Marion County, Indiana: commercial real estate data.
Marion County, Indiana has a population of 975,809 across 396 square miles, up 0.5 percent since the 2020 census base. 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.
123 sourced county values · tier FULL · 11 sections
Marion County
How many people live in Marion County
- Population975,809
- 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-equivalents54th
Marion County is the 1st largest of 92 Indiana counties by population. A median home costs 3.4 times median household income, which is an affordable ownership market 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 growing
- Population change since the 2020 census base0.45 percent
- Census 2020 base population977,206
- 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
The county has grown 0.45 percent since the 2020 census base. Births exceeded deaths in 2024 but more people left than arrived, so the population is being sustained internally rather than attracting.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Marion County
Where people moving to Marion County come from
- Tax returns filed by households arriving25,852
- People arriving, from those returns41,001
- Adjusted gross income arriving$1.50 bn
- Net adjusted gross income movement$0
- Average income of an arriving household$57,962
- Largest single originMarion County Non-migrants (364,286 households)
- Largest single destination (364,286 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Marion County Non-migrants | 364,286 | 696,043 | $26.82 bn |
| Other flows - Different State | 4,277 | 7,123 | $224.4 m |
| 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 |
| Other flows - South | 1,965 | 3,424 | $93.5 m |
| Other flows - Midwest | 1,197 | 1,905 | $58.3 m |
| Hancock County | 841 | 1,415 | $77.0 m |
The largest single source of arrivals is Marion County Non-migrants, 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 the Marion County economy runs on
- 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 Indiana counties1st
- Rank by GDP among US county-equivalents38th
- 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
Who employs people in Marion County
- Covered employment, annual average625,533
- Establishments reporting28,522
- Average annual pay$76,163
- Average weekly wage$1,465
- Sector 62, employment106,311
- Sector 62, average annual pay$77,068
- Sector 31-33, employment55,746
- Sector 31-33, average annual pay$128,360
- Sector 56, employment53,314
- Sector 56, average annual pay$47,767
- Sector 72, employment45,151
- Sector 72, average annual pay$29,056
- Sector 44-45, employment44,900
- Sector 54, employment44,553
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 106,311 | 2,856 | $77,068 |
| Sector 31-33 | 55,746 | 970 | $128,360 |
| Sector 56 | 53,314 | 2,102 | $47,767 |
| Sector 72 | 45,151 | 2,322 | $29,056 |
| Sector 44-45 | 44,900 | 2,925 | $41,908 |
| Sector 54 | 44,553 | 4,480 | $107,288 |
| Sector 48-49 | 37,840 | 1,006 | $63,918 |
| Sector 23 | 36,405 | 2,158 | $87,859 |
The largest sector is the biggest private employer group at 106,311 jobs, 17.0 percent of covered employment. Average pay per job exceeds median household income, which usually means single earner households and a wage base that can carry rent.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Marion County
What businesses operate 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.
US Census Bureau, County Business Patterns, 2023.
Marion County
What is being built in Marion County
- Housing units authorised by permit, 20241,906
- Declared construction value permitted$546.0 m
- Single family units authorised1,253
- Multifamily units authorised653
- Multifamily share of units34.3 percent
- Average declared value per unit$286,447
- Units authorised per 1,000 households4.8
Multifamily is 34.3 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Marion County
How much SBA lending happens in Marion County
- 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$1,435,000
- 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)
- 7(a) share of SBA approvals78.3 percent
- Combined SBA approval dollars$1.07 bn
The average approval of $491,505 sits well above the median of $150,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually 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
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% |
| 722511 | Full-Service Restaurants | 14 | 0 | 0.0% |
| 561720 | Janitorial Services | 11 | 1 | 9.1% |
| 484110 | General Freight Trucking, Local | 10 | 2 | 20.0% |
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 ten resolved loans, General Freight Trucking, Local carries the highest charge off rate at 20.0 percent.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Marion County
Which parts of Marion County get the lending
- Places in the county with recorded lending16
- INDIANAPOLIS, approvals1,534
- Beech Grove, approvals14
- Indianpolis, approvals5
- Camby, approvals2
- Greenwood, approvals2
- Westfield, approvals2
| Place | Approvals | Gross approval dollars |
|---|---|---|
| INDIANAPOLIS | 1,534 | $758,797,400 |
| Beech Grove | 14 | $3,573,800 |
| Indianpolis | 5 | $526,700 |
| Camby | 2 | $480,000 |
| Greenwood | 2 | $5,550,000 |
| Westfield | 2 | $350,000 |
| Ndinapolis | 1 | $530,000 |
| CARMEL | 1 | $150,000 |
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 big 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.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
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.
- Population975,809
- 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?
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 growing?
The population has grown 0.45 percent since the 2020 census base. 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 there 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 the average wage in Marion County?
Average annual pay is $76,163, or $1,465 a week, across 625,533 covered jobs. 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 totalling $771.2 m since FY2020, across 105 lenders, with a median approval of $150,000, plus 435 504 approvals worth $299.1 m. 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.
What is being built in Marion County?
1,906 housing units were authorised 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 Marion County Non-migrants, with 364,286 households. Arriving households report an average income of $57,962 against null 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.