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Market MapIndianaSullivan

Sullivan County

IndianaPopulation: 20,791
71
/100
Buy
#135 of 1,000 counties
#35 in Indiana (92 counties)
Analysis by RentalCalcs Research·Independent data + algorithm-driven scoring
Updated July 8, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$160,835
Median Home Price
30% below national median
$9,718/mo
Est. Rent
Based on regional data
6.04%
Rent-to-Price Ratio
Estimated from price data
+$0
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Median Home Price

Median Rent

Historical data from Zillow ZHVI/ZORI

Score Breakdown

Overall Investment Score
71/100
71
Cash Flow(30%)
0/100

Rent data not available for cash flow calculation.

Appreciation(25%)
69/100

Based on 1.9% 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

  • +Affordable relative to local incomes

Challenges

  • -Negative leverage (cap rate 0.0% < mortgage rate 6.9%)
  • -Limited rent data (estimates used)

Economic Indicators

Population
20,791
Median Income
—
Data pending
Unemployment Rate
—
Data pending
Price-to-Income
—
Data pending

Who this market fits

Skip if
  • −You can't tolerate negative leverage (cap rate below mortgage rate today)

Compare to Nearby Counties

CountyVerdict
CurrentSullivanIN
71$160,835Est. pending—Buy
JeffersonIN
71$231,468Est. pending—BuyView
Saint JosephIN
71$214,936$1,3337.44%BuyView
VigoIN
71$156,114$9437.24%BuyView
HarrisonIN
71$257,860Est. pending—BuyView
FountainIN
70$185,369$9496.14%BuyView

The Bottom Line

BuySullivan offers solid investment potential with positive cash flow at typical financing.

Sullivan County in Indiana scores 71/100, ranking #135 of 1,000 US counties (top 17%). At 20% down and current rates, a median-priced rental roughly breaks even on cash flow. The deal works on appreciation or with better terms, not on month-one cash flow.

Monthly Cash Flow
+$0/mo
Cap Rate
0.0%
Cash-on-Cash
0.0%

Related markets

Markets like Sullivan with stronger cash flow

  • Saint Joseph County for cash-flow rentals
  • Vigo County for cash-flow rentals
  • Fountain County for cash-flow rentals

Cheaper alternatives to Sullivan

  • Vigo County, lower entry price

Head-to-head comparisons

  • Sullivan vs Jefferson for rentals
  • Sullivan vs Saint Joseph for rentals
  • Sullivan vs Vigo for rentals
All counties in Indiana →

Rent vs buy in Indiana cities

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

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