Side-by-side comparison of Crawfordsville, IN and Frankfort, IN — cap rates, rent, prices, and investment metrics.
Cash flow: Crawfordsville has the edge with an estimated cap rate of 3.27% compared to Frankfort's 2.79%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $215,000 in Crawfordsville vs $215,000 in Frankfort, while rents come in at $930/mo and $840/mo respectively. For context, the national average cap rate is 3.81% and average price is $333K.
Growth & appreciation: Crawfordsville is growing faster at 0.9% annually vs Frankfort's 0.9%. Crawfordsville leads on home value appreciation at 2.6% per year.
Costs & risk: Property taxes are 0.84% in Crawfordsville vs 0.84% in Frankfort. Vacancy rates of 5.5% and 5.5% are both healthy, suggesting strong tenant demand in both markets.
Entry point: Crawfordsville offers a lower entry at $215K vs Frankfort's $215K — a difference of $0. With a 20% down payment, that's $43K vs $43K. Crawfordsville combines the lower price with a higher cap rate — a compelling combination.
Bottom line: Crawfordsville edges out Frankfort on most key metrics. While cap rates are moderate at 3.27%, Crawfordsville's overall profile is stronger. Use our free calculators to model specific deals in Crawfordsville or Frankfort.