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Market MapIndianaHoward

Howard County

IndianaPopulation: 83,452
72
/100
Buy
#89 of 1,000 counties
#30 in Indiana (92 counties)

Market Snapshot

$185,850
Median Home Price
32% below national median
$1,006/mo
Median Rent
33% below national median
6.49%
Rent-to-Price Ratio
Top 35% nationally
-$321
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$185,850
Down Payment (20%)$37,170
Loan Amount$148,680
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,006
Monthly P&I-$974
Est. Expenses (35%)-$352
Net Cash Flow-$321/mo
4.2%
Cap Rate (all cash)
-9.0%
Cash-on-Cash Return
6.49%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 4.2% 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
72/100
72
Cash Flow(30%)
65/100

Based on 6.49% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
92/100

Based on 6.9% 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

  • +Strong price appreciation (+6.9% YoY)
  • +Affordable relative to local incomes
  • +Complete rent data available

Challenges

  • -Negative cash flow at typical financing (-$321/mo)
  • -Negative leverage (cap rate 4.2% < mortgage rate 6.9%)

Economic Indicators

Population
83,452
Median Income
$62,014
vs $62,400 national est.
Unemployment Rate
—
Data pending
Price-to-Income
3.0x
Very affordable

Compare to Nearby Counties

CountyVerdict
CurrentHowardIN
72$185,850$1,0066.49%Buy
StarkeIN
72$211,238Est. pending—BuyView
LagrangeIN
72$322,425Est. pending—BuyView
WhitleyIN
72$272,323Est. pending—BuyView
MiamiIN
72$154,057$8756.82%BuyView
WellsIN
72$237,519Est. pending—BuyView

The Bottom Line

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

Howard County in Indiana scores 72/100, ranking #89 of 1,000 US counties (top 9%). The 6.49% 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
$-321/mo
Cap Rate
4.2%
Cash-on-Cash
-9.0%

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