State rental market reference · Data updated October 18, 2026
Indiana rental market for DSCR investors: rent, taxes and insurance by county
What a rental in Indiana rents for, what it costs to carry, and whether it stays rented, from official data for all 92 counties. Read it before you price a deal here.
Indiana at a glance
What does a rental rent for?
$1,276 a month
HUD's FY2027 2-bedroom Fair Market Rent where most of Indiana's renters live, from $1,014 (Wayne County) to $1,536 (Brown County). It is the government figure for a modest 2-bedroom unit, utilities included, not the rent for a house.
What will property taxes cost?
0.74% of value a year
Homeowners in Indiana pay a median $1,614 a year on a median home value of $218,200 (Census ACS 2020–2024). A rental can be taxed at a different rate than an owner's home; the local tax bill is the real number.
What will insurance cost?
$1,200 a year
The median that homeowners with a mortgage in Indiana report paying for homeowners insurance (Census ACS 2020–2024). It is not a landlord quote: a rental policy usually costs more, and flood cover is extra.
Will it stay rented?
5.6% rental vacancy
Share of Indiana's rental homes vacant and for rent (Census ACS 2020–2024), across 799,766 renter households. Lower means rentals fill faster.
Are jobs growing?
Employment down 0.6% in a year
Employed residents in August 2026 against a year earlier; unemployment 3.6% (BLS, not seasonally adjusted, so compare the same month a year apart).
Is new supply coming?
29,076 homes permitted in 2025
About 10.7 new homes per 1,000 households; 68% single-family (Census Building Permits Survey). More new homes means more competition for tenants and buyers.
How often does it flood?
10,526 flood claims since 2005
National Flood Insurance Program claims on properties in Indiana since 2005, $243.5 million paid (FEMA). Claims show where water has reached insured buildings; they are not a flood map, so check the FEMA flood zone for the address.
What it means for a DSCR rental in Indiana
A lender's DSCR is the monthly rent divided by the full monthly payment: principal, interest, property taxes, insurance and any HOA dues. Many lenders accept 1.00x; 1.20x leaves a cushion.
Take a home at Indiana's median value of $218,200, bought with 25% down on a 7.5% 30-year loan, with the state's typical tax rate and insurance:
- Principal and interest ($163,650 loan)
- $1,144
- Property taxes
- $135
- Insurance
- $100
- Full monthly payment
- $1,379
- Rent for a 1.20x DSCR
- $1,650 a month
The government 2-bedroom figure where most of Indiana's renters live is $1,276 a month, below the $1,650 that home needs. A house usually rents for more than a 2-bedroom unit, so price the house you are looking at with its own rent. The last column of the table below gives the same figure for each county.
Rules and costs a landlord faces in Indiana
Each line quotes the official source it comes from and the date it was last checked. These are general rules, not legal advice; local rules can add to them.
- How long before you can file to evict for unpaid rent?
10 calendar days' notice for unpaid rent before an eviction can be filed.
If a tenant refuses or neglects to pay rent when due, a landlord may terminate the lease with not less than ten (10) days notice to the tenant unless: (1) the parties otherwise agreed; or (2) the tenant pays the rent in full before the notice period expires.
Indiana General Assembly, checked October 18, 2026
- How fast must the deposit come back?
Within 45 days after the tenancy ends.
all as itemized by the landlord with the amount due in a written notice that is delivered to the tenant not more than forty-five (45) days after termination of the rental agreement and delivery of possession.
Indiana General Assembly, checked October 18, 2026
- Can rents be capped?
State law bars cities and counties from capping rents.
A unit (as defined in IC 36-1-2-23) may not regulate rental rates for privately owned real property, through a zoning ordinance or otherwise, unless the regulation is authorized by an act of the general assembly.
Indiana General Assembly, checked October 18, 2026
- Is a rental taxed like the owner's home?
A rental does not get the owner's homestead benefit; non-homestead assessments are capped at 2% of gross assessed value.
Property owners are entitled to a cap on the amount of property taxes over 1 percent of the gross assessed value for homestead properties, 2 percent for other residential and agricultural land, and 3 percent for other real and personal property.
Indiana Department of Local Government Finance, checked October 18, 2026
- Where do you insure when private insurers decline?
Indiana FAIR Plan.
"Insurer" has the same meaning as in IC 27-1-2-3(x) and includes the Indiana FAIR plan.
Indiana General Assembly, checked October 18, 2026
Market hubs in Indiana
Each hub makes a monthly call on the market: the rent, the price that still works at 1.20x, and where to start.
Indiana by county
All 92 counties, most renter households first. "Rent for 1.20x" is the monthly rent a home at that county's median value needs on the example loan above. A dash means the source publishes no reliable figure there.
| County | 2-bed FMR | Property tax | Insurance / yr | Rental vacancy | Jobs, 1 yr | Permits | Flood claims | Rent for 1.20x |
|---|---|---|---|---|---|---|---|---|
| Marion County | $1,536 | 0.91% | $1,200 | 4.9% | -1.2% | 1,342 | 1,068 | $1,730 |
| Lake County | $1,429 | 0.92% | $1,220 | 5.1% | -0.1% | 1,262 | 1,957 | $1,790 |
| Allen County | $1,248 | 0.79% | $1,070 | 5.0% | +0.0% | 1,388 | 262 | $1,630 |
| Tippecanoe County | $1,273 | 0.62% | $1,100 | 5.1% | +0.8% | 3,979 | 114 | $1,760 |
| St. Joseph County | $1,276 | 0.86% | $1,110 | 6.1% | +0.3% | 611 | 84 | $1,490 |
| Hamilton County | $1,536 | 0.88% | $1,450 | 6.6% | -1.0% | 4,146 | 241 | $3,050 |
| Vanderburgh County | $1,127 | 0.80% | $1,160 | 6.6% | -0.8% | 441 | 320 | $1,420 |
| Monroe County | $1,252 | 0.71% | $1,250 | 6.8% | -5.8% | 1,139 | 111 | $2,120 |
| Elkhart County | $1,253 | 0.82% | $980 | 12.0% | -0.9% | 777 | 182 | $1,590 |
| Johnson County | $1,536 | 0.71% | $1,280 | 5.8% | -1.1% | 1,088 | 385 | $2,120 |
| Vigo County | $1,164 | 0.88% | $1,250 | 5.7% | +0.6% | 234 | 562 | $1,190 |
| Madison County | $1,331 | 0.74% | $1,170 | 5.7% | -1.0% | 186 | 132 | $1,250 |
| Delaware County | $1,145 | 0.75% | $1,080 | 8.4% | -1.7% | 328 | 162 | $1,090 |
| Porter County | $1,429 | 0.83% | $1,220 | 4.8% | -0.1% | 564 | 73 | $2,130 |
| Hendricks County | $1,536 | 0.81% | $1,340 | 5.2% | -1.1% | 1,654 | 45 | $2,320 |
| Clark County | $1,276 | 0.77% | $1,190 | 7.4% | -0.3% | 794 | 424 | $1,690 |
| LaPorte County | $1,245 | 0.77% | $1,160 | 4.8% | +0.7% | 291 | 45 | $1,500 |
| Howard County | $1,179 | 0.72% | $1,040 | 10.0% | +0.2% | 106 | 180 | $1,260 |
| Bartholomew County | $1,493 | 0.75% | $1,240 | 2.5% | -3.5% | 187 | 397 | $1,760 |
| Floyd County | $1,276 | 0.69% | $1,260 | 9.3% | -0.3% | 376 | 141 | $1,880 |
| Wayne County | $1,014 | 0.81% | $1,000 | 6.3% | -1.7% | 271 | 86 | $1,100 |
| Kosciusko County | $1,162 | 0.60% | $1,110 | 6.2% | -1.1% | 409 | 250 | $1,600 |
| Grant County | $1,014 | 0.72% | $1,080 | 5.9% | -1.3% | 38 | 44 | $970 |
| Hancock County | $1,536 | 0.66% | $1,310 | 5.8% | -1.0% | 1,212 | 54 | $2,040 |
| Boone County | $1,536 | 0.78% | $1,360 | 2.7% | -0.8% | 1,195 | 74 | $2,800 |
Show the other 67 counties
| County | 2-bed FMR | Property tax | Insurance / yr | Rental vacancy | Jobs, 1 yr | Permits | Flood claims | Rent for 1.20x |
|---|---|---|---|---|---|---|---|---|
| Shelby County | $1,536 | 0.66% | $1,280 | 6.2% | -0.8% | 192 | 145 | $1,600 |
| Morgan County | $1,536 | 0.49% | $1,300 | 4.8% | -1.1% | 376 | 162 | $1,740 |
| Knox County | $1,014 | 0.68% | $1,190 | 3.9% | +0.6% | 39 | 40 | $1,080 |
| Jackson County | $1,142 | 0.49% | $1,180 | 1.6% | -0.8% | 114 | 71 | $1,330 |
| Dubois County | $1,014 | 0.66% | $1,240 | 2.8% | -1.8% | 267 | 12 | $1,720 |
| Henry County | $1,014 | 0.73% | $1,200 | 7.3% | +1.0% | 44 | 28 | $1,200 |
| Warrick County | $1,127 | 0.67% | $1,400 | 2.5% | -0.2% | 343 | 49 | $1,830 |
| Marshall County | $1,088 | 0.66% | $1,110 | 2.7% | -0.1% | 118 | 55 | $1,540 |
| Noble County | $1,023 | 0.67% | $1,120 | 7.9% | +0.2% | 113 | 141 | $1,480 |
| Cass County | $1,014 | 0.68% | $1,080 | 5.2% | -0.9% | 28 | 25 | $1,040 |
| Lawrence County | $1,026 | 0.60% | $1,250 | 3.8% | -2.0% | 110 | 23 | $1,330 |
| Jefferson County | $1,041 | 0.64% | $1,270 | 0.5% | -0.7% | 68 | 132 | $1,480 |
| Huntington County | $1,014 | 0.71% | $1,100 | 1.5% | +0.5% | 64 | 64 | $1,240 |
| Putnam County | $1,056 | 0.48% | $1,340 | 2.2% | +0.2% | 99 | 16 | $1,620 |
| Daviess County | $1,090 | 0.69% | $1,150 | 2.8% | +1.3% | 74 | 7 | $1,490 |
| Clinton County | $1,063 | 0.60% | $1,150 | 6.3% | -0.1% | 36 | 13 | $1,250 |
| Miami County | $1,014 | 0.60% | $1,080 | 8.1% | +0.5% | 84 | 15 | $980 |
| Gibson County | $1,083 | 0.72% | $1,280 | 2.7% | -0.1% | 89 | 33 | $1,390 |
| Montgomery County | $1,046 | 0.65% | $1,190 | 6.9% | +0.4% | 93 | 19 | $1,310 |
| DeKalb County | $1,023 | 0.62% | $1,060 | 13.9% | -3.7% | 114 | 40 | $1,450 |
| Greene County | $1,014 | 0.58% | $1,250 | 3.9% | -1.5% | – | 9 | $1,180 |
| Dearborn County | $1,442 | 0.74% | $1,240 | 1.0% | +0.3% | 155 | 35 | $1,840 |
| Steuben County | $1,102 | 0.57% | $1,120 | 7.0% | +0.3% | 127 | 11 | $1,600 |
| Scott County | $1,047 | 0.65% | $1,180 | 1.8% | +1.3% | 38 | 6 | $1,220 |
| Wells County | $1,102 | 0.54% | $1,170 | 1.3% | +0.9% | 172 | 13 | $1,470 |
| Ripley County | $1,053 | 0.56% | $1,280 | 4.0% | -1.1% | 88 | 17 | $1,650 |
| Fayette County | $1,014 | 0.73% | $1,030 | 1.4% | -1.4% | 16 | 31 | $1,020 |
| Decatur County | $1,112 | 0.62% | $1,260 | 3.0% | -0.3% | 70 | 23 | $1,500 |
| Whitley County | $1,248 | 0.70% | $1,150 | 4.2% | +0.7% | 81 | 14 | $1,650 |
| Harrison County | $1,276 | 0.53% | $1,270 | 8.5% | +0.0% | 159 | 128 | $1,690 |
| Wabash County | $1,014 | 0.52% | $1,030 | 5.2% | -3.3% | 93 | 29 | $1,170 |
| Randolph County | $1,014 | 0.79% | $1,130 | 4.4% | -1.7% | 18 | 15 | $920 |
| Jennings County | $1,040 | 0.60% | $1,170 | 1.4% | -1.7% | 77 | 6 | $1,230 |
| LaGrange County | $1,039 | 0.55% | $900 | 10.7% | -1.5% | 153 | 40 | $1,840 |
| Jasper County | $1,349 | 0.46% | $1,270 | 0.4% | +1.1% | 90 | 85 | $1,620 |
| Adams County | $1,014 | 0.77% | $980 | 8.2% | +0.0% | 98 | 22 | $1,360 |
| Clay County | $1,164 | 0.41% | $1,280 | 4.8% | +0.7% | 26 | 23 | $1,150 |
| Washington County | $1,014 | 0.63% | $1,310 | 5.0% | +0.6% | 34 | 33 | $1,320 |
| White County | $1,134 | 0.54% | $1,150 | 5.2% | +1.8% | 37 | 163 | $1,320 |
| Perry County | $1,014 | 0.68% | $1,090 | 4.4% | -0.4% | 32 | 22 | $1,250 |
| Posey County | $1,127 | 0.62% | $1,300 | 1.4% | +0.0% | 41 | 83 | $1,670 |
| Sullivan County | $1,067 | 0.61% | $1,180 | 6.0% | +1.5% | 15 | 1 | $1,020 |
| Fountain County | $1,014 | 0.59% | $1,160 | 2.8% | +0.6% | 29 | 3 | $1,100 |
| Franklin County | $1,148 | 0.59% | $1,350 | 1.4% | +0.5% | 59 | 30 | $1,850 |
| Orange County | $1,014 | 0.58% | $1,350 | 4.4% | -0.4% | 10 | 45 | $1,230 |
| Rush County | $1,014 | 0.65% | $1,230 | 7.8% | +0.7% | 30 | 8 | $1,280 |
| Vermillion County | $1,164 | 0.69% | $1,150 | 0.8% | +1.6% | 20 | 28 | $900 |
| Owen County | $1,014 | 0.66% | $1,210 | 4.8% | -5.4% | 122 | 117 | $1,320 |
| Fulton County | $1,034 | 0.54% | $1,140 | 3.0% | -0.3% | 64 | 83 | $1,180 |
| Jay County | $1,014 | 0.60% | $980 | 8.7% | -0.1% | 25 | 33 | $910 |
| Starke County | $1,014 | 0.61% | $1,160 | 3.9% | +0.8% | 58 | 19 | $1,200 |
| Spencer County | $1,014 | 0.62% | $1,290 | 3.2% | -0.5% | 100 | 15 | $1,410 |
| Carroll County | $1,027 | 0.56% | $1,110 | 13.2% | +1.8% | 52 | 384 | $1,350 |
| Blackford County | $1,014 | 0.81% | $1,120 | 6.2% | -1.2% | 17 | 1 | $880 |
| Pulaski County | $1,014 | 0.45% | $1,320 | 3.1% | +5.8% | 27 | 138 | $1,190 |
| Tipton County | $1,239 | 0.65% | $1,350 | 8.1% | -0.1% | 13 | 73 | $1,350 |
| Newton County | $1,429 | 0.77% | $1,320 | 1.4% | +1.8% | 34 | 21 | $1,340 |
| Parke County | $1,014 | 0.49% | $1,090 | 0.7% | +0.7% | 63 | 16 | $1,130 |
| Brown County | $1,536 | 0.44% | $1,430 | 4.7% | -0.7% | 59 | 128 | $1,950 |
| Crawford County | $1,014 | 0.75% | $1,090 | 1.9% | -0.1% | 0 | 34 | $940 |
| Martin County | $1,014 | 0.54% | $1,280 | 0.0% | -0.7% | 64 | 12 | $1,220 |
| Switzerland County | $1,029 | 0.45% | $1,340 | 1.4% | -0.2% | 81 | 34 | $1,320 |
| Benton County | $1,273 | 0.77% | $1,120 | 1.4% | +4.0% | 6 | 0 | $1,180 |
| Pike County | $1,014 | 0.78% | $1,230 | 0.0% | +4.7% | 0 | 1 | $1,220 |
| Union County | $1,014 | 0.64% | $1,170 | 8.2% | +1.7% | 10 | 1 | $1,320 |
| Warren County | $1,014 | 0.50% | $1,220 | 2.5% | +2.0% | 21 | 2 | $1,360 |
| Ohio County | $1,442 | 0.61% | $1,310 | 2.4% | +0.9% | 9 | 3 | $1,600 |
Where these numbers come from
- 2-bedroom Fair Market Rent
- HUD's FY2027 Fair Market Rents, in effect from October 1, 2026: the rent and utilities of a modest 2-bedroom unit, set for housing vouchers. It is not a house rent. Where HUD publishes by town (New England), the county shows the range. HUD Fair Market Rents
- Property tax, insurance, vacancy and home value
- Census American Community Survey 5-year estimates, 2020–2024. Property tax is the median tax paid divided by the median home value of owner-occupied homes. Insurance is the median that owners with a mortgage report paying, not a landlord quote. Rental vacancy is homes vacant for rent divided by all rental homes. Figures from too few homes are left blank. American Community Survey
- Jobs
- BLS Local Area Unemployment Statistics: employed residents in August 2026 against the same month a year earlier, not seasonally adjusted. BLS LAUS
- Permits
- Census Building Permits Survey: new housing units authorized in 2025, all building sizes. Building Permits Survey
- Flood claims
- FEMA National Flood Insurance Program claims with a loss in 2005 or later, and the net amount paid. Only insured buildings appear. Check a flood zone
These are screening figures for comparing places, not a quote, an appraisal or a loan offer. Indiana total flood payments since 2005: $243.5 million.