c.1905 Five Bedroom Indiana Painted Lady $89K
OHU50K Notes $89,000
c.1905 Five Bedroom Indiana Painted Lady. What a stunner! Eye catching from inside and out.
Realtor Comments
Welcome home to this LOVELY Victorian style home full of originality and space galore! You can feel the love as you step into every room full of timeless rustic charm down to the last detail. This gem sits on 3 levels with 5 bedrooms, 1.5 baths, a full basement and a fully privacy fenced in backyard! It comes fully equipped with all appliances, off street parking space and a utility shed! Enjoy relaxing or entertaining on your covered front porch or back patio deck. Recent updates include water heater and furnace just 4 years old and roof is 8 years old. This home is located in the heart of Marion and sellers report their neighbors are GREAT. Sellers are motivated and priced property under value to SELL FAST. Dont miss this phenomenal opportunity to call it yours! Home being sold AS IS. Cash or conventional financing only.
- 5 bed
- 1.5 bath
- Build date 1905
737 W 5th St, Marion, IN 46953 $89,000
- Contact Realtor: Darla Chew
- Google Map
- Niche
Family History
Sat, Dec 17, 1932 ·Page 9
Pros of Living in Marion, IN
1. Very Affordable Living
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The cost of living is about 20–23% lower than the national average and 11% below Indiana’s average, making it highly budget-friendly.
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Median home price is around $69,800–$83,200, drastically lower than state and national benchmarks. Rent for a two-bedroom starts around $685–$760/month.
2. Strong Housing Market
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Housing earns a solid B grade; the home-price-to-income ratio is favorable (around 2× average), and there’s decent appreciation potential.
3. Community and Cultural Energy
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Residents highlight a vibrant downtown, community events, and spots like the Garden of Matter Park and the Walkway of Lights. Indiana Wesleyan University adds cultural and academic energy.
4. Good Livability Score
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Marion rates above average for livability, thanks to affordability, education infrastructure, and community pride.
Cons of Living in Marion, IN
1. Elevated Poverty & Economic Struggles
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Marion has a poverty rate around 28%, nearly double the national average; median household income is only about $35K, roughly 48% below the U.S. median.
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Unemployment hovers near 9.6%, twice the national rate; only 16% hold a bachelor’s degree.
2. Higher Crime Rates
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The crime rate is notably high: Marion ranks worse than 90% of Indiana cities, with a 1 in 46 chance of property crime and 1 in 551 for violent crime.
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According to AreaVibes, overall crime is 25% above the state average.
3. Poor Performance in Amenities & Schools
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Marion scores poorly on amenities (F), employment (F), health & safety (F), and schools (F) per AreaVibes.
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Public schools and educational attainment are notably weak: high school graduation rate is ~74%, with low test scores (~37%).
4. Population Decline & Economic Shifts
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The population is small (~28,000) and facing decline. The local economy, once anchored in manufacturing, has suffered from industrial closures in recent decades.
5. Mixed Resident Sentiment
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Candid comments from residents reflect both pride and criticism:
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Phrases like “Little Detroit,” “depressing AF,” and criticisms of drug issues, sewage odors, and infrastructure decay appear in multiple discussions.
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That said, others value the tight-knit feel, affordability, and Midwest authenticity.
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