Is Wayne County, IN good for real estate investing?

Wayne 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 Wayne?

The rent-to-price ratio in Wayne County is 6.31% annually, which ranks in the 59th percentile nationally. Higher ratios indicate better cash flow potential.

What is the median home price in Wayne?

The median home price in Wayne County is $162,561. This ranks #199 in affordability among all US counties.

Can you cash flow on rental properties in Wayne?

Based on median values with 20% down at current rates, a typical rental in Wayne County would generate negative cash flow of $297/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Wayne County

IndianaPopulation: 66,522

/100

Buy

#105 of 1,000 counties

#36 in Indiana (92 counties)

Market Snapshot

$162,561

Median Home Price

30% below national median

$854/mo

Median Rent

43% below national median

6.31%

Rent-to-Price Ratio

Top 41% nationally

-$297

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$162,561

Down Payment (20%)$32,512

Loan Amount$130,049

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$854

Monthly P&I-$852

Est. Expenses (35%)-$299

Net Cash Flow-$297/mo

4.1%

Cap Rate (all cash)

-9.5%

Cash-on-Cash Return

6.31%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 4.1% 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

71/100

Cash Flow(30%)

63/100

Based on 6.31% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

91/100

Based on 6.6% 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

+Strong price appreciation (+6.6% YoY)
+Affordable relative to local incomes
+Complete rent data available

Challenges

-Negative cash flow at typical financing (-$297/mo)
-Negative leverage (cap rate 4.1% < mortgage rate 6.9%)

Economic Indicators

Population

66,522

Median Income

$54,854

vs $57,018 national est.

Unemployment Rate

—

Data pending

Price-to-Income

3.0x

Very affordable

Compare to Nearby Counties

County					Verdict
CurrentWayneIN	71	$162,561	$854	6.31%	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

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

Wayne County in Indiana scores 71/100, ranking #105 of 1,000 US counties (top 14%). The 6.31% rent-to-price ratio indicates moderate cash flow potential.

Monthly Cash Flow

$-297/mo

Cap Rate

4.1%

Cash-on-Cash

-9.5%

Ready to Analyze a Deal in Wayne?

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$162,561

Down Payment (20%)$32,512

Loan Amount$130,049

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$854

Monthly P&I-$852

Est. Expenses (35%)-$299

Net Cash Flow-$297/mo

4.1%

Cap Rate (all cash)

-9.5%

Cash-on-Cash Return

6.31%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 4.1% 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

71/100

Cash Flow(30%)

63/100

Based on 6.31% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

91/100

Based on 6.6% 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

CurrentWayneIN

$162,561

$854

6.31%

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