Side-by-side comparison of Richmond, IN and Seymour, IN — cap rates, rent, prices, and investment metrics.
Cash flow: Seymour has the edge with an estimated cap rate of 4.41% compared to Richmond's 4.13%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $165,000 in Richmond vs $225,000 in Seymour, while rents come in at $840/mo and $1,200/mo respectively. For context, the national average cap rate is 3.81% and average price is $333K.
Growth & appreciation: Richmond is growing faster at 0.9% annually vs Seymour's 0.9%. Richmond leads on home value appreciation at 2.6% per year.
Costs & risk: Property taxes are 0.84% in Richmond vs 0.84% in Seymour. Vacancy rates of 5.5% and 5.5% are both healthy, suggesting strong tenant demand in both markets.
Entry point: Richmond offers a lower entry at $165K vs Seymour's $225K — a difference of $60K. With a 20% down payment, that's $33K vs $45K. Seymour's higher price may be justified by better market fundamentals.
Bottom line: Seymour edges out Richmond on most key metrics. While cap rates are moderate at 4.41%, Seymour's overall profile is stronger. Use our free calculators to model specific deals in Richmond or Seymour.