Is Delaware County, IN good for real estate investing?

Delaware County has an investment score of 73/100, rated as "Buy". The county ranks #62 nationally among 1000 counties analyzed.

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

The rent-to-price ratio in Delaware County is 7.83% annually, which ranks in the 89th 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 $158,185. This ranks #182 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 $158/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Delaware County

IndianaPopulation: 112,156

/100

Buy

#62 of 1,000 counties

#22 in Indiana (92 counties)

Market Snapshot

$158,185

Median Home Price

32% below national median

$1,032/mo

Median Rent

32% below national median

7.83%

Rent-to-Price Ratio

Top 11% nationally

-$158

Est. Monthly Cash Flow

With 20% down at 6.9% rate

Price History

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$158,185

Down Payment (20%)$31,637

Loan Amount$126,548

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,032

Monthly P&I-$829

Est. Expenses (35%)-$361

Net Cash Flow-$158/mo

5.1%

Cap Rate (all cash)

-5.2%

Cash-on-Cash Return

7.83%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 5.1% 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 Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

73/100

Cash Flow(30%)

78/100

Based on 7.83% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

81/100

Based on 3.5% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

86/100

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 (7.83%)
+Affordable relative to local incomes
+Complete rent data available

Challenges

-Negative leverage (cap rate 5.1% < mortgage rate 6.9%)

Economic Indicators

Population

112,156

Median Income

$53,377

vs $57,018 national est.

Unemployment Rate

—

Data pending

Price-to-Income

3.0x

Very affordable

Compare to Nearby Counties

County					Verdict
CurrentDelawareIN	73	$158,185	$1,032	7.83%	Buy
OrangeIN	73	$182,101	Est. pending	—	Buy	View
GreeneIN	73	$190,808	Est. pending	—	Buy	View
NewtonIN	73	$218,351	Est. pending	—	Buy	View
LagrangeIN	72	$322,425	Est. pending	—	Buy	View
WhitleyIN	72	$272,323	Est. pending	—	Buy	View

The Bottom Line

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

Delaware County in Indiana scores 73/100, ranking #62 of 1,000 US counties (top 8%). The 7.83% rent-to-price ratio indicates moderate cash flow potential.

Monthly Cash Flow

$-158/mo

Cap Rate

5.1%

Cash-on-Cash

-5.2%

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

Explore Other Markets

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$158,185

Down Payment (20%)$31,637

Loan Amount$126,548

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,032

Monthly P&I-$829

Est. Expenses (35%)-$361

Net Cash Flow-$158/mo

5.1%

Cap Rate (all cash)

-5.2%

Cash-on-Cash Return

7.83%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 5.1% 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 Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

73/100

Cash Flow(30%)

78/100

Based on 7.83% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

81/100

Based on 3.5% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

86/100

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

County

Verdict

CurrentDelawareIN

$158,185

$1,032

7.83%

Buy

OrangeIN

$182,101

Est. pending

—

Buy

View

GreeneIN

$190,808

Est. pending

—

Buy

View

NewtonIN

$218,351

Est. pending

—

Buy

View

LagrangeIN

$322,425

Est. pending

—

Buy

View

WhitleyIN

$272,323

Est. pending

—

Buy

View

The Bottom Line

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

Delaware County in Indiana scores 73/100, ranking #62 of 1,000 US counties (top 8%). The 7.83% rent-to-price ratio indicates moderate cash flow potential.

Monthly Cash Flow

$-158/mo

Cap Rate

5.1%

Cash-on-Cash

-5.2%