Is Delaware County, IN good for real estate investing?

Delaware County has an investment score of 75/100, rated as "Strong Buy". The county ranks #40 nationally among 1000 counties analyzed.

What is the rent-to-price ratio in Delaware?

The rent-to-price ratio in Delaware County is 8.01% annually, which ranks in the 92th percentile nationally. Higher ratios indicate better cash flow potential.

What is the median home price in Delaware?

The median home price in Delaware County is $160,460. This ranks #103 in affordability among all US counties.

Can you cash flow on rental properties in Delaware?

Based on median values with 20% down at current rates, a typical rental in Delaware County would generate negative cash flow of $145/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Delaware County

IndianaPopulation: 112,156

/100

Strong Buy

#40 of 1,000 counties

#11 in Indiana (92 counties)

Market Snapshot

$160,460

Median Home Price

41% below national median

$1,071/mo

Median Rent

28% below national median

8.01%

Rent-to-Price Ratio

Top 8% nationally

-$145

Est. Monthly Cash Flow

With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$160,460

Down Payment (20%)$32,092

Loan Amount$128,368

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,071

Monthly P&I-$841

Est. Expenses (35%)-$375

Net Cash Flow-$145/mo

5.2%

Cap Rate (all cash)

-4.7%

Cash-on-Cash Return

8.01%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 5.2% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

75/100

Cash Flow(30%)

80/100

Based on 8.01% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

84/100

Based on 4.4% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

85/100

Price-to-income ratio of 3.0x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

+Above-average rent-to-price ratio (8.01%)
+Affordable relative to local incomes
+Complete rent data available

Challenges

-Negative leverage (cap rate 5.2% < mortgage rate 6.9%)

Economic Indicators

Population

112,156

Median Income

$53,377

vs $62,400 national est.

Unemployment Rate

—

Data pending

Price-to-Income

3.0x

Moderately affordable

Compare to Nearby Counties

County					Verdict
WabashIN	76	$182,821	Est. pending	—	Strong Buy	View
PoseyIN	76	$232,138	Est. pending	—	Strong Buy	View
CurrentDelawareIN	75	$160,460	$1,071	8.01%	Strong Buy
JenningsIN	74	$216,658	Est. pending	—	Buy	View
WhiteIN	74	$220,511	Est. pending	—	Buy	View
De KalbIN	73	$240,446	Est. pending	—	Buy	View

The Bottom Line

Strong BuyDelaware is a strong buy market with excellent fundamentals for buy-and-hold investors.

Delaware County in Indiana scores 75/100, ranking #40 of 1,000 US counties (top 4%). The 8.01% rent-to-price ratio exceeds the 1% rule target, suggesting strong cash flow potential.

Monthly Cash Flow

$-145/mo

Cap Rate

5.2%

Cash-on-Cash

-4.7%

Ready to Analyze a Deal in Delaware?

Use our investment calculators to run detailed numbers on specific properties.

Single Family1-4 unit rentals, BRRRR House HackOwner-occupied strategy Multifamily5+ unit properties

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Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$160,460

Down Payment (20%)$32,092

Loan Amount$128,368

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,071

Monthly P&I-$841

Est. Expenses (35%)-$375

Net Cash Flow-$145/mo

5.2%

Cap Rate (all cash)

-4.7%

Cash-on-Cash Return

8.01%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 5.2% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

75/100

Cash Flow(30%)

80/100

Based on 8.01% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

84/100

Based on 4.4% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

85/100

Price-to-income ratio of 3.0x. Lower ratios indicate more affordable markets.

Compare to Nearby Counties

County					Verdict
WabashIN	76	$182,821	Est. pending	—	Strong Buy	View
PoseyIN	76	$232,138	Est. pending	—	Strong Buy	View
CurrentDelawareIN	75	$160,460	$1,071	8.01%	Strong Buy
JenningsIN	74	$216,658	Est. pending	—	Buy	View
WhiteIN	74	$220,511	Est. pending	—	Buy	View
De KalbIN	73	$240,446	Est. pending	—	Buy	View

The Bottom Line

Strong BuyDelaware is a strong buy market with excellent fundamentals for buy-and-hold investors.

Delaware County in Indiana scores 75/100, ranking #40 of 1,000 US counties (top 4%). The 8.01% rent-to-price ratio exceeds the 1% rule target, suggesting strong cash flow potential.

Monthly Cash Flow

$-145/mo

Cap Rate

5.2%

Cash-on-Cash

-4.7%