Is New Albany, IN a good place to invest in rental property?

New Albany, IN has a median modeled monthly cash flow of $-520 and a median cap rate of 3.8%, on a median sold price of $250,000. Prices changed +0.7% year over year.

What is the average cap rate in New Albany, IN?

The median cap rate across recently sold homes in New Albany, IN is 3.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in New Albany, IN?

The median sold price in New Albany, IN is $250,000 (about $154 per square foot).

Investing in New Albany, IN Real Estate

A data-driven snapshot of the New Albany, IN rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$250,000Median sold price

$154Median $/sqft

3.8%Median cap rate

$-520Modeled cash flow / mo

+0.7%Appreciation YoY

6.4Months of supply

373Active listings

696Sold (last 12 mo)

What the New Albany numbers say

In New Albany, IN, the median home sold for $250,000 (about $154 per square foot), and the typical deal models out to a 3.8% cap rate with a median $-520 of monthly cash flow. Sold prices moved +0.7% over the past year. Inventory sits at about 6.4 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Indiana markets to compare

See New Albany cash-flowing listings

CashFlowRE ranks every for-sale home in New Albany, IN by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen New Albany deals, or browse the national market data.