Is Morgan County, IN good for real estate investing?

Morgan County has an investment score of 60/100, rated as "Buy". The county ranks #331 nationally among 1000 counties analyzed.

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

The rent-to-price ratio in Morgan County is 5.67% annually, which ranks in the 43th percentile nationally. Higher ratios indicate better cash flow potential.

What is the median home price in Morgan?

The median home price in Morgan County is $292,471. This ranks #649 in affordability among all US counties.

Can you cash flow on rental properties in Morgan?

Based on median values with 20% down at current rates, a typical rental in Morgan County would generate negative cash flow of $635/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Morgan County

IndianaPopulation: 71,757Indianapolis, IN Metro

/100

Buy

#331 of 1,000 counties

#79 in Indiana (92 counties)

Market Snapshot

$292,471

Median Home Price

25% above national median

$1,381/mo

Median Rent

9% below national median

5.67%

Rent-to-Price Ratio

Top 57% nationally

-$635

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$292,471

Down Payment (20%)$58,494

Loan Amount$233,977

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,381

Monthly P&I-$1,533

Est. Expenses (35%)-$483

Net Cash Flow-$635/mo

3.7%

Cap Rate (all cash)

-11.3%

Cash-on-Cash Return

5.67%

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 Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

60/100

Cash Flow(30%)

55/100

Based on 5.67% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

63/100

Based on 1.3% 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 (-$635/mo)
-Negative leverage (cap rate 3.7% < mortgage rate 6.9%)

Economic Indicators

Population

71,757

Median Income

$79,134

vs $57,018 national est.

Unemployment Rate

—

Data pending

Price-to-Income

3.7x

Moderately affordable

Compare to Nearby Counties

County					Verdict
TippecanoeIN	61	$288,669	$1,526	6.35%	Buy	View
HendricksIN	61	$334,633	$1,740	6.24%	Buy	View
CurrentMorganIN	60	$292,471	$1,381	5.67%	Buy
HamiltonIN	59	$450,547	$1,832	4.88%	Hold	View
PorterIN	59	$320,190	$1,469	5.50%	Hold	View
KosciuskoIN	58	$272,509	$1,108	4.88%	Hold	View

The Bottom Line

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

Morgan County in Indiana scores 60/100, ranking #331 of 1,000 US counties (top 44%). The 5.67% 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

$-635/mo

Cap Rate

3.7%

Cash-on-Cash

-11.3%

Ready to Analyze a Deal in Morgan?

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$292,471

Down Payment (20%)$58,494

Loan Amount$233,977

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,381

Monthly P&I-$1,533

Est. Expenses (35%)-$483

Net Cash Flow-$635/mo

3.7%

Cap Rate (all cash)

-11.3%

Cash-on-Cash Return

5.67%

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 Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

60/100

Cash Flow(30%)

55/100

Based on 5.67% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

63/100

Based on 1.3% 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.

County

Verdict

TippecanoeIN

$288,669

$1,526

6.35%

Buy

View

HendricksIN

$334,633

$1,740

6.24%

Buy

View

CurrentMorganIN

$292,471

$1,381

5.67%

Buy

HamiltonIN

$450,547

$1,832

4.88%

Hold

View

PorterIN

$320,190

$1,469

5.50%

Hold

View

KosciuskoIN

$272,509

$1,108

4.88%

Hold

View

The Bottom Line

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

Monthly Cash Flow

$-635/mo

Cap Rate

3.7%

Cash-on-Cash

-11.3%