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Market MapIndianaAllen

Allen County

IndianaPopulation: 385,456
63
/100
Buy
#378 of 1,000 counties
#77 in Indiana (92 counties)

Market Snapshot

$244,080
Median Home Price
11% below national median
$1,163/mo
Median Rent
22% below national median
5.72%
Rent-to-Price Ratio
Top 58% nationally
-$524
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$244,080
Down Payment (20%)$48,816
Loan Amount$195,264
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,163
Monthly P&I-$1,279
Est. Expenses (35%)-$407
Net Cash Flow-$524/mo
3.7%
Cap Rate (all cash)
-11.2%
Cash-on-Cash Return
5.72%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.7% 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
63/100
63
Cash Flow(30%)
56/100

Based on 5.72% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
74/100

Based on 2.4% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
75/100

Price-to-income ratio of 3.7x. 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 (-$524/mo)
  • -Negative leverage (cap rate 3.7% < mortgage rate 6.9%)

Economic Indicators

Population
385,456
Median Income
$66,222
vs $62,400 national est.
Unemployment Rate
—
Data pending
Price-to-Income
3.7x
Moderately affordable

Compare to Nearby Counties

CountyVerdict
LakeIN
64$243,537$1,4257.02%BuyView
MonroeIN
64$303,732$1,8887.46%BuyView
CurrentAllenIN
63$244,080$1,1635.72%Buy
JohnsonIN
63$305,370$1,6256.39%BuyView
FloydIN
63$277,337$1,2435.38%BuyView
BooneIN
62$408,148$1,7775.22%BuyView

The Bottom Line

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

Allen County in Indiana scores 63/100, ranking #378 of 1,000 US counties (top 38%). The 5.72% 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
$-524/mo
Cap Rate
3.7%
Cash-on-Cash
-11.2%

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