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

Richmond, IN has a median modeled monthly cash flow of $-117 and a median cap rate of 5.2%, on a median sold price of $140,000. Prices changed +5.9% year over year.

What is the average cap rate in Richmond, IN?

The median cap rate across recently sold homes in Richmond, IN is 5.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Richmond, IN?

The median sold price in Richmond, IN is $140,000 (about $107 per square foot).

Investing in Richmond, IN Real Estate

A data-driven snapshot of the Richmond, 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.

$140,000Median sold price

$107Median $/sqft

5.2%Median cap rate

$-117Modeled cash flow / mo

+5.9%Appreciation YoY

5.8Months of supply

241Active listings

499Sold (last 12 mo)

What the Richmond numbers say

In Richmond, IN, the median home sold for $140,000 (about $107 per square foot), and the typical deal models out to a 5.2% cap rate with a median $-117 of monthly cash flow. Sold prices moved +5.9% over the past year. Inventory sits at about 5.8 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 Richmond cash-flowing listings

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