Side-by-side comparison of Indiana, PA and Lebanon, PA — cap rates, rent, prices, and investment metrics.
Cash flow: Indiana has the edge with an estimated cap rate of 4.08% compared to Lebanon's 2.89%. 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 $305,000 in Lebanon, while rents come in at $860/mo and $1,370/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 Lebanon'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 Lebanon. Vacancy rates of 6% and 6% are mixed — Lebanon has the tighter rental market.
Entry point: Indiana offers a lower entry at $155K vs Lebanon's $305K — a difference of $150K. With a 20% down payment, that's $31K vs $61K. Indiana combines the lower price with a higher cap rate — a compelling combination.
Bottom line: Indiana edges out Lebanon on most key metrics. While cap rates are moderate at 4.08%, Indiana's overall profile is stronger. Use our free calculators to model specific deals in Indiana or Lebanon.