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Market MapIndianaHendricks

Hendricks County

IndianaPopulation: 175,639
61
/100
Buy
#461 of 1,000 counties
#86 in Indiana (92 counties)

Market Snapshot

$334,633
Median Home Price
22% above national median
$1,740/mo
Median Rent
16% above national median
6.24%
Rent-to-Price Ratio
Top 43% nationally
-$623
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$334,633
Down Payment (20%)$66,927
Loan Amount$267,706
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,740
Monthly P&I-$1,754
Est. Expenses (35%)-$609
Net Cash Flow-$623/mo
4.1%
Cap Rate (all cash)
-9.7%
Cash-on-Cash Return
6.24%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 4.1% 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
61/100
61
Cash Flow(30%)
62/100

Based on 6.24% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
56/100

Based on 0.6% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
77/100

Price-to-income ratio of 3.5x. 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

  • -Negative cash flow at typical financing (-$623/mo)
  • -Negative leverage (cap rate 4.1% < mortgage rate 6.9%)

Economic Indicators

Population
175,639
Median Income
$95,261
vs $62,400 national est.
Unemployment Rate
—
Data pending
Price-to-Income
3.5x
Moderately affordable

Compare to Nearby Counties

CountyVerdict
AllenIN
63$244,080$1,1635.72%BuyView
JohnsonIN
63$305,370$1,6256.39%BuyView
BooneIN
62$408,148$1,7775.22%BuyView
SteubenIN
62$302,895$1,4255.65%BuyView
CurrentHendricksIN
61$334,633$1,7406.24%Buy
TippecanoeIN
61$288,669$1,5266.35%BuyView

The Bottom Line

BuyHendricks offers solid investment potential with good cash flow or appreciation prospects.

Hendricks County in Indiana scores 61/100, ranking #461 of 1,000 US counties (top 46%). The 6.24% rent-to-price ratio indicates moderate cash flow potential. Current market conditions make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or all-cash purchases.

Monthly Cash Flow
$-623/mo
Cap Rate
4.1%
Cash-on-Cash
-9.7%

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