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Connersville vs Crawfordsville for Rental Property Investing

Side-by-side comparison of Connersville, IN and Crawfordsville, IN — cap rates, rent, prices, and investment metrics.

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Connersville wins 3–0 across key metrics
Connersville leads on cash flow (4.21% vs 3.27% cap rate)
Metric
Connersville, IN
Crawfordsville, IN
Est. Cap Rate
4.21%
3.27%
Median Home Price
$155,000
$215,000
Median Monthly Rent
$800
$930
1% Rule
0.52%
0.43%
GRM
16.1x
19.3x
Price / Income
2.5x
3.5x
Property Tax Rate
0.84%
0.84%
Vacancy Rate
5.5%
5.5%
Population Growth
0.9% / yr
0.9% / yr
Annual Appreciation
2.6%
2.6%
Population
50,000
50,000
Median Income
$60,888
$60,888

Connersville vs Crawfordsville: Which Is Better for Investors?

Cash flow: Connersville has the edge with an estimated cap rate of 4.21% compared to Crawfordsville's 3.27%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $155,000 in Connersville vs $215,000 in Crawfordsville, while rents come in at $800/mo and $930/mo respectively. For context, the national average cap rate is 3.81% and average price is $333K.

Growth & appreciation: Connersville is growing faster at 0.9% annually vs Crawfordsville's 0.9%. Connersville leads on home value appreciation at 2.6% per year.

Costs & risk: Property taxes are 0.84% in Connersville vs 0.84% in Crawfordsville. 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 Crawfordsville's $215K — a difference of $60K. With a 20% down payment, that's $31K vs $43K. Connersville combines the lower price with a higher cap rate — a compelling combination.

Bottom line: Connersville edges out Crawfordsville 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 Connersville or Crawfordsville.

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Connersville, IN
4.21% cap rate · $155,000 median · $800/mo
Full analysis →
Crawfordsville, IN
3.27% cap rate · $215,000 median · $930/mo
Full analysis →

Frequently Asked Questions

Is Connersville or Crawfordsville better for rental investing?
Connersville wins 3–0 across our 7 key metrics (cap rate, 1% rule, GRM, taxes, vacancy, growth, appreciation). Connersville's 4.21% cap rate and $155K median price offer both higher returns and a lower entry point.
What is the cap rate difference between Connersville and Crawfordsville?
Connersville has a 4.21% cap rate vs Crawfordsville's 3.27% — a difference of 0.95 percentage points. This is a relatively small difference — other factors like growth, taxes, and local market conditions may matter more. For context, the national average is 3.81%.
Which city has lower property taxes?
Crawfordsville has lower property taxes at 0.84% vs 0.84%. On a $185K property, that's a difference of approximately $504/year in tax expense — money that goes directly to (or from) your cash flow.
Which city is growing faster?
Connersville is growing at 0.9% annually vs Crawfordsville's 0.9%. Moderate growth provides stable demand. Connersville's appreciation rate of 2.6% also leads on home value growth.

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