MarketsRun a deal in this market
State · IN
Indiana
Data as of November 2024· Sources: Zillow ZHVI/ZORI, Census ACS
Strategy
Median home value
$232k
+4.8%Zillow ZHVI
Median rent
$1,350/mo
+5.0%Zillow ZORI
Gross yield
6.98%
Rent × 12 / value
Rent/price ratio
0.000%
1% rule benchmark
Median household income
$67,173
Census ACS
Owner-occupied
69.5%
Census ACS
Renter-occupied
30.5%
Census ACS
Population
-
Census ACS
What this means for LTR investors
Gross yield of 6.98% is below the 7% LTR sweet spot; you'd lean on appreciation here.
Rent grew 5.0% YoY while values moved 4.8%. That gap drives whether yield compresses or expands over time.
Renter share is 31% - a deep renter pool means lower vacancy risk in Indiana.
Median income of $67,173 sets the affordability ceiling on rent growth.