Noblesville, Indiana ?

Question

Min K. · Answer

@Kevin L.

Following up on your old post that came up in the search results. Did you end up pulling the trigger on a rental home in Noblesville? If so, how is it working out for you?

My wife has taken an interest into land-lording in the Noblesville area recently for some reason. We're in the process of doing some broad research.

Beverly Fast Sinclair · Answer

All of Hamilton County also has great schools - a bonus to our community.  I am an investor who also sells real estate for KW.  My rentals outside Marion county are commanding higher rent.  They range from $1490 to $1550.  All were priced under $130,000.  My tenants in Hamilton county have all been good, long term tenants that take care of the property.  If you need help, give me a call.  317/213-3278.

Kevin L. · Answer

Thanks for the background guys !

Rusty Scott · Answer

Hamilton cty is the wealthiest county in Indiana, by a large margin...and one of the wealthiest counties in the entire Midwest.

Noblesville is the county seat, and is a bit different than the rest of the county..in that it has a much older history as a town, and is not solely suburban Indy growth....though still is predominately.

You can find some older homes right in town for cheap, and would be a very stable investment. Your returns won't be as good though as you can find in Indy.

Evan Manship · Answer

@Kevin L.

As stated above from my fellow Hoosiers, your money is likely better served elsewhere. I invest in downtown-ish areas. Riskier, but I haven't had any serious issues yet. For $75k you should be able to land a nicer home on the outlying metro area that rents for $700-800

Kevin L. · Answer

Thanks guys. I just started looking on google maps & school ratings and the schools & location of Noblesville caught my attention!

Don Harris · Answer

@Kevin L. , I agree with Shawn. I live in Noblesville, you have the older, the vinyl villages, and a couple of nice golf course communities. Not sure how you landed on Noblesville from Austin but if i'm able, i'll be glad to eyeball a house that you may be interested in. Just pm me.

Shawn Holsapple · Answer

Yes, all of Hamilton County [north side of Indy Metro] is great.  Except for the pricing, as you mentioned, can be high vs. the rent.

Most homes in Noblesville will be older [1910-1960].

$75k will get you a typical older home in or near down town that should rent for $800-$900.  At that price, it probably will be in rough to fair condition.

IMHO - I recommend sticking to the post war built homes in the outlying areas of Indianapolis Metro near the I-465 Loop.

Noblesville, Indiana ?

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