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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% $-364 -2.9% 6,673
Fort Wayne $237,750 4.8% $-299 +2.1% 3,514
Evansville $200,000 4.7% $-272 +1.5% 2,270
South Bend $208,111 4.7% $-315 +6.0% 1,840
Fishers $423,700 3.7% $-929 +2.4% 1,624
Westfield $486,936 3.1% $-1,276 +3.2% 1,533
Noblesville $400,000 3.3% $-1,067 +1.2% 1,475
Carmel $590,000 2.9% $-1,572 +4.8% 1,448
Lafayette $270,750 4.3% $-445 +3.0% 1,190
Anderson $170,000 5.6% $-77 -2.6% 986
Kokomo $170,000 5.4% $-120 +0.8% 977
Terre Haute $177,000 5.1% $-185 +38.5% 964
Valparaiso $381,500 3.2% $-1,017 +4.6% 955
Columbus $275,000 3.7% $-622 -1.0% 943
Jeffersonville $267,900 4.0% $-539 +2.3% 939
Elkhart $230,000 4.3% $-383 +3.7% 925
Muncie $155,000 6.1% $-26 +6.8% 898
Crown Point $330,000 4.4% $-529 +2.3% 747
Avon $355,000 3.9% $-785 +3.2% 747
Gary $117,000 9.0% $272 +3.8% 723
New Albany $250,000 3.9% $-496 -1.3% 682
Brownsburg $355,000 4.0% $-695 +1.8% 674
Mishawaka $222,750 4.9% $-256 +4.3% 632
Greenfield $289,900 4.4% $-471 -2.5% 624
Richmond $147,000 5.1% $-181 +5.7% 609
Hammond $196,250 6.2% $-19 +0.0% 608
Newburgh $340,000 4.2% $-631 +1.9% 570
West Lafayette $395,000 3.5% $-972 +2.2% 554
Plainfield $340,000 3.8% $-734 +1.3% 548
Portage $290,000 4.4% $-502 +3.7% 515
Zionsville $727,290 1.7% $-2,902 +5.6% 511
La Porte $243,500 3.7% $-624 +0.0% 499
Franklin $314,450 3.9% $-624 -2.5% 496
Granger $405,000 4.0% $-814 +3.4% 487
Whitestown $371,248 4.3% $-621 -0.6% 480
Goshen $277,500 2.9% $-810 +3.6% 463
Hobart $249,990 4.4% $-433 +1.6% 441
Marion $148,500 6.6% $40 +6.3% 439
St. John $448,990 4.2% $-798 +3.0% 437
Schererville $340,000 4.6% $-451 +2.4% 435
Warsaw $283,000 3.3% $-726 +4.1% 427
Lowell $343,000 3.8% $-768 +8.2% 421
Huntertown $359,900 4.1% $-644 +2.7% 403
Merrillville $260,000 5.2% $-244 +1.7% 403
Bedford $220,000 3.8% $-475 +3.4% 400
Crawfordsville $222,725 3.4% $-570 +3.5% 400
McCordsville $406,000 4.0% $-790 -0.6% 400
Michigan City $212,000 4.2% $-408 +6.9% 387
Shelbyville $241,100 4.5% $-373 +0.4% 384
Highland $269,000 4.2% $-482 +5.1% 363
New Castle $161,000 4.6% $-233 +4.0% 355
Huntington $180,000 3.8% $-401 +4.9% 353
Seymour $220,700 3.7% $-571 +1.0% 350
Danville $350,000 4.4% $-566 +2.6% 348
Charlestown $311,500 3.4% $-748 +3.0% 346
Greenwood $260,000 5.0% $-284 +0.0% 331
Chesterton $370,000 3.0% $-1,061 -4.1% 307
Munster $360,000 4.6% $-504 +1.2% 303
Lebanon $295,500 4.6% $-445 -1.7% 302
New Haven $259,590 4.9% $-306 -1.3% 302
Fortville $351,130 4.5% $-543 -2.8% 297
Cedar Lake $329,950 4.0% $-768 +3.3% 296
Auburn $265,000 3.1% $-725 +4.4% 285
Columbia City $247,950 3.5% $-652 +0.6% 282
Pendleton $337,750 3.9% $-663 +6.2% 280
Logansport $155,000 4.8% $-215 +2.9% 279
Monticello $250,000 3.5% $-634 +4.3% 274
Dyer $335,000 3.7% $-798 -0.6% 251
Sellersburg $299,900 4.2% $-462 -0.3% 251
Mooresville $315,000 4.2% $-645 -1.8% 243
Frankfort $215,000 4.2% $-370 +4.8% 235
Winfield $414,089 3.7% $-936 +0.5% 234
New Palestine $384,950 3.0% $-1,057 +3.5% 232
Madison $250,000 3.3% $-637 +1.3% 222
Peru $159,450 5.0% $-165 -1.0% 220
Vincennes $169,900 4.9% $-202 +8.7% 219
Connersville $140,000 4.8% $-203 -11.7% 219
Angola $267,250 2.9% $-889 +8.2% 216
Brazil $194,000 3.1% $-561 +7.6% 205
Osceola $310,000 3.2% $-940 +8.6% 202
Beech Grove $199,000 4.7% $-257 +0.0% 201
Ellettsville $325,000 3.7% $-734 +5.4% 197
Boonville $200,000 4.0% $-415 -4.0% 194
Plymouth $250,000 3.7% $-611 +8.0% 193
Yorktown $265,000 3.7% $-608 +0.4% 189
Georgetown $335,000 3.3% $-861 +4.1% 189
Kendallville $207,500 3.8% $-459 -1.0% 188
Elwood $165,000 5.4% $-132 +9.6% 187
Greensburg $230,000 5.1% $-237 +1.3% 184
Greencastle $236,250 3.7% $-522 +5.3% 184
Washington $180,000 5.5% $-148 +11.7% 183
Princeton $195,000 4.8% $-241 +7.4% 172
Corydon $264,050 3.6% $-606 +0.0% 172
Scottsburg $217,000 4.0% $-358 +10.1% 171
Griffith $259,950 4.7% $-329 +3.2% 164
Syracuse $340,000 2.1% $-1,358 -7.8% 161
Decatur $195,000 3.8% $-447 +4.3% 159
Sheridan $316,691 3.2% $-848 +8.9% 157
North Vernon $215,000 3.4% $-555 -2.7% 155
Spencer $228,750 2.5% $-922 +4.0% 154
Bristol $322,500 2.7% $-1,185 +1.3% 154
Rochester $200,750 3.3% $-669 +9.5% 148
Nashville $330,000 2.8% $-984 +2.7% 147
Salem $199,900 3.6% $-505 +0.0% 145
Indianapolis $325,500 4.9% $-383 +0.7% 140
Cicero $415,000 3.4% $-947 +8.7% 137
Mitchell $174,500 4.9% $-250 +1.5% 136
Memphis $292,950 4.1% $-540 -1.7% 136
Heritage Lake $300,000 3.1% $-892 +2.9% 131
Hartford City $134,900 4.8% $-208 -4.0% 129
Lake Station $188,875 6.0% $-38 -1.1% 128
Wheatfield $310,000 2.7% $-1,004 +1.3% 127
Wabash $155,000 5.7% $-92 +1.9% 127
East Chicago $143,750 7.5% $218 -9.6% 126
Batesville $315,000 2.7% $-1,099 +0.8% 124
Knox $240,000 3.2% $-672 +9.0% 123
Rensselaer $236,500 3.5% $-551 +8.8% 122
Cumberland $314,000 3.6% $-797 +2.1% 121
Floyds Knobs $442,250 2.5% $-1,343 -2.6% 118
Austin $175,000 4.0% $-362 -4.3% 117
Pittsboro $355,000 3.0% $-1,105 +3.4% 117
Clarksville $259,900 3.8% $-562 +1.4% 115
North Manchester $219,950 3.7% $-503 -2.4% 114
Fremont $225,000 3.0% $-1,009 -6.4% 114
Rushville $187,599 4.2% $-366 -2.7% 114
Lakes of the Four Seasons $349,000 4.9% $-385 +5.9% 111
Camby $283,450 5.8% $-138 +5.1% 110
Speedway $260,000 3.9% $-535 +3.9% 105
Tipton $235,000 4.6% $-367 +0.0% 105
Henryville $373,750 1.6% $-1,589 -0.5% 104
South Haven $228,000 6.2% $-14 +6.6% 103
Sullivan $165,000 4.4% $-303 +8.6% 102
Bloomfield $205,000 3.3% $-572 -3.6% 101
Winchester $174,950 4.4% $-301 +5.5% 98
Linton $160,000 5.5% $-113 -4.6% 97
Bloomington $352,000 4.3% $-647 +0.6% 95
Hebron $310,500 2.2% $-1,595 -1.1% 93
Monrovia $311,750 4.4% $-472 -3.8% 92
Middlebury $337,500 2.7% $-1,214 +5.3% 92
Cloverdale $187,000 3.4% $-493 -3.0% 91
Brookville $242,000 2.9% $-755 +13.9% 88
Hanover $252,350 4.3% $-493 +8.7% 87
Dunlap $290,000 3.5% $-683 -1.4% 87
Kingsford Heights $253,990 5.2% $-217 -5.9% 87
Ingalls $300,000 4.0% $-603 +0.0% 86
DeMotte $296,000 3.0% $-863 +2.3% 84
Churubusco $250,000 2.6% $-868 +5.9% 82
Rockville $203,000 3.0% $-700 -1.5% 82
Morgantown $307,000 1.8% $-1,461 +20.2% 81
Greentown $204,950 4.9% $-211 +2.7% 80
Culver $374,500 1.9% $-1,477 +5.8% 80
Huntingburg $242,750 3.8% $-509 +1.8% 78
Trafalgar $315,000 2.8% $-868 -4.4% 75
Simonton Lake $278,500 3.8% $-649 +9.3% 74
Hidden Valley $350,000 2.9% $-966 -3.1% 73
Lanesville $379,900 2.3% $-1,168 +6.2% 73
Demotte $302,000 2.2% $-1,136 -9.8% 73
Delphi $220,000 3.9% $-479 +1.4% 73
Clinton $143,900 4.2% $-279 +30.3% 73
Portland $150,000 4.2% $-251 +26.5% 71
Covington $226,000 3.3% $-609 -9.2% 71
Clayton $375,000 2.0% $-1,514 -0.8% 70
Santa Claus $281,700 4.4% $-470 +1.3% 70
Paoli $177,000 3.6% $-482 +7.1% 69
Union City $135,000 5.7% $-60 -7.7% 69
Leo-Cedarville $399,900 1.9% $-1,566 +2.9% 67
North Judson $220,000 3.8% $-439 +27.2% 66
Vevay $237,500 3.5% $-576 -3.8% 66
Leesburg $330,000 1.9% $-1,498 +31.1% 65
Lagrange $225,000 3.1% $-715 +4.2% 65
Chandler $198,500 5.0% $-235 -2.4% 65
Porter $281,200 4.1% $-461 +1.8% 64
Cordry Sweetwater Lakes $420,000 0.7% $-2,505 -22.7% 63
Milford $260,000 3.3% $-669 +2.4% 63
French Lick $182,500 3.7% $-487 -10.2% 62
Edinburgh $224,900 3.1% $-709 -3.1% 61
Nappanee $245,000 3.1% $-643 +7.9% 61
Country Squire Lakes $164,750 5.1% $-165 +26.3% 60
Hamilton $375,000 2.5% $-1,316 +2.3% 59
Gas City $165,000 4.6% $-231 +10.1% 59
Brownstown $215,000 3.1% $-588 -14.9% 59
Middletown $208,450 3.7% $-365 +2.5% 58
West Terre Haute $182,500 4.0% $-355 +38.4% 58
Oakland City $127,000 5.7% $-79 -6.2% 58
Roanoke $317,500 1.7% $-1,332 +13.9% 58
North Webster $230,000 3.7% $-638 +2.2% 57
Pierceton $207,000 4.0% $-417 -0.3% 57
Winona Lake $326,500 2.5% $-1,142 -2.8% 57
Rockport $178,900 5.5% $-166 +12.3% 56
Loogootee $247,500 2.3% $-831 +27.0% 55
Rising Sun $195,000 3.5% $-506 -1.5% 55
Butler $190,000 3.8% $-492 -8.1% 55
Thorntown $330,000 2.5% $-997 +31.0% 55
Borden $270,200 4.5% $-451 +3.9% 54
Greenville $347,450 2.8% $-1,115 +11.4% 54
Mccordsville $328,500 5.3% $-266 +1.9% 54
North Terre Haute $180,000 3.6% $-467 +6.3% 52
Milan $247,450 3.5% $-609 +2.7% 52
Melody Hill $264,950 3.9% $-564 +5.5% 52
Attica $176,000 4.3% $-380 -13.0% 52
Waterloo $189,000 4.0% $-457 +19.0% 52
Knightstown $208,500 3.8% $-496 -16.0% 52
Fowler $185,000 3.6% $-470 +10.0% 51
Walkerton $215,000 4.3% $-412 +4.9% 51
New Salisbury $250,000 4.5% $-366 +0.3% 51
Wolcottville $270,000 2.5% $-1,086 +28.5% 51
Ross $155,000 6.6% $39 +9.4% 51
Bremen $274,900 3.2% $-815 +1.5% 51
Kouts $289,450 2.6% $-994 +6.7% 50
Woodburn $292,900 4.5% $-463 +9.5% 49
Dunkirk $121,400 7.2% $90 +6.3% 49
Orleans $184,000 3.0% $-743 -2.9% 49
Hope $198,500 3.8% $-542 +10.1% 49
Albion $225,000 3.0% $-790 +2.1% 49
Martinsville $370,000 1.9% $-1,171 +8.9% 48
Fairland $250,000 3.1% $-687 +7.2% 48
Battle Ground $370,000 2.8% $-972 +4.7% 47
Prince's Lakes $270,000 2.4% $-969 -3.5% 47
Bright $339,000 2.6% $-1,018 +1.5% 47
Leo $435,250 0.8% $-2,928 +13.3% 46
Veedersburg $174,250 4.4% $-339 +4.5% 46
Elizabeth $230,125 2.5% $-1,052 +1.6% 46
Crothersville $179,900 6.4% $11 +6.0% 46
Argos $222,500 3.4% $-536 +5.1% 46
New Carlisle $244,900 2.6% $-1,151 +0.6% 45
South Whitley $199,000 3.5% $-449 +6.5% 45
Springville $277,450 2.0% $-1,192 +7.2% 44
Avilla $231,000 2.7% $-791 -4.0% 44
Albany $152,950 6.6% $49 -10.2% 44
Fort Branch $197,000 4.2% $-381 +4.4% 43
Bicknell $130,650 6.7% $46 +5.1% 43
Lake Village $334,900 2.2% $-1,259 +12.7% 43
Galveston $163,500 4.2% $-314 +11.7% 42
Petersburg $164,500 2.5% $-715 -17.0% 42
Lapel $266,650 3.7% $-674 -6.2% 42
Bass Lake $227,450 2.4% $-829 +14.9% 42
Poland $202,500 3.0% $-582 +31.2% 40
Jamestown $280,000 2.5% $-869 +12.9% 40
Aberdeen $467,500 2.2% $-1,633 +6.0% 40
Versailles $207,500 3.2% $-659 +1.4% 40
Berne $196,500 4.4% $-303 +3.8% 39
Arcadia $315,000 4.3% $-538 +1.1% 39
Worthington $161,750 3.2% $-557 -3.8% 39
Rome City $337,000 1.0% $-1,685 -6.8% 39
Lakeville $319,900 2.2% $-1,053 +12.2% 39
Gosport $249,000 3.1% $-666 +6.5% 38
Daleville $217,950 4.7% $-279 +0.8% 38
Solsberry $234,500 3.7% $-594 -0.7% 38
Cambridge City $149,450 4.9% $-214 -28.9% 38
Lake Santee $275,000 3.2% $-822 -2.1% 37
Sunman $277,200 2.2% $-1,335 -6.3% 36
Koontz Lake $201,000 3.7% $-514 -13.9% 36
Flora $208,500 4.2% $-359 -4.4% 36
Ligonier $207,500 3.9% $-386 +37.1% 36
Utica $604,000 2.0% $-1,993 +0.0% 35
Markleville $290,000 2.9% $-1,003 +16.2% 35
Brookston $235,000 3.0% $-680 +1.6% 35
Osgood $210,000 4.3% $-331 +12.0% 35
Hagerstown $135,000 3.4% $-614 -7.8% 35
Bourbon $225,000 2.9% $-705 -3.7% 35
Tell City $121,000 4.1% $-330 -9.2% 34
Williamsport $197,000 3.2% $-475 +20.8% 34
Montpelier $114,000 6.0% $-33 -8.6% 34
Silver Lake $175,000 5.0% $-181 -5.6% 33
Painted Hills $335,000 1.5% $-2,071 -16.1% 33
Laurel $155,000 3.3% $-679 -1.0% 33
Chesterfield $155,000 5.5% $-129 +0.8% 33
Winslow $150,000 4.2% $-354 +23.8% 33
Kentland $161,700 4.1% $-316 -5.6% 32
Jonesboro $156,375 4.6% $-252 -5.4% 32
Westville $343,250 2.0% $-1,659 -5.1% 32
Whiting $264,000 4.1% $-503 -7.2% 32
Roselawn $284,500 2.4% $-988 +9.5% 32
Otterbein $226,500 3.2% $-624 +4.8% 32
Ogden Dunes $449,900 3.8% $-1,097 -7.3% 31
Rolling Prairie $265,000 2.5% $-1,136 +2.5% 31
Palmyra $202,500 3.2% $-569 +14.0% 31
New Paris $302,500 4.3% $-542 +3.0% 31
Long Beach $720,000 0.4% $-3,537 +22.9% 31
West Harrison $385,000 2.9% $-743 -9.2% 31
Upland $237,500 3.1% $-757 +18.7% 31
Morocco $159,000 4.5% $-239 -4.3% 31
Lexington $234,950 2.9% $-838 +45.1% 30
Ladoga $214,000 4.4% $-334 +6.0% 30
Claypool $254,800 2.2% $-984 +1.8% 30
Alexandria $249,500 4.0% $-481 +8.4% 30
Howe $245,000 1.9% $-1,210 +42.3% 30
Shoals $176,200 3.6% $-421 +26.2% 30
Coatesville $327,500 3.3% $-849 -1.6% 30

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