Is Grant County, IN good for real estate investing?

Grant County has an investment score of 73/100, rated as "Buy". The county ranks #84 nationally among 1000 counties analyzed.

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

The rent-to-price ratio in Grant County is 6.97% annually, which ranks in the 72th percentile nationally. Higher ratios indicate better cash flow potential.

What is the median home price in Grant?

The median home price in Grant County is $157,018. This ranks #185 in affordability among all US counties.

Can you cash flow on rental properties in Grant?

Based on median values with 20% down at current rates, a typical rental in Grant County would generate negative cash flow of $230/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Grant County

IndianaPopulation: 66,560

/100

Hold

#84 of 1,000 counties

#24 in Indiana (92 counties)

Analysis by RentalCalcs ResearchIndependent data + algorithm-driven scoring

Updated July 20, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$157,018

Median Home Price

32% below national median

$912/mo

Median Rent

37% below national median

6.97%

Rent-to-Price Ratio

Top 28% nationally

-$230

Est. Monthly Cash Flow

With 20% down at 6.9% rate

Scenario comparison

Same $912/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	$117,763	-$24/mo	6.0%	-1.1%
Median typical MLS deal	$157,018	-$230/mo	4.5%	-7.6%
125% of median newer / premium	$196,272	-$436/mo	3.6%	-11.6%

Price History

Median Home Price

Median Rent

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$157,018

Down Payment (20%)$31,404

Loan Amount$125,614

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$912

Monthly P&I-$823

Est. Expenses (35%)-$319

Net Cash Flow-$230/mo

4.5%

Cap Rate (all cash)

-7.6%

Cash-on-Cash Return

6.97%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 4.5% 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

73/100

Cash Flow(30%)

70/100

Based on 6.97% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

83/100

Based on 4.1% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

96/100

Based on price relative to estimated local incomes.

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 (6.97%)
+Affordable relative to local incomes
+Complete rent data available

Challenges

-Negative cash flow at typical financing (-$230/mo)
-Negative leverage (cap rate 4.5% < mortgage rate 6.9%)

Economic Indicators

Population

66,560

Median Income

—

Data pending

Unemployment Rate

—

Data pending

Price-to-Income

—

Data pending

Who this market fits

Best for

+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
CurrentGrantIN	73	$157,018	$912	6.97%	Buy
OrangeIN	73	$182,101	Est. pending	—	Buy	View
MiamiIN	73	$163,132	$976	7.18%	Buy	View
NewtonIN	73	$218,351	Est. pending	—	Buy	View
LagrangeIN	72	$322,425	Est. pending	—	Buy	View
HowardIN	72	$185,850	$1,006	6.49%	Buy	View

The Bottom Line

HoldGrant scores well overall, but a typical leveraged buy-and-hold loses $230/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.

Grant County in Indiana scores 73/100, ranking #84 of 1,000 US counties (top 11%). At 20% down and current rates, a median-priced rental loses about $230/month; the 6.97% 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

$-230/mo

Cap Rate

4.5%

Cash-on-Cash

-7.6%

Related markets

Markets like Grant with stronger cash flow

Head-to-head comparisons

All counties in Indiana →

Rent vs buy in Indiana cities

Rent vs buy in Indianapolis, INMedian $226,825 · rent $1,367/mo Rent vs buy in Fort Wayne, INMedian $244,080 · rent $1,163/mo Rent vs buy in Evansville, INMedian $191,610 · rent $1,018/mo Rent vs buy in South Bend, INMedian $214,936 · rent $1,333/mo All Indiana citiesFull rent-vs-buy directory for the state

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Scenario comparison

Same $912/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	$117,763	-$24/mo	6.0%	-1.1%
Median typical MLS deal	$157,018	-$230/mo	4.5%	-7.6%
125% of median newer / premium	$196,272	-$436/mo	3.6%	-11.6%

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$157,018

Down Payment (20%)$31,404

Loan Amount$125,614

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$912

Monthly P&I-$823

Est. Expenses (35%)-$319

Net Cash Flow-$230/mo

4.5%

Cap Rate (all cash)

-7.6%

Cash-on-Cash Return

6.97%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 4.5% 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

73/100

Cash Flow(30%)

70/100

Based on 6.97% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

83/100

Based on 4.1% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

96/100

Based on price relative to estimated local incomes.

Who this market fits

Best for

+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

CurrentGrantIN

$157,018

$912

6.97%

Buy

OrangeIN

$182,101

Est. pending

—

Buy

View

MiamiIN

$163,132

$976

7.18%

Buy

View

NewtonIN

$218,351

Est. pending

—

Buy

View

LagrangeIN

$322,425

Est. pending

—

Buy

View

HowardIN

$185,850

$1,006

6.49%

Buy

View

The Bottom Line

Monthly Cash Flow

$-230/mo

Cap Rate

4.5%

Cash-on-Cash

-7.6%