Indiana
Active LendingOpportunity ZoneIndiana real estate investment market
Median Home Value
$249,724
Est. Cap Rate
3.2%
Based on rent yield × 65%
Vacancy Rate
9.2%
70% owner-occupied
Population
6.8M
Median income: $70,051
Indiana Investment Analysis
Indiana is a major metropolitan market with 6.8M residents and a median home value of $249,724. With a 3.2% cap rate, Indiana is primarily an appreciation play. Investors here are betting on long-term value growth rather than immediate cash flow. Values are stable with 2.7% annual growth, offering predictable returns without overheating risk. As your Real Estate CFO, we recommend exploring bridge financing for repositioning in Indiana. Get pre-qualified for $150K–$10M in financing — term sheet in 48 hours.
Market Details
Housing Stock
3.0M units
Single-family: 2.2M
Multifamily: 555K (18.8%)
Investment Metrics
Gross Yield 4.9%
Cap Rate 3.2%
Price-to-Rent 20.4 (Favors renting)
Property Tax $1,496/yr
Demographics
Median Income $70,051
Median Age 38.0
Employment 99.8%
Home Value Trends
1-Year Appreciation +2.7%
3-Year Appreciation +13.6%
5-Year Appreciation +39.1%
Rental Market
$1,020/mo
Renter population: 29.6%
Lending Status
Active Lending
$150K – $10M · Business purpose
Data sources: U.S. Census Bureau ACS 2023 5-Year Estimates · Zillow Home Value Index (Feb 2026) · USDV Capital analysis
Investor Resources — Indiana
Key government departments and regulatory contacts for real estate investors
Contractor Licensing
Indiana Professional Licensing Agency
No state-level general contractor license; only plumbers licensed at state level; regulated at local/municipal level
Eviction Court
Small Claims Court
10-day notice to pay or quit; ~21-45 days total; small claims handles rent disputes under $6000
Real Estate Commission
Indiana Real Estate Commission
Under Indiana Professional Licensing Agency (IPLA)
Rent Control
N/A - No Rent Control
No rent control statewide. Preempts local rent control (enacted 2020).
Investment Strategy Assessment
How Indiana performs for each investment strategy
DSCR Rental
ModerateIndiana's 3.2% cap rate suggests an appreciation-focused market. Consider value-add strategies to improve cash flow.
- Up to 85% LTV
- No income verification
- 5-30 year terms
Fix & Flip
Strong MatchLow vacancy (9.2%) indicates strong absorption — flipped properties sell quickly in Indiana.
- Up to 90% of purchase + rehab
- 6-18 month terms
- Draw schedule for rehab
Bridge / Value-Add
Strong MatchBridge financing works in any market condition. Use it for acquisitions, refinances, or transitional properties in Indiana while you stabilize or reposition.
- Up to 80% LTV
- 12-24 month terms
- Interest-only payments
Top Counties in Indiana
92 counties by population
Marion County
Lake County
Allen County
Hamilton County
St. Joseph County
Elkhart County
Tippecanoe County
Vanderburgh County
Top Cities in Indiana
976 cities by population
| City | Population | Home Value | Cap Rate | |
|---|---|---|---|---|
| Indianapolis city (balance) | 882K | $207,000 | 4.2% | View → |
| Fort WayneAllen County | 266K | $238,593 | 3.8% | View → |
| EvansvilleVanderburgh County | 116K | $194,790 | 4.0% | View → |
| South BendSaint Joseph County | 103K | $186,070 | 5.6% | View → |
| FishersHamilton County | 101K | $437,380 | 3.2% | View → |
| CarmelHamilton County | 101K | $555,487 | 2.5% | View → |
| BloomingtonMonroe County | 79K | $306,909 | 3.8% | View → |
| HammondLake County | 77K | $169,467 | 6.5% | View → |
| NoblesvilleHamilton County | 72K | $383,583 | 3.5% | View → |
| LafayetteTippecanoe County | 71K | $259,342 | 3.6% | View → |
| GaryLake County | 69K | $86,170 | 11.8% | View → |
| MuncieDelaware County | 65K | $149,047 | 5.1% | View → |
| GreenwoodJohnson County | 64K | $320,957 | 3.8% | View → |
| KokomoHoward County | 59K | $176,331 | 4.4% | View → |
| Terre HauteVigo County | 58K | $152,699 | 5.0% | View → |
Top Neighborhoods in Indiana
707 neighborhoods
Indiana Investment Report
Comprehensive state market analysis
Get the Complete Indiana Market Analysis
Make data-driven investment decisions with our comprehensive state report, including pricing trends, rental yields, and DSCR loan scenarios.
- Complete market data & demographics
- 5-year price appreciation trends
- Rental yield analysis by property type
- Investment opportunity score
- Comparable market benchmarks
- DSCR loan scenario modeling
Top 10 Counties in Indiana for DSCR Investment
Our data team analyzed every countie in Indiana to find the best opportunities for cash-flowing DSCR investments.
Top 10 Counties
Indiana | DSCR Investment
Your Real Estate CFO
We don't work for one lender — we work for you. As your Real Estate CFO, we shop the full institutional market to structure the best capital solution for your Indiana deal. Close in 28 days or we pay you $1,000.
$1.3B+
Transactions Advised
42
States Active
28 Days
Or $1,000 Guarantee
Flexible Financing for Every Deal
All products below are eligible for our 28-day close guarantee.
Bridge Loans
Short-term financing for acquisitions, refinancing, or repositioning
- 12-24 month terms
- Up to 80% LTV
- Interest-only payments
- Flexible prepayment
Fix & Flip
Fast funding for property renovation and resale
- 6-18 month terms
- Up to 90% of purchase + rehab
- Fast closings
- Interest-only payments
Ground-Up Construction
Financing for new development projects from land to completion
- 12-36 month terms
- Up to 90% of costs
- Progress-based draws
- Interest-only payments
DSCR Rental
Long-term financing for single-family rentals and portfolio acquisitions
- 5-30 year terms
- Up to 85% LTV
- Portfolio options
- No personal income docs
Larger Deals
Multifamily & Build-to-Rent
For multifamily and build-to-rent community financing up to $50M, we work directly with institutional capital partners on custom terms. These deals require a consultation — not a form.
Multifamily
Permanent and bridge financing for apartment buildings and complexes — 5 units and up.
- Up to $50M
- 5–30 year terms
- Up to 80% LTV
- Bridge and permanent options
- Interest-only available
Build-to-Rent Communities
Institutional financing for single-family rental community developments from land to stabilization.
- Up to $50M
- Construction through permanent
- Community-scale underwriting
- Progress-based draw schedule
- Custom closing timeline
Looking for 1-4 unit investment properties? Check out our standard lending products for DSCR, fix & flip, and bridge loans.
Your Real Estate CFO
We structure, source, and close financing for your investment properties. Let us help you capitalize on Indiana opportunities.
48-Hour
Term Sheet
$150K-$10M
Loan Range
28-Day
Close Guarantee
$1,000 GUARANTEE
If we can't close in 28 days, we pay you $1,000