Indiana — Rental Investment Markets
All Indiana metros ranked by cap rate. Median cap rate: 3.9%, median home price: $232,915.
Median Cap Rate
3.9%
Median Home Price
$232,915
Median Rent
$1,330/mo
| # | City | Cap Rate | Cash Flow | Home Price | Rent (3BR) | Verdict |
|---|---|---|---|---|---|---|
| 1 | Gary, IN | 13.6% | +$523/mo | $91,197 | $1,390/mo | 🟢 STRONG |
| 2 | Lake Village, IN | 8.7% | -$141/mo | $204,166 | $1,505/mo | 🟢 STRONG |
| 3 | Hammond, IN | 7.1% | +$108/mo | $168,350 | $1,555/mo | 🟢 GOOD |
| 4 | Elwood, IN | 6.9% | +$67/mo | $154,261 | $1,350/mo | 🟢 GOOD |
| 5 | Ambia, IN | 6.9% | +$60/mo | $137,062 | $1,200/mo | 🟢 GOOD |
| 6 | Rosedale, IN | 6.4% | +$0/mo | $181,361 | $1,490/mo | 🟢 GOOD |
| 7 | Anderson, IN | 6.3% | -$18/mo | $186,313 | $1,530/mo | 🟢 GOOD |
| 8 | Muncie, IN | 6.3% | -$18/mo | $192,501 | $1,240/mo | 🟢 GOOD |
| 9 | Russellville, IN | 6.2% | -$33/mo | $198,420 | $1,590/mo | 🟢 GOOD |
| 10 | Cayuga, IN | 6.1% | -$100/mo | $163,868 | $1,225/mo | 🟢 GOOD |
| 11 | Alexandria, IN | 6.1% | -$50/mo | $181,438 | $1,430/mo | 🟢 GOOD |
| 12 | Farmersburg, IN | 6.1% | -$42/mo | $154,708 | $1,220/mo | 🟢 GOOD |
| 13 | Fairmount, IN | 6.1% | -$35/mo | $169,504 | $1,350/mo | 🟢 GOOD |
| 14 | Brook, IN | 5.9% | -$68/mo | $171,855 | $1,330/mo | 🟡 MODERATE |
| 15 | Jasonville, IN | 5.8% | -$68/mo | $140,221 | $1,070/mo | 🟡 MODERATE |
| 16 | Hardinsburg, IN | 5.8% | -$92/mo | $204,659 | $1,570/mo | 🟡 MODERATE |
| 17 | Lowell, IN | 5.7% | -$271/mo | $259,320 | $1,800/mo | 🟡 MODERATE |
| 18 | Indianapolis, IN | 5.6% | -$206/mo | $258,753 | $1,760/mo | 🟡 MODERATE |
| 19 | Boswell, IN | 5.5% | -$120/mo | $163,840 | $1,200/mo | 🟡 MODERATE |
| 20 | Connersville, IN | 5.5% | -$125/mo | $160,895 | $1,170/mo | 🟡 MODERATE |
| 21 | La Crosse, IN | 5.4% | -$171/mo | $207,899 | $1,500/mo | 🟡 MODERATE |
| 22 | Terre Haute, IN | 5.3% | -$139/mo | $177,302 | $1,160/mo | 🟡 MODERATE |
| 23 | Summitville, IN | 5.3% | -$170/mo | $187,008 | $1,330/mo | 🟡 MODERATE |
| 24 | South Bend, IN | 5.3% | -$155/mo | $177,628 | $1,270/mo | 🟡 MODERATE |
| 25 | Kokomo, IN | 5.2% | -$187/mo | $182,320 | $1,270/mo | 🟡 MODERATE |
| 26 | Parke County, IN | 5.1% | -$266/mo | $206,337 | $1,460/mo | 🟡 MODERATE |
| 27 | Lawrence, IN | 5.0% | -$366/mo | $319,538 | $2,180/mo | 🟡 MODERATE |
| 28 | Evansville, IN | 5.0% | -$264/mo | $220,246 | $1,415/mo | 🟡 MODERATE |
| 29 | Carbon, IN | 5.0% | -$219/mo | $187,054 | $1,270/mo | 🟡 MODERATE |
| 30 | Poland, IN | 4.9% | -$240/mo | $199,945 | $1,350/mo | 🟡 MODERATE |
| 31 | Liberty, IN | 4.8% | -$246/mo | $192,301 | $1,280/mo | 🟡 MODERATE |
| 32 | Goodland, IN | 4.8% | -$208/mo | $162,239 | $1,080/mo | 🟡 MODERATE |
| 33 | Wolcott, IN | 4.7% | -$313/mo | $221,736 | $1,440/mo | 🟡 MODERATE |
| 34 | Corydon, IN | 4.6% | -$383/mo | $234,474 | $1,460/mo | 🟡 MODERATE |
| 35 | Poseyville, IN | 4.6% | -$305/mo | $190,607 | $1,195/mo | 🟡 MODERATE |
| 36 | Louisville, IN | 4.5% | -$366/mo | $234,373 | $1,480/mo | 🟡 MODERATE |
| 37 | Attica, IN | 4.4% | -$310/mo | $192,009 | $1,200/mo | 🟡 MODERATE |
| 38 | Patriot, IN | 4.4% | -$358/mo | $213,694 | $1,320/mo | 🟡 MODERATE |
| 39 | Clay City, IN | 4.4% | -$288/mo | $175,326 | $1,090/mo | 🟡 MODERATE |
| 40 | Greencastle, IN | 4.3% | -$415/mo | $241,643 | $1,480/mo | 🟡 MODERATE |
| 41 | Columbus, IN | 4.3% | -$467/mo | $270,071 | $1,650/mo | 🟡 MODERATE |
| 42 | Pimento, IN | 4.3% | -$334/mo | $194,289 | $1,190/mo | 🟡 MODERATE |
| 43 | Brazil, IN | 4.3% | -$332/mo | $187,964 | $1,140/mo | 🟡 MODERATE |
| 44 | Paragon, IN | 4.3% | -$470/mo | $266,907 | $1,620/mo | 🟡 MODERATE |
| 45 | Frankfort, IN | 4.2% | -$392/mo | $211,447 | $1,260/mo | 🟡 MODERATE |
| 46 | Mishawaka, IN | 4.2% | -$376/mo | $210,434 | $1,270/mo | 🟡 MODERATE |
| 47 | Wanatah, IN | 4.2% | -$507/mo | $277,235 | $1,660/mo | 🟡 MODERATE |
| 48 | Seymour, IN | 4.2% | -$422/mo | $232,915 | $1,400/mo | 🟡 MODERATE |
| 49 | Gaston, IN | 4.2% | -$358/mo | $201,636 | $1,220/mo | 🟡 MODERATE |
| 50 | Cloverdale, IN | 4.2% | -$467/mo | $255,412 | $1,530/mo | 🟡 MODERATE |
| 51 | Rensselaer, IN | 4.1% | -$469/mo | $244,779 | $1,440/mo | 🟡 MODERATE |
| 52 | Fort Wayne, IN | 4.1% | -$486/mo | $246,016 | $1,390/mo | 🟡 MODERATE |
| 53 | Gosport, IN | 4.0% | -$484/mo | $244,548 | $1,420/mo | 🟡 MODERATE |
| 54 | Elkhart, IN | 4.0% | -$486/mo | $240,690 | $1,310/mo | 🟡 MODERATE |
| 55 | Fowler, IN | 4.0% | -$408/mo | $206,605 | $1,200/mo | 🟡 MODERATE |
| 56 | Bath, IN | 4.0% | -$447/mo | $215,989 | $1,230/mo | 🟡 MODERATE |
| 57 | Waldron, IN | 4.0% | -$487/mo | $243,809 | $1,410/mo | 🟡 MODERATE |
| 58 | Edinburgh, IN | 3.9% | -$468/mo | $227,683 | $1,300/mo | 🔴 WEAK |
| 59 | Coatesville, IN | 3.9% | -$672/mo | $323,584 | $1,840/mo | 🔴 WEAK |
| 60 | Palmyra, IN | 3.9% | -$483/mo | $233,537 | $1,330/mo | 🔴 WEAK |
| 61 | Markleville, IN | 3.9% | -$579/mo | $280,579 | $1,600/mo | 🔴 WEAK |
| 62 | Fredericksburg, IN | 3.8% | -$487/mo | $229,202 | $1,290/mo | 🔴 WEAK |
| 63 | Depauw, IN | 3.8% | -$478/mo | $224,302 | $1,260/mo | 🔴 WEAK |
| 64 | Michigan City, IN | 3.8% | -$501/mo | $231,343 | $1,290/mo | 🔴 WEAK |
| 65 | Otterbein, IN | 3.8% | -$472/mo | $216,015 | $1,200/mo | 🔴 WEAK |
| 66 | Remington, IN | 3.8% | -$482/mo | $228,522 | $1,290/mo | 🔴 WEAK |
| 67 | Spencer, IN | 3.8% | -$532/mo | $251,730 | $1,420/mo | 🔴 WEAK |
| 68 | Greenwood, IN | 3.8% | -$692/mo | $326,047 | $1,835/mo | 🔴 WEAK |
| 69 | Greensburg, IN | 3.8% | -$580/mo | $263,712 | $1,460/mo | 🔴 WEAK |
| 70 | Walkerton, IN | 3.7% | -$516/mo | $229,881 | $1,260/mo | 🔴 WEAK |
| 71 | Galveston, IN | 3.7% | -$461/mo | $207,059 | $1,140/mo | 🔴 WEAK |
| 72 | Noblesville, IN | 3.7% | -$793/mo | $358,654 | $1,980/mo | 🔴 WEAK |
| 73 | Middletown, IN | 3.7% | -$546/mo | $241,646 | $1,320/mo | 🔴 WEAK |
| 74 | Earl Park, IN | 3.7% | -$427/mo | $189,859 | $1,040/mo | 🔴 WEAK |
| 75 | Washington County, IN | 3.6% | -$605/mo | $251,586 | $1,330/mo | 🔴 WEAK |
| 76 | Russiaville, IN | 3.6% | -$606/mo | $265,155 | $1,440/mo | 🔴 WEAK |
| 77 | New Pekin, IN | 3.6% | -$537/mo | $234,246 | $1,270/mo | 🔴 WEAK |
| 78 | Center Point, IN | 3.6% | -$490/mo | $209,018 | $1,120/mo | 🔴 WEAK |
| 79 | Flora, IN | 3.6% | -$465/mo | $204,128 | $1,110/mo | 🔴 WEAK |
| 80 | Delphi, IN | 3.5% | -$550/mo | $227,570 | $1,200/mo | 🔴 WEAK |
| 81 | Coal City, IN | 3.5% | -$499/mo | $206,635 | $1,090/mo | 🔴 WEAK |
| 82 | Waveland, IN | 3.5% | -$530/mo | $218,571 | $1,150/mo | 🔴 WEAK |
| 83 | Rockville, IN | 3.4% | -$580/mo | $234,509 | $1,220/mo | 🔴 WEAK |
| 84 | Lewis, IN | 3.4% | -$523/mo | $211,431 | $1,100/mo | 🔴 WEAK |
| 85 | Goshen, IN | 3.4% | -$725/mo | $284,674 | $1,455/mo | 🔴 WEAK |
| 86 | Quincy, IN | 3.4% | -$679/mo | $273,585 | $1,420/mo | 🔴 WEAK |
| 87 | Bowling Green, IN | 3.4% | -$579/mo | $231,962 | $1,200/mo | 🔴 WEAK |
| 88 | Pine Village, IN | 3.3% | -$614/mo | $239,496 | $1,220/mo | 🔴 WEAK |
| 89 | Martinsville, IN | 3.2% | -$767/mo | $290,181 | $1,450/mo | 🔴 WEAK |
| 90 | Brookville, IN | 3.2% | -$724/mo | $267,996 | $1,320/mo | 🔴 WEAK |
| 91 | Covington, IN | 3.2% | -$606/mo | $227,350 | $1,130/mo | 🔴 WEAK |
| 92 | Pendleton, IN | 3.2% | -$889/mo | $338,841 | $1,700/mo | 🔴 WEAK |
| 93 | Henryville, IN | 3.1% | -$898/mo | $324,241 | $1,570/mo | 🔴 WEAK |
| 94 | North Salem, IN | 3.0% | -$998/mo | $351,258 | $1,670/mo | 🔴 WEAK |
| 95 | Bloomington, IN | 3.0% | -$879/mo | $314,233 | $1,510/mo | 🔴 WEAK |
| 96 | Valparaiso, IN | 3.0% | -$982/mo | $346,438 | $1,650/mo | 🔴 WEAK |
| 97 | DeMotte, IN | 3.0% | -$863/mo | $306,902 | $1,470/mo | 🔴 WEAK |
| 98 | Lafayette, IN | 3.0% | -$774/mo | $263,237 | $1,220/mo | 🔴 WEAK |
| 99 | Osceola, IN | 3.0% | -$817/mo | $289,077 | $1,380/mo | 🔴 WEAK |
| 100 | Nappanee, IN | 3.0% | -$846/mo | $295,859 | $1,400/mo | 🔴 WEAK |
| 101 | North Liberty, IN | 2.9% | -$767/mo | $267,122 | $1,260/mo | 🔴 WEAK |
| 102 | New Carlisle, IN | 2.8% | -$825/mo | $275,744 | $1,260/mo | 🔴 WEAK |
| 103 | Franklin County, IN | 2.8% | -$942/mo | $312,049 | $1,415/mo | 🔴 WEAK |
| 104 | Nashville, IN | 2.8% | -$1,004/mo | $338,818 | $1,560/mo | 🔴 WEAK |
| 105 | Reelsville, IN | 2.7% | -$916/mo | $296,610 | $1,320/mo | 🔴 WEAK |
| 106 | Granger, IN | 2.6% | -$1,298/mo | $415,307 | $1,830/mo | 🔴 WEAK |
| 107 | Carmel, IN | 2.6% | -$1,872/mo | $578,680 | $2,370/mo | 🔴 WEAK |
| 108 | Westville, IN | 2.5% | -$1,122/mo | $345,374 | $1,470/mo | 🔴 WEAK |
| 109 | Fishers, IN | 2.5% | -$1,586/mo | $489,104 | $2,070/mo | 🔴 WEAK |
| 110 | Unionville, IN | 2.3% | -$1,252/mo | $368,326 | $1,500/mo | 🔴 WEAK |
| 111 | Hebron, IN | 2.2% | -$1,148/mo | $327,248 | $1,290/mo | 🔴 WEAK |
| 112 | Fair Oaks, IN | 2.2% | -$1,228/mo | $353,792 | $1,410/mo | 🔴 WEAK |
| 113 | Wakarusa, IN | 2.2% | -$1,085/mo | $314,278 | $1,260/mo | 🔴 WEAK |
| 114 | West Harrison, IN | 2.1% | -$1,328/mo | $372,239 | $1,440/mo | 🔴 WEAK |
| 115 | Sunman, IN | 2.1% | -$1,230/mo | $343,179 | $1,320/mo | 🔴 WEAK |
| 116 | Battle Ground, IN | 2.0% | -$1,208/mo | $332,536 | $1,260/mo | 🔴 WEAK |
| 117 | West Lafayette, IN | 1.8% | -$1,382/mo | $365,632 | $1,320/mo | 🔴 POOR |