Is Miami County, IN good for real estate investing?

Miami County has an investment score of 70/100, rated as "Buy". The county ranks #114 nationally among 1000 counties analyzed.

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

The rent-to-price ratio in Miami County is 6.67% annually, which ranks in the 70th percentile nationally. Higher ratios indicate better cash flow potential.

What is the median home price in Miami?

The median home price in Miami County is $157,475. This ranks #180 in affordability among all US counties.

Can you cash flow on rental properties in Miami?

Based on median values with 20% down at current rates, a typical rental in Miami County would generate negative cash flow of $256/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Miami County

IndianaPopulation: 35,952

/100

Hold

#114 of 1,000 counties

#38 in Indiana (92 counties)

Analysis by RentalCalcs ResearchIndependent data + algorithm-driven scoring

Updated May 11, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$157,475

Median Home Price

33% below national median

$875/mo

Median Rent

42% below national median

6.67%

Rent-to-Price Ratio

Top 30% nationally

-$256

Est. Monthly Cash Flow

With 20% down at 6.9% rate

Scenario comparison

Same $875/mo rent assumption, 20% down, 6.85% rate. What changes is the acquisition price.

Scenario	Purchase price	Monthly cash flow	Cap rate	Cash-on-cash
75% of median value-add or distressed	$118,106	-$50/mo	5.8%	-2.2%
Median typical MLS deal	$157,475	-$256/mo	4.3%	-8.5%
125% of median newer / premium	$196,843	-$463/mo	3.5%	-12.3%

Price History

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$157,475

Down Payment (20%)$31,495

Loan Amount$125,980

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$875

Monthly P&I-$825

Est. Expenses (35%)-$306

Net Cash Flow-$256/mo

4.3%

Cap Rate (all cash)

-8.5%

Cash-on-Cash Return

6.67%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 4.3% 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

70/100

Cash Flow(30%)

67/100

Based on 6.67% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

79/100

Based on 10.3% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

90/100

Price-to-income ratio of 2.6x. 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 (6.67%)
+Strong price appreciation (+10.3% YoY)
+Affordable relative to local incomes
+Complete rent data available

Challenges

-Negative cash flow at typical financing (-$256/mo)
-Negative leverage (cap rate 4.3% < mortgage rate 6.9%)

Economic Indicators

Population

35,952

Median Income

$59,551

vs $57,059 national est.

Unemployment Rate

—

Data pending

Price-to-Income

2.6x

Very affordable

Who this market fits

Best for

+Appreciation buyers: YoY growth is meaningfully above the long-run average
+Patient holders willing to accept negative carry for equity gains
+All-cash buyers: removing debt service flips the cap rate to actual yield
+Institutional or out-of-state investors who target appreciation markets

Skip if

−You need positive cash flow on day one at typical leverage
−You can't tolerate negative leverage (cap rate below mortgage rate today)

Compare to Nearby Counties

County					Verdict
CurrentMiamiIN	70	$157,475	$875	6.67%	Buy
FountainIN	70	$185,369	$949	6.14%	Buy	View
GreeneIN	70	$195,561	$1,050	6.44%	Buy	View
ScottIN	70	$197,919	Est. pending	—	Buy	View
WayneIN	70	$165,210	$801	5.82%	Buy	View
MadisonIN	70	$182,525	$1,047	6.89%	Buy	View

The Bottom Line

HoldMiami scores well overall, but a typical leveraged buy-and-hold loses $256/mo at current rates. Consider house hacking, value-add, or all-cash; otherwise a worse score with positive cash flow may be the better deal.

Miami County in Indiana scores 70/100, ranking #114 of 1,000 US counties (top 15%). At 20% down and current rates, a median-priced rental loses about $256/month; the 6.67% gross rent-to-price ratio doesn't survive debt service. The thesis here is appreciation, value-add, house hacking, or all-cash.

Monthly Cash Flow

$-256/mo

Cap Rate

4.3%

Cash-on-Cash

-8.5%

Related markets

Markets like Miami with stronger cash flow

Head-to-head comparisons

All counties in Indiana →

Ready to Analyze a Deal in Miami?

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Scenario comparison

Same $875/mo rent assumption, 20% down, 6.85% rate. What changes is the acquisition price.

Scenario	Purchase price	Monthly cash flow	Cap rate	Cash-on-cash
75% of median value-add or distressed	$118,106	-$50/mo	5.8%	-2.2%
Median typical MLS deal	$157,475	-$256/mo	4.3%	-8.5%
125% of median newer / premium	$196,843	-$463/mo	3.5%	-12.3%

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$157,475

Down Payment (20%)$31,495

Loan Amount$125,980

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$875

Monthly P&I-$825

Est. Expenses (35%)-$306

Net Cash Flow-$256/mo

4.3%

Cap Rate (all cash)

-8.5%

Cash-on-Cash Return

6.67%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 4.3% 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

70/100

Cash Flow(30%)

67/100

Based on 6.67% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

79/100

Based on 10.3% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

90/100

Price-to-income ratio of 2.6x. Lower ratios indicate more affordable markets.

Who this market fits

Best for

+Appreciation buyers: YoY growth is meaningfully above the long-run average
+Patient holders willing to accept negative carry for equity gains
+All-cash buyers: removing debt service flips the cap rate to actual yield
+Institutional or out-of-state investors who target appreciation markets

Skip if

−You need positive cash flow on day one at typical leverage
−You can't tolerate negative leverage (cap rate below mortgage rate today)

County

Verdict

CurrentMiamiIN

$157,475

$875

6.67%

Buy

FountainIN

$185,369

$949

6.14%

Buy

View

GreeneIN

$195,561

$1,050

6.44%

Buy

View

ScottIN

$197,919

Est. pending

—

Buy

View

WayneIN

$165,210

$801

5.82%

Buy

View

MadisonIN

$182,525

$1,047

6.89%

Buy

View

The Bottom Line

Monthly Cash Flow

$-256/mo

Cap Rate

4.3%

Cash-on-Cash

-8.5%