Side-by-side comparison of Indiana, PA and Johnstown, PA — cap rates, rent, prices, and investment metrics.
Cash flow: Johnstown has the edge with an estimated cap rate of 5.77% compared to Indiana's 4.08%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $155,000 in Indiana vs $115,000 in Johnstown, while rents come in at $860/mo and $810/mo respectively. For context, the national average cap rate is 3.81% and average price is $333K.
Growth & appreciation: Indiana is growing faster at 0.2% annually vs Johnstown's 0.2%. Indiana leads on home value appreciation at 2.3% per year.
Costs & risk: Property taxes are 1.38% in Indiana vs 1.38% in Johnstown. Vacancy rates of 6% and 6% are mixed — Johnstown has the tighter rental market.
Entry point: Johnstown offers a lower entry at $115K vs Indiana's $155K — a difference of $40K. With a 20% down payment, that's $23K vs $31K. Johnstown combines the lower price with a higher cap rate — a compelling combination.
Bottom line: Johnstown edges out Indiana on most key metrics. With a 5.77% cap rate, it offers solid cash flow potential. Use our free calculators to model specific deals in Indiana or Johnstown.