Side-by-side comparison of Frankfort, IN and Marion, IN — cap rates, rent, prices, and investment metrics.
Cash flow: Marion has the edge with an estimated cap rate of 5.09% 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 Frankfort vs $145,000 in Marion, while rents come in at $840/mo and $860/mo respectively. For context, the national average cap rate is 3.81% and average price is $333K.
Growth & appreciation: Frankfort is growing faster at 0.9% annually vs Marion's 0.9%. Frankfort leads on home value appreciation at 2.6% per year.
Costs & risk: Property taxes are 0.84% in Frankfort vs 0.84% in Marion. Vacancy rates of 5.5% and 5.5% are both healthy, suggesting strong tenant demand in both markets.
Entry point: Marion offers a lower entry at $145K vs Frankfort's $215K — a difference of $70K. With a 20% down payment, that's $29K vs $43K. Marion combines the lower price with a higher cap rate — a compelling combination.
Bottom line: Marion edges out Frankfort on most key metrics. With a 5.09% cap rate, it offers solid cash flow potential. Use our free calculators to model specific deals in Frankfort or Marion.