Rental DSCR · Indiana
Where rent covers the loan in Indiana
At a 7% example rate, a 3-bedroom rental on a mid-market home covers its full payment in 56 of 92 Indiana counties (61%). The typical Indiana county has a DSCR of 1.06. Among markets with at least 2,500 renter homes and a loan of $55,000 or more, the highest DSCRs are in Madison County at 1.58, Delaware County at 1.45 and Grant County at 1.42.
The biggest rental markets
In Indiana’s largest rental markets, the rent covers the payment in Marion County (DSCR 1.21, break-even 9.5%) and Lake County (DSCR 1.05, break-even 7.6%), while the rent falls short of the payment in Allen County (DSCR 0.96, break-even 6.6%).
Open Indiana on the interactive map
Financing a rental in Indiana? Read Pinnacle Funding Network’s Indiana DSCR loan guide.
Every Indiana county, ranked
Ranked by DSCR at a 7% example rate on a mid-market home, 75% loan. † A 75% loan there is under $55,000, the smallest DSCR loan through Pinnacle Funding Network. * Small survey sample; treat as rough.
| # | County | Renter homes | 3-bed rent | Home price | DSCR at 7% (example) | Break-even rate |
|---|---|---|---|---|---|---|
| 1 | Blackford County | 1,352 | $1,182 | $111,000 | 1.69 | 14.7% |
| 2 | Crawford County* | 855 | $1,121 | $111,400 | 1.61 | 13.9% |
| 3 | Madison County | 15,941 | $1,531 | $158,200 | 1.58 | 13.4% |
| 4 | Jay County | 1,568 | $1,103 | $120,900 | 1.50 | 12.5% |
| 5 | Randolph County | 2,355 | $1,131 | $123,300 | 1.47 | 12.3% |
| 6 | Delaware County | 15,505 | $1,240 | $139,300 | 1.45 | 12.0% |
| 7 | Grant County | 7,303 | $1,109 | $126,600 | 1.42 | 11.7% |
| 8 | Knox County | 4,884 | $1,100 | $128,700 | 1.39 | 11.4% |
| 9 | Fayette County | 2,630 | $1,120 | $133,100 | 1.36 | 11.2% |
| 10 | Miami County | 3,175 | $1,003 | $122,500 | 1.35 | 10.9% |
| 11 | Cass County | 3,870 | $1,112 | $139,700 | 1.30 | 10.5% |
| 12 | Vigo County | 16,237 | $1,202 | $149,900 | 1.28 | 10.3% |
| 13 | Vermillion County* | 1,634 | $888 | $112,900 | 1.27 | 10.1% |
| 14 | Sullivan County | 1,849 | $1,072 | $139,800 | 1.27 | 10.0% |
| 15 | Pulaski County* | 1,258 | $1,164 | $157,700 | 1.25 | 9.8% |
| 16 | Parke County | 1,080 | $1,144 | $155,600 | 1.24 | 9.7% |
| 17 | Pike County* | 670 | $1,187 | $155,500 | 1.24 | 9.8% |
| 18 | Orange County | 1,698 | $1,119 | $151,300 | 1.23 | 9.6% |
| 19 | Scott County | 2,864 | $1,147 | $155,100 | 1.22 | 9.5% |
| 20 | Wayne County | 8,302 | $1,062 | $140,600 | 1.21 | 9.5% |
| 21 | Marion County | 173,991 | $1,663 | $222,600 | 1.21 | 9.5% |
| 22 | Johnson County | 17,061 | $2,112 | $294,200 | 1.21 | 9.4% |
| 23 | Howard County | 10,474 | $1,246 | $169,800 | 1.20 | 9.4% |
| 24 | Greene County | 3,014 | $1,032 | $144,100 | 1.19 | 9.2% |
| 25 | Jasper County | 2,096 | $1,531 | $227,100 | 1.16 | 8.8% |
| 26 | Jackson County | 4,866 | $1,213 | $179,500 | 1.15 | 8.7% |
| 27 | Clay County* | 2,019 | $1,064 | $159,600 | 1.14 | 8.6% |
| 28 | Huntington County | 3,483 | $1,136 | $163,600 | 1.14 | 8.6% |
| 29 | Perry County* | 1,901 | $1,102 | $159,300 | 1.14 | 8.6% |
| 30 | Jennings County | 2,323 | $1,105 | $161,800 | 1.14 | 8.6% |
| 31 | Montgomery County | 3,078 | $1,177 | $172,600 | 1.13 | 8.5% |
| 32 | Shelby County | 5,082 | $1,452 | $214,700 | 1.13 | 8.5% |
| 33 | Bartholomew County | 10,236 | $1,610 | $236,800 | 1.13 | 8.5% |
| 34 | Hancock County | 6,855 | $1,951 | $293,500 | 1.13 | 8.4% |
| 35 | Clinton County | 3,225 | $1,194 | $177,300 | 1.13 | 8.5% |
| 36 | Fountain County | 1,760 | $1,050 | $155,100 | 1.13 | 8.5% |
| 37 | St. Joseph County | 33,230 | $1,364 | $196,500 | 1.13 | 8.5% |
| 38 | Hendricks County | 14,608 | $2,121 | $313,900 | 1.12 | 8.4% |
| 39 | Elkhart County | 20,560 | $1,456 | $213,400 | 1.12 | 8.4% |
| 40 | Morgan County | 5,054 | $1,561 | $242,300 | 1.11 | 8.2% |
| 41 | Wabash County | 2,474 | $1,042 | $160,100 | 1.10 | 8.1% |
| 42 | Tipton County* | 1,167 | $1,251 | $190,300 | 1.10 | 8.1% |
| 43 | Vanderburgh County | 27,367 | $1,187 | $179,500 | 1.08 | 7.9% |
| 44 | Henry County | 4,439 | $1,002 | $153,300 | 1.07 | 7.8% |
| 45 | LaPorte County | 11,019 | $1,331 | $205,800 | 1.06 | 7.8% |
| 46 | Spencer County | 1,507 | $1,138 | $179,200 | 1.06 | 7.7% |
| 47 | Benton County | 699 | $1,021 | $156,400 | 1.06 | 7.7% |
| 48 | Porter County | 15,287 | $1,800 | $282,200 | 1.06 | 7.7% |
| 49 | Newton County | 1,082 | $1,094 | $169,400 | 1.05 | 7.6% |
| 50 | Fulton County | 1,604 | $1,015 | $162,500 | 1.05 | 7.6% |
| 51 | Lake County | 55,274 | $1,470 | $228,000 | 1.05 | 7.6% |
| 52 | Gibson County | 3,131 | $1,099 | $173,500 | 1.04 | 7.5% |
| 53 | Starke County* | 1,530 | $1,048 | $168,200 | 1.04 | 7.4% |
| 54 | Clark County | 12,942 | $1,396 | $224,300 | 1.03 | 7.3% |
| 55 | White County | 1,948 | $1,069 | $177,600 | 1.02 | 7.2% |
| 56 | Switzerland County | 832 | $1,038 | $174,700 | 1.01 | 7.2% |
| 57 | Warren County | 592 | $1,084 | $186,200 | 0.99 | 6.9% |
| 58 | Whitley County | 2,548 | $1,360 | $229,800 | 0.99 | 6.9% |
| 59 | Putnam County | 3,479 | $1,266 | $221,400 | 0.98 | 6.8% |
| 60 | Union County* | 593 | $1,096 | $185,900 | 0.98 | 6.8% |
| 61 | Wells County | 2,815 | $1,161 | $201,500 | 0.98 | 6.7% |
| 62 | Lawrence County | 3,697 | $1,003 | $172,300 | 0.97 | 6.7% |
| 63 | Allen County | 48,745 | $1,327 | $227,200 | 0.96 | 6.6% |
| 64 | Washington County | 2,015 | $987 | $170,300 | 0.96 | 6.6% |
| 65 | Decatur County | 2,561 | $1,114 | $194,600 | 0.96 | 6.5% |
| 66 | Dearborn County | 2,995 | $1,457 | $255,200 | 0.95 | 6.5% |
| 67 | Jefferson County | 3,602 | $1,112 | $195,200 | 0.95 | 6.4% |
| 68 | Carroll County | 1,440 | $1,022 | $181,000 | 0.95 | 6.4% |
| 69 | Kosciusko County | 7,351 | $1,202 | $215,300 | 0.94 | 6.3% |
| 70 | Daviess County | 3,262 | $1,084 | $191,800 | 0.94 | 6.3% |
| 71 | Adams County | 2,052 | $1,090 | $190,800 | 0.94 | 6.2% |
| 72 | DeKalb County | 3,067 | $1,100 | $198,000 | 0.93 | 6.2% |
| 73 | Rush County | 1,696 | $968 | $172,400 | 0.93 | 6.2% |
| 74 | Tippecanoe County | 35,338 | $1,352 | $246,700 | 0.93 | 6.2% |
| 75 | Ohio County | 489 | $1,310 | $240,500 | 0.92 | 6.1% |
| 76 | Owen County | 1,606 | $944 | $171,300 | 0.91 | 5.9% |
| 77 | Martin County* | 839 | $829 | $152,400 | 0.91 | 5.9% |
| 78 | Steuben County | 2,886 | $1,203 | $228,600 | 0.89 | 5.8% |
| 79 | Brown County* | 908 | $1,440 | $282,000 | 0.89 | 5.8% |
| 80 | Noble County | 4,154 | $1,026 | $195,500 | 0.87 | 5.4% |
| 81 | Marshall County | 4,197 | $1,087 | $207,900 | 0.87 | 5.4% |
| 82 | Hamilton County | 32,836 | $2,285 | $435,300 | 0.87 | 5.4% |
| 83 | Harrison County* | 2,535 | $1,105 | $224,200 | 0.84 | 5.1% |
| 84 | Monroe County | 27,269 | $1,421 | $284,700 | 0.84 | 5.0% |
| 85 | Dubois County | 4,443 | $1,146 | $231,800 | 0.83 | 4.9% |
| 86 | Ripley County | 2,670 | $1,145 | $236,400 | 0.82 | 4.9% |
| 87 | Floyd County | 8,558 | $1,261 | $261,800 | 0.81 | 4.6% |
| 88 | Warrick County | 4,426 | $1,147 | $242,500 | 0.79 | 4.4% |
| 89 | Posey County | 1,865 | $1,024 | $217,000 | 0.79 | 4.4% |
| 90 | Franklin County | 1,702 | $1,219 | $270,500 | 0.77 | 4.1% |
| 91 | Boone County | 6,097 | $1,615 | $388,700 | 0.70 | Under 4% |
| 92 | LaGrange County | 2,190 | $1,042 | $258,200 | 0.69 | Under 4% |
Rates on this page are a 7% example, not a quote or an offer. DSCR here is 3-bedroom rent divided by principal, interest, property tax and insurance on a 75% loan with a 30-year fixed payment. At 1.00 the rent pays all of it. Figures are estimates from public data, for education only.
Questions
In how many Indiana counties does a 3-bedroom rental cover the payment at 7%?
At a 7% example rate, a 3-bedroom rental on a mid-market home covers its full payment in 56 of 92 Indiana counties (61%). The typical Indiana county has a DSCR of 1.06. Move the example rate and the count changes: 75 counties cover at 6%, 56 at 7% and 42 at 8%.
Where in Indiana does rent go furthest against the payment?
Among markets with at least 2,500 renter homes and a loan of $55,000 or more, the highest DSCRs are in Madison County at 1.58, Delaware County at 1.45 and Grant County at 1.42.
Do Indiana’s biggest rental markets cover the payment?
In Indiana’s largest rental markets, the rent covers the payment in Marion County (DSCR 1.21, break-even 9.5%) and Lake County (DSCR 1.05, break-even 7.6%), while the rent falls short of the payment in Allen County (DSCR 0.96, break-even 6.6%).
How is this calculated?
Rent is HUD’s FY2027 Fair Market Rent for a 3-bedroom, adjusted to each county. Home prices are about the 40th percentile of local values from the Census Bureau’s 2020 to 2024 American Community Survey, brought to mid-2026 with the FHFA house price index. Property tax uses each county’s effective rate and insurance starts from NAIC 2023 average premiums. DSCR is rent divided by principal, interest, tax and insurance on a 75% loan at a 7% example rate, which is not a quote or an offer.
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