Is Monroe County, IN good for real estate investing?

Monroe County has an investment score of 64/100, rated as "Buy". The county ranks #340 nationally among 1000 counties analyzed.

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

The rent-to-price ratio in Monroe County is 7.46% annually, which ranks in the 85th percentile nationally. Higher ratios indicate better cash flow potential.

What is the median home price in Monroe?

The median home price in Monroe County is $303,732. This ranks #585 in affordability among all US counties.

Can you cash flow on rental properties in Monroe?

Based on median values with 20% down at current rates, a typical rental in Monroe County would generate negative cash flow of $365/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Monroe County

IndianaPopulation: 140,065

/100

Buy

#340 of 1,000 counties

#72 in Indiana (92 counties)

Market Snapshot

$303,732

Median Home Price

11% above national median

$1,888/mo

Median Rent

26% above national median

7.46%

Rent-to-Price Ratio

Top 15% nationally

-$365

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$303,732

Down Payment (20%)$60,746

Loan Amount$242,986

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,888

Monthly P&I-$1,592

Est. Expenses (35%)-$661

Net Cash Flow-$365/mo

4.8%

Cap Rate (all cash)

-6.3%

Cash-on-Cash Return

7.46%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 4.8% 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

64/100

Cash Flow(30%)

75/100

Based on 7.46% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

71/100

Based on 2.1% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

54/100

Price-to-income ratio of 5.0x. 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 (7.46%)
+Complete rent data available

Challenges

-Negative cash flow at typical financing (-$365/mo)
-Negative leverage (cap rate 4.8% < mortgage rate 6.9%)

Economic Indicators

Population

140,065

Median Income

$60,308

vs $62,400 national est.

Unemployment Rate

—

Data pending

Price-to-Income

5.0x

Less affordable

Compare to Nearby Counties

County					Verdict
MarionIN	65	$226,825	$1,367	7.23%	Buy	View
CurrentMonroeIN	64	$303,732	$1,888	7.46%	Buy
LakeIN	64	$243,537	$1,425	7.02%	Buy	View
MontgomeryIN	64	$213,484	$975	5.48%	Buy	View
AllenIN	63	$244,080	$1,163	5.72%	Buy	View
JohnsonIN	63	$305,370	$1,625	6.39%	Buy	View

The Bottom Line

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

Monroe County in Indiana scores 64/100, ranking #340 of 1,000 US counties (top 34%). The 7.46% 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

$-365/mo

Cap Rate

4.8%

Cash-on-Cash

-6.3%

Ready to Analyze a Deal in Monroe?

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

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

Explore Other Markets

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$303,732

Down Payment (20%)$60,746

Loan Amount$242,986

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,888

Monthly P&I-$1,592

Est. Expenses (35%)-$661

Net Cash Flow-$365/mo

4.8%

Cap Rate (all cash)

-6.3%

Cash-on-Cash Return

7.46%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 4.8% 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

64/100

Cash Flow(30%)

75/100

Based on 7.46% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

71/100

Based on 2.1% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

54/100

Price-to-income ratio of 5.0x. Lower ratios indicate more affordable markets.

County

Verdict

MarionIN

$226,825

$1,367

7.23%

Buy

View

CurrentMonroeIN

$303,732

$1,888

7.46%

Buy

LakeIN

$243,537

$1,425

7.02%

Buy

View

MontgomeryIN

$213,484

$975

5.48%

Buy

View

AllenIN

$244,080

$1,163

5.72%

Buy

View

JohnsonIN

$305,370

$1,625

6.39%

Buy

View

The Bottom Line

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

Monthly Cash Flow

$-365/mo

Cap Rate

4.8%

Cash-on-Cash

-6.3%