Home Insurance in Marion County, Indiana
With a median home value of $224,000, Marion County is close to the Indiana median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Marion County was built around 1973. About 33% of homes were built before 1960, about 2 points above Indiana's 31%.
The housing stock in Marion County is 67% single-family homes, 23% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
68% of owner-occupied homes in Marion County carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 9%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 57% of occupied homes in Marion County are owner-occupied.
56% of homes in Marion County are primarily heated with natural gas.
The top hazards for Marion County, per FEMA's National Risk Index, are tornado (Very High), strong wind (Very High) and inland flooding (Relatively High).
Marion County had 2,381 active National Flood Insurance Program policies as of September 2026. Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Indiana carries a statewide average premium of $1,259 per year.
Key figures
| Median home value | $224,000 |
|---|---|
| Median year built | 1973 |
| Owner-occupied share | 57% |
| Share of owner-occupied homes with a mortgage | 68% |
| Top hazards (FEMA National Risk Index) | Tornado (Very High), Strong Wind (Very High), Inland Flooding (Relatively High) |
| Active NFIP flood policies (county) | 2,381 |
| Home insurance premium | $1,259 - statewide average (NAIC, 2023 data) |
Towns and cities
- Beech Grove
- Clermont
- Crows Nest
- Homecroft
- Lawrence
- Meridian Hills
- North Crows Nest
- Rocky Ripple
- Southport
- Speedway
- Spring Hill
- Warren Park
- Williams Creek
- Wynnedale
Sources
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)