Marion County, Indiana: commercial real estate data.
Marion County, Indiana had an estimated 981,628 residents on July 1, 2024, up 0.5 percent since the 2020 census base of 977,206, across 396 square miles. County output reached $135.59 bn in 2024, 24,248 establishments operate here, and the SBA record carries 1,569 7(a) approvals worth $771.2 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Marion County
How many people live in Marion County
- Population, American Community Survey 2020-2024975,809
- Households400,432
- Average household size2.44
- Median household income$66,346
- Median age34.4
- Median gross rent$1,153 per month
- Median owner-occupied home value$224,000
- Home value to household income3.4 times
- Annual rent as a share of median income20.9 percent
- Adults 25 and over with a bachelor degree or higher34.8 percent
- Adults 25 and over with a graduate degree12.7 percent
- Adults 25 and over639,741
- Population under 18243,915
- Share under 1825.0 percent
- Population 65 and over128,452
- Share 65 and over13.2 percent
- Working age population, 18 to 64603,442
- Civilian labor force520,799
- Unemployment rate5.0 percent
- Labor force participation, adults 18 and over71.2 percent
- Rank by population among Indiana counties1st of 92
- Rank by population among US county-equivalents, Puerto Rico included54th of 3,222
Marion County is the 1st largest of 92 Indiana counties by population. A median home costs 3.4 times median household income, which is moderately unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 25.0 percent against 13.2 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Marion County
Is Marion County's population growing?
- Population, July 1, 2024981,628
- Census 2020 base population977,206
- Population change since the 2020 census base0.45 percent
- Population change, 2023 to 20245,974
- Births, 202414,466
- Deaths, 20248,408
- Natural change, 20246,058
- Net domestic migration, 2024-10,500
- Net international migration, 202410,450
- Total net migration, 2024-50
- Cumulative net domestic migration, 2021 to 2024-43,330
- Rank by growth among US county-equivalents1668th of 3,144
The county has grown 0.45 percent since the 2020 census base. Births exceeded deaths in 2024 by more than net migration took away, so the population grew even though more people left than moved in.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Marion County
Where are people moving to Marion County from?
- Tax returns filed by households arriving25,852
- People arriving, from those returns41,001
- Tax returns filed by households leaving30,092
- Net household movement-4,240
- Adjusted gross income arriving$1.50 bn
- Net adjusted gross income movement$-616.2 m
- Average income of an arriving household$57,962
- Average income of a leaving household$70,273
- Largest single originHamilton County (2,879 households)
- Largest single destinationHamilton County (4,193 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Hamilton County | 2,879 | 4,325 | $218.7 m |
| Johnson County | 2,253 | 3,740 | $116.0 m |
| Hendricks County | 2,039 | 3,215 | $101.8 m |
| Hancock County | 841 | 1,415 | $77.0 m |
| Morgan County | 569 | 931 | $27.8 m |
| Cook County | 551 | 849 | $40.3 m |
| Monroe County | 515 | 645 | $22.4 m |
| Boone County | 513 | 819 | $61.1 m |
Households arriving report $12,311 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Hamilton County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Marion County
What is the Marion County economy?
- County GDP, 2024$135.59 bn
- County GDP, 2023$128.43 bn
- GDP change, 2023 to 20245.6 percent
- GDP change over five years37.2 percent
- Rank by GDP among the Indiana areas BEA publishes1st of 92
- Rank by GDP among the US county areas BEA publishes38th of 3,127
- GDP per resident$138,954
Output grew 5.6 percent in the latest year and 37.2 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Marion County
Employment by industry in Marion County
- Covered employment, annual average625,533
- Establishments reporting28,522
- Average annual pay$76,163
- Average weekly wage$1,465
- Health care and social assistance, employment106,311
- Health care and social assistance, average annual pay$77,068
- Manufacturing, employment55,746
- Manufacturing, average annual pay$128,360
- Administrative and support and waste management services, employment53,314
- Administrative and support and waste management services, average annual pay$47,767
- Accommodation and food services, employment45,151
- Accommodation and food services, average annual pay$29,056
- Retail trade, employment44,900
- Professional, scientific and technical services, employment44,553
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 106,311 | 2,856 | $77,068 |
| Manufacturing | 55,746 | 970 | $128,360 |
| Administrative and support and waste management services | 53,314 | 2,102 | $47,767 |
| Accommodation and food services | 45,151 | 2,322 | $29,056 |
| Retail trade | 44,900 | 2,925 | $41,908 |
| Professional, scientific and technical services | 44,553 | 4,480 | $107,288 |
| Transportation and warehousing | 37,840 | 1,006 | $63,918 |
| Construction | 36,405 | 2,158 | $87,859 |
Health care and social assistance is the largest private sector at 106,311 jobs, 17.0 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Marion County
How many businesses are in Marion County?
- Establishments, all industries24,248
- Employment at those establishments544,147
- Annual payroll$37.96 bn
- Establishments per 1,000 residents24.8
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Marion County
Building permits in Marion County
- Housing units authorized by permit, 20241,906
- Declared construction value permitted$546.0 m
- Single family units authorized1,253
- Multifamily units authorized653
- Multifamily share of units34.3 percent
- Average declared value per unit$286,447
- Units authorized per 1,000 households4.8
Single-family homes are 65.7 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Marion County
SBA loans in Marion County (7(a) and 504)
- 7(a) approvals recorded1,569
- 7(a) gross approval dollars$771.2 m
- Average 7(a) approval$491,505
- Median 7(a) approval$150,000
- 10th percentile approval$25,000
- 90th percentile approval$1,390,200
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)15,952
- Jobs per approval10.2
- Distinct 7(a) lenders active105
- Distinct industries receiving approvals290
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer10.0 percent
- Loans on real estate terms157
- Loans on working capital terms, 120 months or shorter1,353
- Franchise loans195
- Franchise share of approvals12.4 percent
- Leading industry by approval countGeneral Freight Trucking, Long-Distance, Truckload (140)
- Most active lenderThe Huntington National Bank (650)
- 504 approvals recorded435
- 504 gross approval dollars$299.1 m
- Average 504 approval$687,595
- Median 504 approval$425,000
- Distinct CDCs active9
- 504 jobs per approval10.8
- 504 jobs per million dollars approved15.7
- Most active CDCPremier Capital Corporation (231)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$1.07 bn
The average approval of $491,505 sits well above the median of $150,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 10.0 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Marion County
SBA loan default and charge-off rates in Marion County
Do SBA loans in Marion County get paid back?
- Loans with a final outcome recorded341
- Paid in full314
- Charged off27
- Charge-off rate on resolved loans7.9 percent
- Status: Paid in full314
- Status: Exempt from disclosure976
- Status: Cancelled160
- Status: Charged off27
- Status: Committed, not yet disbursed92
| NAICS | Industry | Resolved loans | Charged off | Charge off rate |
|---|---|---|---|---|
| 484121 | General Freight Trucking, Long-Distance, Truckload | 44 | 5 | 11.4% |
Of the 341 loans that have reached a final outcome, 7.9 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong. Among industries with at least 30 resolved loans, General Freight Trucking, Long-Distance, Truckload carries the highest charge-off rate at 11.4 percent.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Marion County
SBA lending by place in Marion County
- Borrower cities with recorded lending16
- Indianapolis, approvals1,534
- Beech Grove, approvals14
- Indianpolis, approvals5
- Greenwood, approvals2
- Camby, approvals2
- Westfield, approvals2
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Indianapolis | 1,534 | $758,797,400 |
| Beech Grove | 14 | $3,573,800 |
| Indianpolis | 5 | $526,700 |
| Greenwood | 2 | $5,550,000 |
| Camby | 2 | $480,000 |
| Westfield | 2 | $350,000 |
| Ndinapolis | 1 | $530,000 |
| Cumberland | 1 | $350,000 |
| 8 other borrower cities | 8 | $1,012,800 |
Indianapolis accounts for 1,534 approvals against 14 in Beech Grove. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Marion County
How large is Marion County?
- Land area396 sq mi
- Rank by land area among Indiana counties47th of 92
- Width, east to west20.7 mi
- Height, north to south20.4 mi
- Geographies sharing a boundary7
- Residents per square mile of land2,464
- Establishments per square mile61.23
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Marion County
Flood risk in Marion County
- Communities in the county in the NFIP Community Status Book5
- Of those, participating in the NFIP5
- NFIP participation rate100.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 8
- Communities carrying a CRS class1
- Radon levels in Marion County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The EPA places Marion County in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. The best Community Rating System class among the county's communities is 8, which carries a flood insurance premium discount for policies written in that community. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Marion County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Marion County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-2024975,809
- Households400,432
- Average household size2.44
- Median household income$66,346
- Median age34.4
Common questions
Marion County questions, answered from the record.
How many people live in Marion County, Indiana?
The Census Bureau estimates 981,628 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 975,809, in 400,432 households, ranking 1st of 92 Indiana counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Marion County's population growing?
The population has grown 0.45 percent since the 2020 census base of 977,206, to 981,628 on July 1, 2024. In 2024 there were 14,466 births against 8,408 deaths, with net migration of -50. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Marion County?
$66,346. The median owner-occupied home is valued at $224,000, which is 3.4 times income, and median gross rent is $1,153 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Marion County?
24,248 establishments, employing 544,147 people with an annual payroll of $37.96 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Marion County?
Health care and social assistance is the largest private sector at 106,311 jobs, 17.0 percent of covered employment. Covered employment averages 625,533 jobs at an average annual pay of $76,163, or $1,465 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Marion County?
1,569 7(a) approvals totaling $771.2 m since FY2020, across 105 lenders, with a median approval of $150,000, plus 435 504 approvals worth $299.1 m since FY2010. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Marion County get paid back?
Of the 341 loans that have reached a final outcome, 314 were paid in full and 27 charged off, a charge-off rate of 7.9 percent. Loans still running are excluded, because they have not yet succeeded or failed.
How many building permits were issued in Marion County?
1,906 housing units were authorized by permit in 2024, with a declared construction value of $546.0 m. Multifamily was 34.3 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Marion County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Marion County come from?
The largest single origin is Hamilton County, with 2,879 households. Arriving households report an average income of $57,962 against $70,273 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Marion County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Marion County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Marion County
Cities and places in Marion.
15 Census places lie wholly or partly in Marion County. All 15 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Lawrence | city | 49,517 | None recorded | Wholly in this county |
| Beech Grove | city | 14,913 | 14 | Wholly in this county |
| Speedway | town | 13,968 | 1 | Wholly in this county |
| Cumberland | town | 6,267 | 1 | 25.2 percent here, 74.8 percent Hancock County |
| Southport | city | 1,975 | None recorded | Wholly in this county |
| Meridian Hills | town | 1,767 | None recorded | Wholly in this county |
| Warren Park | town | 1,599 | None recorded | Wholly in this county |
| Clermont | town | 1,468 | None recorded | Wholly in this county |
| Homecroft | town | 854 | None recorded | Wholly in this county |
| Rocky Ripple | town | 631 | None recorded | Wholly in this county |
| Williams Creek | town | 417 | None recorded | Wholly in this county |
| Wynnedale | town | 210 | None recorded | Wholly in this county |
| Crows Nest | town | 109 | None recorded | Wholly in this county |
| North Crows Nest | town | 75 | None recorded | Wholly in this county |
| Spring Hill | town | 74 | None recorded | Wholly in this county |
A further 1,553 of the county's 1,569 SBA 7(a) approvals are to borrowers in cities that match no Census place in Marion County, the largest being Indianapolis (1,534), Indianpolis (5), Greenwood (2). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.
Nearby