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

New Chicago, IN has a median modeled monthly cash flow of $-72 and a median cap rate of 5.7%, on a median sold price of $190,000. Prices changed +17.3% year over year.

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

The median cap rate across recently sold homes in New Chicago, IN is 5.7%, based on CashFlowRE's rent and expense modeling.

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

The median sold price in New Chicago, IN is $190,000 (about $173 per square foot).

Investing in New Chicago, IN Real Estate

A data-driven snapshot of the New Chicago, 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.

$190,000Median sold price

$173Median $/sqft

5.7%Median cap rate

$-72Modeled cash flow / mo

+17.3%Appreciation YoY

7.2Months of supply

18Active listings

30Sold (last 12 mo)

What the New Chicago numbers say

In New Chicago, IN, the median home sold for $190,000 (about $173 per square foot), and the typical deal models out to a 5.7% cap rate with a median $-72 of monthly cash flow. Sold prices moved +17.3% over the past year. Inventory sits at about 7.2 months of supply — a looser, buyer-friendly market. 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 Chicago cash-flowing listings

CashFlowRE ranks every for-sale home in New Chicago, 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 Chicago deals, or browse the national market data.