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Market MapIndianaHamilton

Hamilton County

IndianaPopulation: 349,527
59
/100
Hold
#543 of 1,000 counties
#90 in Indiana (92 counties)

Market Snapshot

$450,547
Median Home Price
65% above national median
$1,832/mo
Median Rent
22% above national median
4.88%
Rent-to-Price Ratio
Top 79% nationally
-$1,170
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

20%
5%50%100%

Purchase

Purchase Price$450,547
Down Payment (20%)$90,109
Loan Amount$360,438
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,832
Monthly P&I-$2,362
Est. Expenses (35%)-$641
Net Cash Flow-$1,170/mo
3.2%
Cap Rate (all cash)
-13.6%
Cash-on-Cash Return
4.88%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.2% 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 AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
59/100
59
Cash Flow(30%)
43/100

Based on 4.88% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
79/100

Based on 2.9% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
71/100

Price-to-income ratio of 3.9x. 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

  • +Affordable relative to local incomes
  • +Complete rent data available

Challenges

  • -Below-average rent-to-price ratio (4.88%)
  • -Negative cash flow at typical financing (-$1,170/mo)
  • -Negative leverage (cap rate 3.2% < mortgage rate 6.9%)

Economic Indicators

Population
349,527
Median Income
$114,866
vs $62,400 national est.
Unemployment Rate
—
Data pending
Price-to-Income
3.9x
Moderately affordable

Compare to Nearby Counties

CountyVerdict
BooneIN
62$408,148$1,7775.22%BuyView
SteubenIN
62$302,895$1,4255.65%BuyView
TippecanoeIN
61$288,669$1,5266.35%BuyView
CurrentHamiltonIN
59$450,547$1,8324.88%Hold
PorterIN
59$320,190$1,4695.50%HoldView
KosciuskoIN
58$272,509$1,1084.88%HoldView

The Bottom Line

HoldHamilton is a neutral market. Consider house hacking or targeting below-market deals.

Hamilton County in Indiana scores 59/100, ranking #543 of 1,000 US counties (top 54%). The 4.88% rent-to-price ratio may require creative strategies or below-market purchases for positive cash flow. Current market conditions make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or all-cash purchases.

Monthly Cash Flow
$-1,170/mo
Cap Rate
3.2%
Cash-on-Cash
-13.6%

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