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

New Palestine, IN has a median modeled monthly cash flow of $-1,129 and a median cap rate of 2.7%, on a median sold price of $388,000. Prices changed -2.1% year over year.

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

The median cap rate across recently sold homes in New Palestine, IN is 2.7%, based on CashFlowRE's rent and expense modeling.

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

The median sold price in New Palestine, IN is $388,000 (about $160 per square foot).

Investing in New Palestine, IN Real Estate

A data-driven snapshot of the New Palestine, 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.

$388,000Median sold price

$160Median $/sqft

2.7%Median cap rate

$-1,129Modeled cash flow / mo

-2.1%Appreciation YoY

7.5Months of supply

104Active listings

167Sold (last 12 mo)

What the New Palestine numbers say

In New Palestine, IN, the median home sold for $388,000 (about $160 per square foot), and the typical deal models out to a 2.7% cap rate with a median $-1,129 of monthly cash flow. Sold prices moved -2.1% over the past year. Inventory sits at about 7.5 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 Palestine cash-flowing listings

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