Side-by-side comparison of Angola, IN and Connersville, IN — cap rates, rent, prices, and investment metrics.
Cash flow: Connersville has the edge with an estimated cap rate of 4.21% compared to Angola's 2.45%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $305,000 in Angola vs $155,000 in Connersville, while rents come in at $1,100/mo and $800/mo respectively. For context, the national average cap rate is 3.81% and average price is $333K.
Growth & appreciation: Angola is growing faster at 0.9% annually vs Connersville's 0.9%. Angola leads on home value appreciation at 2.6% per year.
Costs & risk: Property taxes are 0.84% in Angola vs 0.84% in Connersville. Vacancy rates of 5.5% and 5.5% are both healthy, suggesting strong tenant demand in both markets.
Entry point: Connersville offers a lower entry at $155K vs Angola's $305K — a difference of $150K. With a 20% down payment, that's $31K vs $61K. Connersville combines the lower price with a higher cap rate — a compelling combination.
Bottom line: Connersville edges out Angola on most key metrics. While cap rates are moderate at 4.21%, Connersville's overall profile is stronger. Use our free calculators to model specific deals in Angola or Connersville.