Under $200K Investment Properties for Sale in Indianapolis, IN
426- 2 Bed
- 2 Bath
- 1124 sft
358- 3 Bed
- 1 Bath
- 1200 sft
437- 3 Bed
- 1 Bath
- 960 sft
164- 3 Bed
- 1 Bath
- 1014 sft
Why Invest in Indianapolis, Indiana?
Indianapolis offers strong investment potential in homes under $200k, with affordable entry points amid a balanced market ranked top 10 by NAR for 2026. Rental yields average 8-9% due to steady job growth and rising demand from millennials. Cap rates hover around 7%, supported by low vacancy and modest appreciation of 3-4% annually. High renter occupancy at 45% ensures reliable cash flow for budget-conscious investors. Substantial inventory growth favors value-add opportunities in this steady Midwest hub.
Frequently Asked Questions
Yes, with median prices around $235k but ample inventory under $200k in stable neighborhoods. These offer solid cap rates of 7%+ and reliable cash flow from high renter demand. NAR ranks Indy top 10 for affordability in 2026.
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