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Best Places to Invest in Indiana Real Estate

289 Indiana markets ranked from our sold history and per-listing investment modeling. Tap a city for its cap rate, cash flow and price detail — then sign up to see the actual cash-flowing listings.

CityMedian priceCap rateCash flow/mo Appreciation YoYSold (12mo)
Indianapolis city (balance) $235,000 4.5% $-377 -2.9% 6,888
Fort Wayne $234,645 4.7% $-324 +2.9% 3,661
Evansville $200,000 4.4% $-324 +3.7% 2,303
South Bend $204,000 4.3% $-388 +5.3% 1,849
Fishers $420,000 3.7% $-942 +3.0% 1,722
Westfield $484,995 3.2% $-1,294 +3.8% 1,579
Noblesville $400,000 3.3% $-1,078 +1.2% 1,520
Carmel $589,900 2.8% $-1,708 +3.4% 1,499
Lafayette $270,000 4.1% $-515 +4.3% 1,223
Anderson $168,500 5.8% $-64 -4.8% 988
Kokomo $169,000 5.0% $-184 +0.8% 974
Elkhart $227,000 4.1% $-450 +5.3% 973
Valparaiso $375,000 3.1% $-1,090 +2.3% 959
Columbus $275,763 3.5% $-667 -0.3% 944
Muncie $152,700 5.8% $-67 +4.4% 940
Jeffersonville $265,000 3.8% $-593 +1.2% 906
Terre Haute $176,500 4.8% $-222 +41.0% 801
Avon $355,000 3.8% $-823 +3.2% 798
Crown Point $325,000 3.7% $-804 +0.8% 758
Gary $119,000 9.2% $304 +6.5% 755
Richmond $144,700 5.0% $-181 +4.8% 746
Brownsburg $356,750 3.9% $-733 +3.0% 696
New Albany $250,000 3.8% $-520 +0.7% 696
Mishawaka $217,000 5.1% $-231 +5.8% 647
Hammond $197,900 5.9% $-71 +0.8% 643
Greenfield $290,000 4.4% $-460 -3.1% 610
Newburgh $338,423 3.9% $-754 +2.8% 604
West Lafayette $383,500 3.1% $-1,057 +0.3% 586
Plainfield $345,000 3.8% $-776 -0.3% 583
Portage $288,150 4.3% $-506 +5.0% 522
Zionsville $725,000 1.7% $-2,862 +4.8% 522
La Porte $245,000 3.6% $-638 +3.2% 505
Granger $403,250 3.6% $-943 +4.5% 492
Franklin $300,000 4.0% $-664 +0.9% 491
Whitestown $370,000 4.3% $-636 +1.2% 491
Schererville $345,000 4.4% $-516 +3.4% 483
Goshen $272,500 2.8% $-864 +0.7% 467
Marion $150,000 7.5% $110 +6.8% 463
St. John $445,000 3.7% $-907 +3.2% 459
Warsaw $275,000 3.1% $-858 +3.4% 447
Lowell $340,000 3.8% $-740 +8.3% 440
Hobart $249,995 4.3% $-452 +2.6% 428
Merrillville $260,000 4.7% $-382 -2.0% 419
Huntertown $359,900 4.2% $-657 +2.5% 415
McCordsville $415,000 4.0% $-799 +0.6% 407
Crawfordsville $226,000 3.5% $-548 -0.4% 403
Shelbyville $240,900 4.4% $-406 +3.0% 395
Highland $270,000 4.1% $-513 +4.2% 392
Michigan City $217,250 3.3% $-693 +6.5% 388
Bedford $221,000 3.9% $-467 +1.7% 387
Danville $357,500 4.2% $-632 +3.3% 371
New Castle $162,000 4.3% $-292 -5.3% 353
Charlestown $303,850 3.2% $-795 +6.1% 350
Huntington $182,500 4.2% $-344 +6.2% 348
Greenwood $265,000 4.7% $-335 -0.9% 340
Seymour $220,000 3.5% $-629 -2.1% 339
Lebanon $290,000 3.7% $-718 +1.4% 327
Chesterton $364,900 2.5% $-1,361 -7.6% 325
Munster $362,700 4.5% $-539 +3.1% 314
New Haven $250,588 4.9% $-323 +2.0% 308
Cedar Lake $320,000 3.7% $-897 +0.5% 304
Logansport $159,000 4.3% $-311 -1.0% 299
Columbia City $242,500 3.3% $-729 -0.3% 296
Auburn $275,000 2.3% $-921 +9.7% 295
Dyer $326,000 3.2% $-934 +0.0% 282
Pendleton $335,900 3.7% $-744 +5.6% 272
Sellersburg $290,450 3.8% $-541 -1.5% 260
Mooresville $307,750 3.9% $-647 -2.0% 258
Fortville $350,000 4.0% $-718 -1.9% 257
Monticello $274,950 2.9% $-830 +4.9% 256
Frankfort $215,000 3.7% $-444 +10.6% 251
Winfield $415,706 3.7% $-947 +0.0% 248
Madison $245,000 2.8% $-828 -3.5% 235
New Palestine $390,000 2.5% $-1,131 -3.7% 230
Connersville $135,000 4.3% $-268 -1.9% 227
Angola $269,900 2.7% $-953 +0.6% 219
Peru $163,000 5.5% $-100 +6.0% 218
Vincennes $165,000 4.7% $-207 +3.8% 217
Plymouth $250,000 3.4% $-737 +5.7% 210
Yorktown $260,000 3.8% $-588 +1.9% 209
Ellettsville $321,450 3.8% $-724 +5.8% 206
Beech Grove $199,450 4.6% $-298 +3.8% 198
Osceola $303,000 2.7% $-1,060 +7.0% 196
Elwood $165,000 5.7% $-82 +9.6% 192
Griffith $260,000 4.7% $-343 +2.6% 187
Boonville $205,000 3.6% $-597 +9.6% 183
Georgetown $335,500 2.0% $-1,242 +0.6% 182
Greensburg $230,000 4.9% $-280 +12.9% 180
Brazil $195,000 3.4% $-559 +19.4% 177
Greencastle $222,500 3.4% $-640 +11.2% 177
Corydon $259,991 3.4% $-696 -0.7% 174
Kendallville $200,000 3.4% $-577 +1.1% 173
Syracuse $381,250 1.2% $-1,502 +9.3% 172
Scottsburg $223,950 3.5% $-389 +7.5% 168
Washington $189,000 5.0% $-216 +9.6% 165
Decatur $197,450 2.7% $-701 +7.1% 160
Sheridan $318,733 2.9% $-935 +9.5% 158
Princeton $180,000 5.3% $-163 +2.0% 158
North Vernon $216,500 3.4% $-604 +0.0% 154
Rochester $199,000 2.7% $-802 +0.8% 153
Nashville $325,000 3.0% $-1,050 +9.5% 149
Lake Station $185,000 5.8% $-38 -5.7% 148
Salem $199,900 2.4% $-739 +3.8% 147
Bristol $337,500 1.4% $-1,765 +0.3% 146
Indianapolis $319,900 5.0% $-385 -3.3% 143
Memphis $290,000 5.0% $-326 -1.7% 141
East Chicago $155,000 7.7% $172 -4.3% 136
Heritage Lake $300,000 3.0% $-923 +1.0% 134
Spencer $247,500 2.3% $-1,003 +6.2% 134
Hartford City $134,900 4.3% $-287 -3.0% 133
Mitchell $174,500 4.5% $-286 +0.4% 130
Rushville $176,300 4.0% $-395 -5.4% 127
Wabash $154,000 4.1% $-296 +10.9% 127
Pittsboro $364,450 3.0% $-1,067 +6.3% 124
Fremont $240,000 2.6% $-1,063 -1.2% 123
Knox $225,000 2.7% $-821 +8.3% 123
Hebron $315,490 1.8% $-1,692 -5.0% 122
Rensselaer $224,950 3.0% $-629 +10.8% 122
Clarksville $269,400 3.7% $-592 -1.3% 121
Cumberland $300,000 3.7% $-768 -2.0% 121
Floyds Knobs $409,950 2.6% $-1,266 +6.0% 120
Wheatfield $310,000 2.6% $-1,106 +4.2% 118
Camby $276,500 5.7% $-153 +1.0% 118
Austin $173,000 3.2% $-446 -5.3% 117
North Manchester $226,000 2.9% $-733 -5.5% 117
Henryville $372,000 1.3% $-1,650 +0.0% 112
Batesville $300,000 2.3% $-1,174 +3.2% 111
South Haven $230,000 6.2% $-27 -2.3% 111
Cicero $410,000 2.8% $-1,127 +8.8% 111
Speedway $263,750 4.0% $-485 +0.8% 110
Tipton $235,000 4.1% $-491 +0.0% 109
Linton $165,000 5.2% $-170 -7.0% 108
Bloomington $340,000 3.2% $-1,054 -0.6% 103
Lakes of the Four Seasons $330,000 4.4% $-558 +3.4% 103
Winchester $169,950 4.9% $-212 +19.7% 98
Culver $350,000 1.6% $-1,837 +6.9% 95
Bloomfield $211,000 5.3% $-165 +3.0% 95
Dunlap $290,000 3.1% $-779 +4.0% 93
Monrovia $314,000 4.2% $-518 -2.6% 89
Ingalls $300,000 4.0% $-604 -2.3% 89
Brookville $235,000 2.6% $-885 +16.1% 89
Lanesville $375,000 2.0% $-1,307 -2.9% 87
Huntingburg $241,750 3.3% $-586 +12.4% 86
Greentown $200,500 5.6% $-125 +5.1% 86
Cloverdale $190,500 3.4% $-552 -2.3% 86
Middlebury $335,500 2.8% $-1,132 +0.0% 86
Morgantown $299,900 1.2% $-1,639 +14.6% 85
Hanover $249,000 3.3% $-692 +12.0% 85
Delphi $220,000 3.7% $-484 +6.6% 84
Sullivan $169,900 4.2% $-370 +10.0% 83
Rockville $200,000 3.5% $-731 +0.0% 81
Hidden Valley $343,500 2.2% $-1,286 +8.6% 81
Mccordsville $350,000 5.5% $-208 +13.8% 80
Paoli $177,000 3.8% $-407 -4.6% 79
Kingsford Heights $249,990 3.4% $-629 +2.8% 77
Lagrange $225,000 3.0% $-676 +7.2% 75
Simonton Lake $277,500 2.8% $-1,012 +9.2% 74
Clayton $335,000 1.8% $-1,593 -5.2% 73
Santa Claus $255,000 2.5% $-942 -6.1% 73
Churubusco $268,750 2.0% $-1,185 +15.3% 72
Trafalgar $324,000 2.8% $-908 +2.0% 72
Demotte $305,000 2.2% $-1,190 -6.1% 71
Nappanee $249,900 2.9% $-763 +4.6% 69
Winona Lake $339,900 1.8% $-1,270 +0.6% 69
Union City $138,000 5.7% $-74 +3.4% 69
Middletown $196,500 5.1% $-166 +2.6% 67
Portland $155,500 4.3% $-226 +22.1% 67
Leesburg $315,000 1.5% $-1,614 +10.5% 67
Edinburgh $225,400 3.1% $-736 +6.7% 67
North Judson $200,000 3.1% $-662 +22.5% 67
Covington $229,000 2.5% $-805 -17.3% 67
Chandler $200,000 5.0% $-232 +3.4% 67
Hamilton $347,400 2.8% $-1,222 +28.0% 66
Loogootee $201,000 2.4% $-942 +18.6% 66
Leo-Cedarville $399,900 1.8% $-1,600 +0.0% 63
Cordry Sweetwater Lakes $502,500 0.5% $-2,702 -5.1% 62
Vevay $244,000 3.4% $-578 +25.0% 62
Kouts $264,900 2.4% $-1,148 -4.8% 61
Fairland $275,000 2.8% $-746 +0.3% 60
Porter $301,750 3.8% $-614 -4.2% 60
Milford $261,500 3.3% $-684 -10.0% 60
Clinton $127,500 4.5% $-290 +28.5% 60
Pierceton $200,000 3.6% $-593 +15.2% 59
Hope $195,000 2.9% $-714 +15.4% 59
DeMotte $279,000 2.5% $-966 +2.1% 57
Rising Sun $202,250 3.0% $-613 -8.8% 56
Roanoke $317,500 1.3% $-1,685 -5.4% 56
Wolcottville $272,500 1.4% $-1,552 +15.2% 56
Borden $256,750 4.4% $-454 +1.9% 56
Lake Village $299,900 1.7% $-1,463 +9.3% 55
Butler $168,000 3.4% $-471 -9.2% 55
Oakland City $149,000 6.6% $29 -1.8% 55
Fowler $183,500 3.2% $-605 +8.6% 54
Brownstown $216,750 2.8% $-720 -6.7% 54
French Lick $210,000 2.9% $-708 -11.7% 54
Knightstown $250,500 3.2% $-656 -10.3% 54
Melody Hill $270,000 3.8% $-587 +8.4% 53
North Webster $248,500 1.8% $-1,063 +14.1% 52
Milan $239,950 2.9% $-870 +6.3% 52
Albion $220,000 3.0% $-609 +4.4% 51
Rockport $162,900 5.7% $-96 +0.0% 51
Fort Branch $214,000 3.5% $-429 +2.6% 51
Gas City $160,000 3.9% $-404 +13.7% 51
Battle Ground $360,000 2.7% $-1,116 -1.8% 50
Bremen $277,500 3.0% $-862 +13.4% 50
Ross $152,500 7.2% $132 +6.5% 50
Woodburn $285,000 3.0% $-834 +11.3% 49
New Salisbury $255,000 4.5% $-352 -8.0% 49
Veedersburg $200,000 4.0% $-390 +3.9% 49
Avilla $229,900 2.4% $-931 +10.8% 49
Greenville $339,900 2.5% $-1,241 +10.3% 49
Attica $178,500 3.4% $-543 +1.1% 48
Country Squire Lakes $150,000 5.1% $-169 +29.7% 48
Gosport $252,250 2.5% $-813 +12.1% 48
New Carlisle $256,250 1.5% $-1,704 -6.1% 48
Argos $220,000 3.3% $-582 +0.4% 48
Walkerton $222,000 3.9% $-442 +19.1% 47
Westville $349,999 2.1% $-1,564 -4.2% 47
South Whitley $190,000 2.8% $-635 +5.4% 47
Albany $146,000 3.6% $-436 -4.6% 47
Martinsville $410,000 2.6% $-936 -4.0% 47
Petersburg $170,000 3.9% $-437 -6.9% 47
Leo $540,000 0.1% $-3,326 +10.2% 47
Springville $280,000 1.8% $-1,393 +9.2% 46
Dunkirk $105,450 8.0% $136 -10.5% 46
Versailles $210,000 2.7% $-827 +14.1% 46
Prince's Lakes $282,500 2.0% $-1,032 -18.0% 46
Elizabeth $235,000 1.8% $-1,283 +8.0% 45
Bright $345,000 2.1% $-1,344 +0.0% 45
Lapel $235,000 4.2% $-474 -12.8% 44
Poland $167,000 2.6% $-656 +20.0% 44
Waterloo $198,250 1.9% $-1,161 +18.6% 44
West Terre Haute $218,000 3.1% $-517 +93.9% 44
Crothersville $175,500 4.8% $-195 +6.4% 44
Orleans $183,250 2.7% $-939 +4.2% 44
Galveston $165,000 4.1% $-376 +20.4% 43
Berne $215,000 4.3% $-328 +16.4% 43
Rome City $340,000 0.7% $-1,974 -12.0% 43
Thorntown $315,000 2.4% $-1,040 +26.0% 43
Solsberry $252,500 3.3% $-796 -2.1% 42
Lakeville $356,400 1.8% $-1,387 +15.2% 41
Shorewood Forest $570,000 2.1% $-1,966 -5.1% 41
Daleville $210,000 3.2% $-588 -3.7% 39
Snow Lake $475,000 1.2% $-2,660 +19.4% 39
Whiting $250,000 3.9% $-689 -10.1% 39
Hagerstown $145,000 3.4% $-585 +23.7% 39
Bass Lake $216,000 2.9% $-774 +10.1% 39
Bicknell $139,250 6.2% $-9 +6.6% 38
North Terre Haute $197,500 3.6% $-438 -1.6% 38
Silver Lake $199,000 4.7% $-245 -8.0% 37
Cambridge City $131,500 4.4% $-240 -22.9% 37
Aberdeen $470,000 2.2% $-1,624 -2.5% 37
Tell City $125,000 4.0% $-423 -5.6% 37
Lake Santee $255,000 3.5% $-657 -5.5% 37
Coatesville $270,000 2.8% $-1,046 -0.6% 37
North Liberty $263,500 2.2% $-992 +14.6% 36
Rolling Prairie $232,500 2.0% $-1,396 -0.7% 36
Arcadia $305,500 2.6% $-981 +7.9% 36
Koontz Lake $193,250 3.0% $-655 -9.4% 36
Worthington $182,000 2.7% $-817 -7.5% 35
Osgood $210,000 4.7% $-261 +32.4% 35
Kentland $167,500 3.6% $-394 -2.0% 34
Otterbein $226,500 3.4% $-604 +2.7% 34
Brookston $235,000 2.5% $-867 +1.3% 34
Laurel $147,500 3.1% $-746 -11.4% 34
Sunman $279,750 2.1% $-1,375 +0.3% 34
Dayton $285,000 2.5% $-1,201 -2.7% 34
Jimmerson Lake $337,500 1.1% $-2,076 -2.2% 34
Flora $204,000 4.6% $-269 -1.4% 34
Winslow $159,950 4.8% $-208 +24.3% 34
Painted Hills $375,000 1.6% $-1,896 -3.5% 33
Trail Creek $234,950 4.3% $-460 +6.2% 32
Geneva $192,500 4.1% $-365 +4.2% 32
Roselawn $258,000 2.8% $-833 +0.9% 32
Rossville $299,500 2.5% $-828 +18.9% 32
Burns Harbor $317,500 3.4% $-676 +12.9% 32
Dale $183,500 7.0% $108 +2.3% 32
Williamsport $167,500 2.6% $-753 +4.2% 32
Montpelier $93,000 5.1% $-131 -25.2% 32
Claypool $220,000 2.4% $-973 -6.0% 31
West Harrison $422,000 2.8% $-779 +27.2% 31
Bourbon $230,000 2.4% $-841 +7.4% 31
Utica $520,000 1.3% $-2,539 -0.2% 31
Palmyra $176,250 3.5% $-419 +3.0% 30
New Chicago $190,000 5.7% $-72 +17.3% 30
Lynn $142,500 4.5% $-222 +6.7% 30
Chesterfield $153,500 5.3% $-186 -1.2% 30
Monroeville $207,950 3.7% $-472 -15.1% 30
Walton $195,000 3.7% $-343 +6.2% 30

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