Why Invest in Indiana?
Indiana is an economic powerhouse state located in the Midwest, in the Great Lakes region. The economy here is stable and growing, boasting a GDP of over $318 billon, ranking 16th in the nation. Indiana is known for many things including the Indianapolis 500, the Colts, the University of Notre Dame, steel, and single family rental opportunities.
Seventeen Fortune 500 companies call the “Hoosier State” home including Anthem, Steel Dynamics, Berry Plastics, Eli Lilly, and Thor Industries. Indiana is a leader in automotive production, second only to Michigan, as well as one of the top states for steel production. Additionally, many other industries are fueling Indiana’s economy including manufacturing, pharmaceuticals, and medicine. The workforce in Indiana is over 3 million people strong, which places an increasing demand on rental properties now and in the future as those companies continue to grow and expand.
Indiana offers a variety of real estate investment opportunities throughout the state, but some of the best choices are single family rentals near major metros such as Indianapolis, Fort Wayne, Evansville, South Bend, and Bloomington.
Getting Started in Real Estate Investing? HomeUnion® Can Help
HomeUnion® is the leader in residential real estate investment. With the use of big data and machine learning, we analyze information on millions of single family homes in Indiana; and across the United States and calculate home values RENTestimate for every property in Indiana. If you’re looking for the best investment properties across the country, visit our comprehensive investment site.