Is Madison County, IN good for real estate investing?

Madison County has an investment score of 71/100, rated as "Buy". The county ranks #105 nationally among 1000 counties analyzed.

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

The rent-to-price ratio in Madison County is 7.05% annually, which ranks in the 78th percentile nationally. Higher ratios indicate better cash flow potential.

What is the median home price in Madison?

The median home price in Madison County is $179,337. This ranks #266 in affordability among all US counties.

Can you cash flow on rental properties in Madison?

Based on median values with 20% down at current rates, a typical rental in Madison County would generate negative cash flow of $255/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Madison County

IndianaPopulation: 130,545

/100

Buy

#105 of 1,000 counties

#36 in Indiana (92 counties)

Market Snapshot

$179,337

Median Home Price

23% below national median

$1,054/mo

Median Rent

30% below national median

7.05%

Rent-to-Price Ratio

Top 22% nationally

-$255

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$179,337

Down Payment (20%)$35,867

Loan Amount$143,470

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,054

Monthly P&I-$940

Est. Expenses (35%)-$369

Net Cash Flow-$255/mo

4.6%

Cap Rate (all cash)

-7.4%

Cash-on-Cash Return

7.05%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 4.6% 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

71/100

Cash Flow(30%)

71/100

Based on 7.05% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

81/100

Based on 3.4% 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

+Above-average rent-to-price ratio (7.05%)
+Affordable relative to local incomes
+Complete rent data available

Challenges

-Negative cash flow at typical financing (-$255/mo)
-Negative leverage (cap rate 4.6% < mortgage rate 6.9%)

Economic Indicators

Population

130,545

Median Income

$60,060

vs $57,018 national est.

Unemployment Rate

—

Data pending

Price-to-Income

3.0x

Very affordable

Compare to Nearby Counties

County					Verdict
CurrentMadisonIN	71	$179,337	$1,054	7.05%	Buy
WashingtonIN	71	$210,687	Est. pending	—	Buy	View
Saint JosephIN	71	$214,936	$1,333	7.44%	Buy	View
VigoIN	71	$156,114	$943	7.24%	Buy	View
HarrisonIN	71	$257,860	Est. pending	—	Buy	View
FountainIN	70	$185,369	$949	6.14%	Buy	View

The Bottom Line

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

Madison County in Indiana scores 71/100, ranking #105 of 1,000 US counties (top 14%). The 7.05% rent-to-price ratio indicates moderate cash flow potential.

Monthly Cash Flow

$-255/mo

Cap Rate

4.6%

Cash-on-Cash

-7.4%

Ready to Analyze a Deal in Madison?

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$179,337

Down Payment (20%)$35,867

Loan Amount$143,470

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,054

Monthly P&I-$940

Est. Expenses (35%)-$369

Net Cash Flow-$255/mo

4.6%

Cap Rate (all cash)

-7.4%

Cash-on-Cash Return

7.05%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 4.6% 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

71/100

Cash Flow(30%)

71/100

Based on 7.05% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

81/100

Based on 3.4% 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.

County

Verdict

CurrentMadisonIN

$179,337

$1,054

7.05%

Buy

WashingtonIN

$210,687

Est. pending

—

Buy

View

Saint JosephIN

$214,936

$1,333

7.44%

Buy

View

VigoIN

$156,114

$943

7.24%

Buy

View

HarrisonIN

$257,860

Est. pending

—

Buy

View

FountainIN

$185,369

$949

6.14%

Buy

View

The Bottom Line

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

Madison County in Indiana scores 71/100, ranking #105 of 1,000 US counties (top 14%). The 7.05% rent-to-price ratio indicates moderate cash flow potential.

Monthly Cash Flow

$-255/mo

Cap Rate

4.6%

Cash-on-Cash

-7.4%