOANS, LLC 22 6.79% $4,756
    Regions Bank 21 7.07% $2,956
    First Farmers Bank and Trust Company 16 7.44% $2,455
    Nations Lending Corporation 15 7.03% $3,116
    STAR Financial Bank 14 6.46% $2,850
    Northwest Bank 11 6.58% $1,751
    INDIANA MEMBERS CREDIT UNION 7 6.45% $2,886
    Horizon Bank 7 7.36% $2,860
    NEWREZ LLC 7 6.57% $2,785
    GVC MORTGAGE, INC. 7 6.90% $5,350
    BEACON CREDIT UNION 6 6.79% $2,255
    Three Rivers Federal Credit Union 5 7.40% $3,081
    The Huntington National Bank 5 7.78% $3,654
    MEMBER FIRST MORTGAGE, LLC 5 7.43% $3,799
    FORUM Credit Union 4 6.78% $1,926
    Discover Bank 4 7.52% $0
    UNITED WHOLESALE MORTGAGE, LLC 4 7.19% $2,744
    Farm Credit Mid-America, ACA 4 7.00% $6,094
    Union Savings Bank 4 7.19% $1,911
    JPMorgan Chase Bank 4 6.63% $2,389
    CHURCHILL MORTGAGE CORPORATION 3 6.71% $3,963
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.96% $6,057
    Fifth Third Bank 3 6.83% $3,006
    First Merchants Bank 3 7.33% $3,272
    NAVY FEDERAL CREDIT UNION 3 6.42% $2,302
    PNC Bank 3 6.71% $2,696
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.69% $5,764
    First Federal Savings Bank 2 7.13% $2,479
    MIDWEST AMERICA 2 7.06% $2,480
    Mr. Cooper ( Nationstar Mortgage ) 2 7.56% $6,945
    CROSSCOUNTRY MORTGAGE, LLC 2 8.47% $4,749
    ZILLOW HOME LOANS, LLC 2 6.81% $3,235
    STOCKTON MORTGAGE CORPORATION 2 7.25% $4,235
    GUILD MORTGAGE COMPANY 2 7.38% $3,887
    ROYAL UNITED MORTGAGE LLC 2 7.38% $4,892
    MJW Financial LLC 1 7.50% $4,956
    Mortgage Research Center, LLC 1 6.63% $5,813
    EVANSVILLE TEACHERS 1 6.63% $2,443
    Wolfe Financial, Inc 1 7.25% $3,991
    ENDEAVOR CAPITAL, LLC. 1 6.25% $3,024
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 6.99% $2,985
    Old National Bank 1 5.88% $2,313
    Paramount Residential Mortgage Group, Inc. 1 7.50% $4,843
    PLAZA HOME MORTGAGE, INC. 1 7.00% $2,669
    POLARIS HOME FUNDING CORP. 1 7.13% $5,401
    PREMIA MORTGAGE, LLC 1 7.13% $165
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.38% $3,146
    ProFed Federal Credit Union 1 6.13% $2,821
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.50% $2,869
    BROKER SOLUTIONS, INC. 1 7.88% $8,473
    Security Federal Savings Bank 1 6.88% $2,421
    Solidarity Community Federal Credit Union 1 7.00% $2,934
    SOUTH CAROLINA FEDERAL CREDIT UNION 1 8.38% $2,307
    SOUTHWEST FUNDING, LP 1 7.13% $6,232
    BMO Harris Bank 1 6.75% $2,916
    TEACHERS CREDIT UNION 1 7.13% $4,579
    BETTER MORTGAGE CORPORATION 1 5.88% $2,445
    The State Bank and Trust Company 1 7.00% $2,973
    Bank of America 1 7.50% $2,624
    AMERISAVE MORTGAGE CORPORATION 1 7.50% $6,308
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.13% $6,002
    American Mortgage & Equity Consultants, Inc. 1 7.13% $2,872
    USAA Federal Savings Bank 1 6.63% $1,984
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.63% $2,981
    HALLMARK HOME MORTGAGE, LLC 1 7.38% $2,684
    Gateway First Bank 1 6.88% $12,757
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.63% $3,700
    Flagstar Bank, FSB 1 7.13% $2,696
    ISERVE RESIDENTIAL LENDING, LLC 1 6.88% $3,137
    Ixonia Bank 1 6.88% $2,978
    First Financial Bank 1 7.25% $5,974
    LAKE MICHIGAN CREDIT UNION 1 6.50% $2,652
    LOANDEPOT.COM, LLC 1 7.38% $3,658

    Marion Average Closing Costs & Other Stats

    Marion, IN's 75 lenders originated 1,159 loans during 2024. The total origination value was $148,915,000, with an average loan value of $128,486.

    Marion's average closing costs are $3,878.

    The top Marion lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 116 loans originated. Their average total fees are $2,616, which is $1,636 lower than the next largest lender, UNION HOME MORTGAGE CORP..

    The lowest fee Marion lenders (with over 10 loans originated) are Northwest Bank ($1,751), First Farmers Bank and Trust Company ($2,455), RUOFF MORTGAGE COMPANY, INC. ($2,616), STAR Financial Bank ($2,850) and Regions Bank ($2,956).

    The lowest rate Marion lenders (with over 10 loans originated) are STAR Financial Bank (6.46%), Northwest Bank (6.58%), RUOFF MORTGAGE COMPANY, INC. (6.77%), QUICKEN LOANS, LLC (6.79%) and Nations Lending Corporation (7.03%).

    Marion, IN Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    RUOFF MORTGAGE COMPANY, INC. $19,755,000 $30,230,000 53.0% 20.3%
    UNION HOME MORTGAGE CORP. $9,440,000 $11,225,000 18.9% 7.5%
    STAR Financial Bank $6,850,000 $7,840,000 14.5% 5.3%
    QUICKEN LOANS, LLC $5,415,000 $7,675,000 41.7% 5.2%
    Mortgage Research Center, LLC $4,345,000 $6,600,000 51.9% 4.4%
    First Farmers Bank and Trust Company $6,710,000 $6,365,000 -5.1% 4.3%
    Regions Bank $10,950,000 $4,730,000 -56.8% 3.2%
    Nations Lending Corporation $2,780,000 $3,690,000 32.7% 2.5%
    INDIANA MEMBERS CREDIT UNION $1,685,000 $3,640,000 116.0% 2.4%
    UNITED WHOLESALE MORTGAGE, LLC $480,000 $3,140,000 554.2% 2.1%
    Northwest Bank $3,560,000 $3,020,000 -15.2% 2.0%
    GVC MORTGAGE, INC. $2,065,000 $2,220,000 7.5% 1.5%
    Crossroads Bank $650,000 $2,190,000 236.9% 1.5%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $940,000 $2,140,000 127.7% 1.4%
    NEWREZ LLC $775,000 $2,070,000 167.1% 1.4%
    Horizon Bank $1,260,000 $1,915,000 52.0% 1.3%
    Three Rivers Federal Credit Union $1,155,000 $1,895,000 64.1% 1.3%
    Farm Credit Mid-America, ACA $520,000 $1,770,000 240.4% 1.2%
    NAVY FEDERAL CREDIT UNION $1,760,000 $1,580,000 -10.2% 1.1%
    TRIAD FINANCIAL SERVICES, INC. $1,590,000 $1,465,000 -7.9% 1.0%
    FREEDOM MORTGAGE CORPORATION $905,000 $1,455,000 60.8% 1.0%
    BEACON CREDIT UNION $1,785,000 $1,400,000 -21.6% 0.9%
    NEW DAY FINANCIAL, LLC $950,000 $1,400,000 47.4% 0.9%
    Union Savings Bank $1,380,000 n/a 0.9%
    Mr. Cooper ( Nationstar Mortgage ) $365,000 $1,195,000 227.4% 0.8%
    Fifth Third Bank $525,000 $1,175,000 123.8% 0.8%
    MEMBER FIRST MORTGAGE, LLC $680,000 $1,175,000 72.8% 0.8%
    The Huntington National Bank $495,000 $1,080,000 118.2% 0.7%
    BROKER SOLUTIONS, INC. $695,000 $975,000 40.3% 0.7%
    LOANPAL, LLC $115,000 $945,000 721.7% 0.6%
    PNC Bank $315,000 $870,000 176.2% 0.6%
    LOANDEPOT.COM, LLC $1,050,000 $865,000 -17.6% 0.6%
    STOCKTON MORTGAGE CORPORATION $965,000 $855,000 -11.4% 0.6%
    JPMorgan Chase Bank $1,190,000 $835,000 -29.8% 0.6%
    PENNYMAC LOAN SERVICES, LLC $375,000 $770,000 105.3% 0.5%
    Gateway First Bank $750,000 n/a 0.5%
    INDIANA UNIVERSITY CREDIT UNION $325,000 $745,000 129.2% 0.5%
    21ST MORTGAGE CORPORATION $90,000 $700,000 677.8% 0.5%
    Carrington Mortgage Services, LLC $85,000 $650,000 664.7% 0.4%
    FORUM Credit Union $410,000 $650,000 58.5% 0.4%
    ZILLOW HOME LOANS, LLC $150,000 $615,000 310.0% 0.4%
    First Merchants Bank $1,210,000 $605,000 -50.0% 0.4%
    ROYAL UNITED MORTGAGE LLC $945,000 $600,000 -36.5% 0.4%
    MUTUAL OF OMAHA MORTGAGE, INC. $325,000 $560,000 72.3% 0.4%
    MIDWEST AMERICA $305,000 $550,000 80.3% 0.4%
    HALLMARK HOME MORTGAGE, LLC $795,000 $520,000 -34.6% 0.3%
    First Financial Bank $115,000 $515,000 347.8% 0.3%
    MJW Financial LLC $195,000 $510,000 161.5% 0.3%
    GUILD MORTGAGE COMPANY $470,000 n/a 0.3%
    AMERISAVE MORTGAGE CORPORATION $685,000 $430,000 -37.2% 0.3%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $425,000 n/a 0.3%
    Discover Bank $420,000 n/a 0.3%
    VAN DYK MORTGAGE CORPORATION $415,000 n/a 0.3%
    Bank of America $400,000 n/a 0.3%
    VILLAGE CAPITAL MORTGAGE $400,000 n/a 0.3%
    POLARIS HOME FUNDING CORP. $395,000 n/a 0.3%
    The State Bank and Trust Company $395,000 $385,000 -2.5% 0.3%
    FIRST COMMUNITY MORTGAGE, INC. $380,000 n/a 0.3%
    1ST SIGNATURE LENDING, LLC $280,000 $365,000 30.4% 0.2%
    CHURCHILL MORTGAGE CORPORATION $255,000 $365,000 43.1% 0.2%
    ENDEAVOR CAPITAL, LLC. $300,000 $365,000 21.7% 0.2%
    EUSTIS AND AMERICAN MORTGAGE COMPANY $340,000 n/a 0.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $340,000 n/a 0.2%
    Old National Bank $465,000 $320,000 -31.2% 0.2%
    FLAT BRANCH MORTGAGE, INC. $180,000 $315,000 75.0% 0.2%
    HOWARD HANNA FINANCIAL SERVICES, INC. $315,000 n/a 0.2%
    First Financial Bank $115,000 $305,000 165.2% 0.2%
    CROSSCOUNTRY MORTGAGE, LLC $315,000 $300,000 -4.8% 0.2%
    MOVEMENT MORTGAGE, LLC $2,860,000 $300,000 -89.5% 0.2%
    Ipava State Bank $275,000 n/a 0.2%
    RELIANCE FIRST CAPITAL, LLC $260,000 n/a 0.2%
    SUN WEST MORTGAGE COMPANY, INC. $205,000 $260,000 26.8% 0.2%
    BETTER MORTGAGE CORPORATION $255,000 n/a 0.2%
    Ixonia Bank $255,000 n/a 0.2%
    NBKC BANK $330,000 $255,000 -22.7% 0.2%
    The Federal Savings Bank $255,000 n/a 0.2%
    American Mortgage Bank, LLC $250,000 n/a 0.2%
    PREMIA MORTGAGE, LLC $185,000 $245,000 32.4% 0.2%
    TEACHERS CREDIT UNION $350,000 $245,000 -30.0% 0.2%
    AMERICAN FINANCIAL NETWORK, INC. $350,000 $240,000 -31.4% 0.2%
    First Federal Savings Bank $110,000 $240,000 118.2% 0.2%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $235,000 n/a 0.2%
    BMO Harris Bank $255,000 $230,000 -9.8% 0.2%
    AMERICAN FINANCIAL RESOURCES, INC. $225,000 n/a 0.2%
    Security Federal Savings Bank $215,000 n/a 0.1%
    First Bank of Berne $235,000 $205,000 -12.8% 0.1%
    ISERVE RESIDENTIAL LENDING, LLC $205,000 n/a 0.1%
    LAKE MICHIGAN CREDIT UNION $205,000 n/a 0.1%
    Paramount Residential Mortgage Group, Inc. $205,000 n/a 0.1%
    Plains Commerce Bank $75,000 $205,000 173.3% 0.1%
    Mid-Continent Funding, Inc. $195,000 n/a 0.1%
    The Park National Bank $195,000 n/a 0.1%
    American Mortgage & Equity Consultants, Inc. $875,000 $190,000 -78.3% 0.1%
    Elements Financial Federal Credit Union $55,000 $190,000 245.5% 0.1%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $185,000 n/a 0.1%
    Hometown Equity Mortgage, LLC $85,000 $185,000 117.6% 0.1%
    PLANET HOME LENDING, LLC $185,000 n/a 0.1%
    Sierra Pacific Mortgage Company, Inc. $165,000 n/a 0.1%
    SOUTHWEST FUNDING, LP $165,000 n/a 0.1%
    CALCON MUTUAL MORTGAGE LLC $155,000 n/a 0.1%
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION $570,000 $155,000 -72.8% 0.1%
    Solidarity Community Federal Credit Union $140,000 $155,000 10.7% 0.1%
    GENEVA FINANCIAL, LLC $310,000 $145,000 -53.2% 0.1%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $330,000 $145,000 -56.1% 0.1%
    Wells Fargo Bank $355,000 $145,000 -59.2% 0.1%
    SOUTH CAROLINA FEDERAL CREDIT UNION $135,000 n/a 0.1%
    MID AMERICA MORTGAGE, INC. $130,000 n/a 0.1%
    Community First Bank of Indiana $300,000 $125,000 -58.3% 0.1%
    EVANSVILLE TEACHERS $120,000 n/a 0.1%
    PARTNERS 1ST Federal Credit Union $215,000 $120,000 -44.2% 0.1%
    Figure Lending LLC $50,000 $115,000 130.0% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $115,000 n/a 0.1%
    The Peoples State Bank $115,000 n/a 0.1%
    Blue Ridge Bank $260,000 $105,000 -59.6% 0.1%
    The Farmers & Merchants State Bank $105,000 n/a 0.1%
    The Loan Store, Inc. $105,000 n/a 0.1%
    USAA Federal Savings Bank $105,000 n/a 0.1%
    First Option Mortgage, LLC $95,000 n/a 0.1%
    The Fountain Trust Company $95,000 n/a 0.1%
    DOMINION FINANCIAL SERVICES, LLC $85,000 n/a 0.1%
    Flagstar Bank, FSB $235,000 $85,000 -63.8% 0.1%
    Wolfe Financial, Inc $85,000 n/a 0.1%
    Park Lane Finance Solutions, LLC $85,000 $80,000 -5.9% 0.1%
    PENTAGON FEDERAL CREDIT UNION $75,000 n/a 0.1%
    First Federal Bank of the Midwest $65,000 n/a 0.0%
    PLAZA HOME MORTGAGE, INC. $370,000 $65,000 -82.4% 0.0%
    ProFed Federal Credit Union $385,000 $65,000 -83.1% 0.0%
    TOP FLITE FINANCIAL, INC. $230,000 $65,000 -71.7% 0.0%
    FINANCIAL BUILDERS Federal Credit Union $135,000 $60,000 -55.6% 0.0%
    SPRING EQ, LLC $235,000 $60,000 -74.5% 0.0%
    CRANE $55,000 n/a 0.0%
    LONGBRIDGE FINANCIAL, LLC $55,000 n/a 0.0%
    Madison County Federal Credit Union $25,000 $55,000 120.0% 0.0%
    Citizens State Bank of New Castle $65,000 $45,000 -30.8% 0.0%
    Toyota Financial Savings Bank $45,000 n/a 0.0%
    1st Source Bank $25,000 n/a 0.0%
    Notre Dame Federal Credit Union Corporation $25,000 n/a 0.0%
    FINANCIAL CENTER FIRST CREDIT UNION $15,000 n/a 0.0%

    Marion's top lender by overall market share is RUOFF MORTGAGE COMPANY, INC., with 20.3% market share. In second place, with 7.5%, is UNION HOME MORTGAGE CORP., having originated $11,225,000 in loans. In third place, with 5.3%, is STAR Financial Bank, having originated $7,840,000 in loans. In fourth place, with 5.2%, is QUICKEN LOANS, LLC, having originated $7,675,000 in loans. In fifth place, with 4.4%, is Mortgage Research Center, LLC, having originated $6,600,000 in loans.

    Marion Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Marion (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $69,900 (-12.1%) $98,661 (1.1%) 0.00 227
    2018-02-01 $69,900 (-11.4%) $99,080 (-1.2%) 0.00 230
    2018-03-01 $69,900 (-7.6%) $98,113 (-2.6%) 0.00 230
    2018-04-01 $69,900 (-6.7%) $97,691 (-3.5%) 0.00 238
    2018-05-01 $69,900 (-8.3%) $103,167 (1.3%) 0.00 251
    2018-06-01 $73,900 (-3.0%) $106,273 (5.7%) 0.00 246
    2018-07-01 $69,900 (-8.6%) $101,705 (-1.2%) 0.00 245
    2018-08-01 $73,450 (-5.8%) $100,099 (-6.6%) 0.00 266
    2018-09-01 $74,900 (-0.1%) $101,500 (-6.7%) 0.00 273
    2018-10-01 $74,925 (0.0%) $102,978 (-4.8%) 0.00 277
    2018-11-01 $72,600 (3.9%) $101,993 (0.3%) 0.00 266
    2018-12-01 $69,900 (3.6%) $100,719 (6.6%) 0.00 251
    2019-01-01 $67,575 (-3.3%) $96,974 (-1.7%) 0.00 246
    2019-02-01 $69,900 (0.0%) $97,787 (-1.3%) 0.00 239
    2019-03-01 $69,357 (-0.8%) $97,555 (-0.6%) 0.00 210
    2019-04-01 $69,457 (-0.6%) $101,529 (3.9%) 0.00 170
    2019-05-01 $61,200 (-12.5%) $100,118 (-3.0%) 0.00 157
    2019-06-01 $60,750 (-17.8%) $100,755 (-5.2%) 0.00 171
    2019-07-01 $74,200 (6.2%) $113,535 (11.6%) 0.00 188
    2019-08-01 $77,291 (5.2%) $117,174 (17.1%) 0.00 197
    2019-09-01 $88,377 (18.0%) $123,296 (21.5%) 0.00 199
    2019-10-01 $93,518 (24.8%) $125,728 (22.1%) 0.00 202
    2019-11-01 $91,100 (25.5%) $125,153 (22.7%) 0.00 217
    2019-12-01 $90,800 (29.9%) $125,367 (24.5%) 0.00 214
    2020-01-01 $83,270 (23.2%) $118,347 (22.0%) 0.00 206
    2020-02-01 $79,900 (14.3%) $115,818 (18.4%) 0.00 189
    2020-03-01 $79,350 (14.4%) $111,377 (14.2%) 0.00 189
    2020-04-01 $79,900 (15.0%) $114,457 (12.7%) 0.00 175
    2020-05-01 $79,900 (30.6%) $115,939 (15.8%) 0.00 149
    2020-06-01 $76,875 (26.5%) $116,491 (15.6%) 0.00 156
    2020-07-01 $78,125 (5.3%) $117,803 (3.8%) 0.00 157
    2020-08-01 $73,900 (-4.4%) $106,727 (-8.9%) 0.00 140
    2020-09-01 $70,950 (-19.7%) $103,860 (-15.8%) 0.00 136
    2020-10-01 $75,300 (-19.5%) $108,619 (-13.6%) 0.00 143
    2020-11-01 $75,375 (-17.3%) $108,905 (-13.0%) 0.00 144
    2020-12-01 $74,675 (-17.8%) $109,849 (-12.4%) 0.00 129
    2021-01-01 $79,000 (-5.1%) $110,068 (-7.0%) 0.00 112
    2021-02-01 $76,975 (-3.7%) $110,036 (-5.0%) 0.00 100
    2021-03-01 $66,300 (-16.5%) $99,808 (-10.4%) 0.00 71
    2021-04-01 $81,150 (1.6%) $100,623 (-12.1%) 0.00 52
    2021-05-01 $79,900 (0.0%) $105,505 (-9.0%) 0.00 53
    2021-06-01 $81,175 (5.6%) $102,478 (-12.0%) 0.00 51
    2021-07-01 $82,450 (5.5%) $105,159 (-10.7%) 0.00 60
    2021-08-01 $89,200 (20.7%) $119,875 (12.3%) 0.00 76
    2021-09-01 $89,350 (25.9%) $124,606 (20.0%) 0.00 82
    2021-10-01 $84,900 (12.8%) $120,783 (11.2%) 0.00 77
    2021-11-01 $77,925 (3.4%) $119,123 (9.4%) 0.00 84
    2021-12-01 $87,500 (17.2%) $125,363 (14.1%) 0.00 78
    2022-01-01 $82,854 (4.9%) $111,646 (1.4%) 0.00 66
    2022-02-01 $81,825 (6.3%) $112,824 (2.5%) 0.00 51
    2022-03-01 $72,900 (10.0%) $109,029 (9.2%) 0.00 53
    2022-04-01 $75,500 (-7.0%) $112,314 (11.6%) 0.00 55
    2022-05-01 $80,575 (0.8%) $127,536 (20.9%) 0.00 63
    2022-06-01 $82,450 (1.6%) $125,882 (22.8%) 0.00 72
    2022-07-01 $89,000 (7.9%) $133,278 (26.7%) 0.00 85
    2022-08-01 $97,625 (9.5%) $127,714 (6.5%) 0.00 93
    2022-09-01 $99,950 (11.9%) $141,525 (13.6%) 0.00 104
    2022-10-01 $99,900 (17.7%) $132,170 (9.4%) 0.00 104
    2022-11-01 $102,050 (31.0%) $140,254 (17.7%) 0.00 104
    2022-12-01 $104,900 (19.9%) $139,056 (10.9%) 0.00 106
    2023-01-01 $79,900 (-3.6%) $113,045 (1.3%) 0.00 91
    2023-02-01 $74,425 (-9.0%) $110,832 (-1.8%) 0.00 85
    2023-03-01 $77,400 (6.2%) $111,905 (2.6%) 0.00 75
    2023-04-01 $92,500 (22.5%) $141,349 (25.9%) 0.00 58
    2023-05-01 $99,900 (24.0%) $149,165 (17.0%) 0.00 62
    2023-06-01 $97,450 (18.2%) $155,425 (23.5%) 0.00 66
    2023-07-01 $99,900 (12.3%) $146,846 (10.2%) 0.00 63
    2023-08-01 $111,000 (13.7%) $141,945 (11.1%) 0.00 69
    2023-09-01 $115,950 (16.0%) $153,611 (8.5%) 0.00 74
    2023-10-01 $117,425 (17.5%) $162,596 (23.0%) 0.00 95
    2023-11-01 $131,175 (28.5%) $157,489 (12.3%) 0.00 111
    2023-12-01 $138,900 (32.4%) $159,027 (14.4%) 0.00 110
    2024-01-01 $147,500 (84.6%) $168,769 (49.3%) 0.00 105
    2024-02-01 $148,800 (99.9%) $171,245 (54.5%) 0.00 89
    2024-03-01 $144,450 (86.6%) $171,971 (53.7%) 0.00 81
    2024-04-01 $167,000 (80.5%) $211,497 (49.6%) 0.00 80
    2024-05-01 $147,450 (47.6%) $178,079 (19.4%) 0.00 93
    2024-06-01 $138,000 (41.6%) $163,776 (5.4%) 0.00 91
    2024-07-01 $149,925 (50.1%) $170,056 (15.8%) 0.00 104
    2024-08-01 $145,900 (31.4%) $167,763 (18.2%) 0.00 116
    2024-09-01 $158,750 (36.9%) $173,411 (12.9%) 0.00 126
    2024-10-01 $151,100 (28.7%) $166,233 (2.2%) 0.00 133
    2024-11-01 $144,500 (10.2%) $162,145 (3.0%) 0.00 129
    2024-12-01 $139,500 (0.4%) $155,693 (-2.1%) 0.00 120
    2025-01-01 $128,650 (-12.8%) $147,686 (-12.5%) 0.00 110
    2025-02-01 $124,900 (-16.1%) $144,143 (-15.8%) 0.00 103
    2025-03-01 $116,000 (-19.7%) $143,855 (-16.4%) 0.00 95
    2025-04-01 $134,900 (-19.2%) $161,666 (-23.6%) 0.00 92
    Marion's median listing price for 2025-04-01 was $134,900, a difference of $-32,100 (-19.2%) versus the prior year and $18,900 versus the prior month.

    Marion's median listing price comes in at 0% of the national average.

    Marion's average listing price for 2025-04-01 was $161,666, a difference of $-49,831 (-23.6%) versus the prior year and $17,811 versus the prior month.

    For the 2025-04-01 period, Marion had 92 MLS listings, a difference of -3 listings (-3%) versus the prior month and 12 listings (15%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Marion (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,561 sqft
    2018-02-01 0 days 1,550 sqft
    2018-03-01 0 days 1,486 sqft
    2018-04-01 0 days 1,420 sqft
    2018-05-01 0 days 1,387 sqft
    2018-06-01 0 days 1,442 sqft
    2018-07-01 0 days 1,411 sqft
    2018-08-01 0 days 1,434 sqft
    2018-09-01 0 days 1,442 sqft
    2018-10-01 0 days 1,472 sqft
    2018-11-01 0 days 1,464 sqft
    2018-12-01 0 days 1,458 sqft
    2019-01-01 0 days 1,478 sqft
    2019-02-01 0 days 1,489 sqft
    2019-03-01 0 days 1,507 sqft
    2019-04-01 0 days 1,569 sqft
    2019-05-01 0 days 1,488 sqft
    2019-06-01 0 days 1,442 sqft
    2019-07-01 0 days 1,528 sqft
    2019-08-01 0 days 1,504 sqft
    2019-09-01 0 days 1,539 sqft
    2019-10-01 0 days 1,555 sqft
    2019-11-01 0 days 1,566 sqft
    2019-12-01 0 days 1,568 sqft
    2020-01-01 0 days 1,558 sqft
    2020-02-01 0 days 1,501 sqft
    2020-03-01 0 days 1,475 sqft
    2020-04-01 0 days 1,458 sqft
    2020-05-01 0 days 1,492 sqft
    2020-06-01 0 days 1,463 sqft
    2020-07-01 0 days 1,527 sqft
    2020-08-01 0 days 1,440 sqft
    2020-09-01 0 days 1,422 sqft
    2020-10-01 0 days 1,456 sqft
    2020-11-01 0 days 1,447 sqft
    2020-12-01 0 days 1,483 sqft
    2021-01-01 0 days 1,492 sqft
    2021-02-01 0 days 1,451 sqft
    2021-03-01 0 days 1,398 sqft
    2021-04-01 0 days 1,461 sqft
    2021-05-01 0 days 1,488 sqft
    2021-06-01 0 days 1,420 sqft
    2021-07-01 0 days 1,490 sqft
    2021-08-01 0 days 1,547 sqft
    2021-09-01 0 days 1,494 sqft
    2021-10-01 0 days 1,427 sqft
    2021-11-01 0 days 1,432 sqft
    2021-12-01 0 days 1,443 sqft
    2022-01-01 0 days 1,424 sqft
    2022-02-01 0 days 1,434 sqft
    2022-03-01 0 days 1,387 sqft
    2022-04-01 0 days 1,498 sqft
    2022-05-01 0 days 1,562 sqft
    2022-06-01 0 days 1,542 sqft
    2022-07-01 0 days 1,532 sqft
    2022-08-01 0 days 1,558 sqft
    2022-09-01 0 days 1,562 sqft
    2022-10-01 0 days 1,549 sqft
    2022-11-01 0 days 1,619 sqft
    2022-12-01 0 days 1,517 sqft
    2023-01-01 0 days 1,454 sqft
    2023-02-01 0 days 1,441 sqft
    2023-03-01 0 days 1,478 sqft
    2023-04-01 0 days 1,500 sqft
    2023-05-01 0 days 1,450 sqft
    2023-06-01 0 days 1,505 sqft
    2023-07-01 0 days 1,500 sqft
    2023-08-01 0 days 1,408 sqft
    2023-09-01 0 days 1,366 sqft
    2023-10-01 0 days 1,428 sqft
    2023-11-01 0 days 1,515 sqft
    2023-12-01 0 days 1,529 sqft
    2024-01-01 0 days 1,518 sqft
    2024-02-01 0 days 1,655 sqft
    2024-03-01 0 days 1,762 sqft
    2024-04-01 0 days 1,509 sqft
    2024-05-01 0 days 1,498 sqft
    2024-06-01 0 days 1,497 sqft
    2024-07-01 0 days 1,536 sqft
    2024-08-01 0 days 1,489 sqft
    2024-09-01 0 days 1,555 sqft
    2024-10-01 0 days 1,512 sqft
    2024-11-01 0 days 1,544 sqft
    2024-12-01 0 days 1,483 sqft
    2025-01-01 0 days 1,454 sqft
    2025-02-01 0 days 1,377 sqft
    2025-03-01 0 days 1,445 sqft
    2025-04-01 0 days 1,575 sqft
    Marion's median listing age (time on market) for 2025-04-01 was 0 days.

    Marion's median square footage for active listings during the 2025-04-01 period was 1,575 sqft. One year prior, the average listing was 1,509 sqft.

    Marion, IN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 666 $101,110,000 $151,817
    Cash Out Refi 214 $23,640,000 $110,467
    Home Improvement 124 $7,160,000 $57,742
    Refi 90 $13,510,000 $150,111
    Other 64 $3,400,000 $53,125
    NA 1 $95,000 $95,000

    Marion's most frequently cited loan purpose was Home Purchase, with 666 originations. The 2nd most popular reason was Cash Out Refi, with 214 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 477 $75,155,000 $157,558
    7-8% 362 $44,850,000 $123,895
    Over 8% 199 $11,525,000 $57,915
    5-6% 79 $11,695,000 $148,038
    3-4% 16 $1,090,000 $68,125
    4-5% 7 $1,415,000 $202,143
    <2.5% 1 $5,000 $5,000
    2.5-3% 1 $185,000 $185,000

    During 2024, Marion's most frequently originated rate bucket was 6-7%, with 477 originations.

    Loan Sizing (Marion, IN MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 510 $26,800,000 $52,549
    $100k-200k 448 $62,670,000 $139,888
    $200k-400k 181 $47,095,000 $260,193
    $400k-600k 14 $6,220,000 $444,286
    $600k-1000k 3 $1,925,000 $641,667
    $Over $1MM 3 $4,205,000 $1,401,667

    Marion's loan sizing saw the bucket of loans from $100,000 or less with 510 originations, totaling $26,800,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 537 $88,555,000 $164,907
    60-80% 201 $29,305,000 $145,796
    20-40% 131 $8,155,000 $62,252
    Under 20% 121 $3,785,000 $31,281
    40-60% 76 $7,530,000 $99,079
    Over 100% 11 $3,635,000 $330,455

    Marion's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 537 originations, totaling $88,555,000 in origination value.