Quote · BiggerPockets Real Estate Podcast
Where We'd Invest in Real Estate Right Now (12 Markets)
Where this was said
Long-Term Rental Pick #1: Greenfield, Indiana (Ashley Kehr)
At 4:16 · chapter starts 1:30
Ashley Kehr opens the long-term rental round with a self-described 'cheat' — picking a suburb rather than a standalone city. Greenfield, Indiana sits about 30 minutes from Indianapolis, capturing the economic engine of a major metro while staying accessible to renters who want something more affordable. The median home price is $285,000, homes are moving in under 30 days, and the 7% year-over-year price appreciation adds an investment thesis beyond pure cash flow. [1] — Ashley Kehr "Greenfield IN median home price: Greenfield, Indiana has a median home price of $285,000 and homes sell in under 30 days, making it a fast-…" 02:00 Rents for single-family homes range from $1,750 to $2,200 per month — not a 1% ratio, but close enough to be worth underwriting. Henry Washington and Dave Meyer both celebrate the 'drafting' strategy: let Indianapolis build the infrastructure, create the jobs, and drive the economic growth, then invest in the towns that benefit without paying city prices.
Greenfield, Indiana has a median home price of $285,000 and homes sell in under 30 days, making it a fast-moving affordable suburb of Indianapolis.
Greenfield, Indiana is a landlord-friendly suburb 30 minutes from Indianapolis with a $285,000 median home price, sub-30-day sales, and 7% year-over-year price appreciation. Rents run $1,750–$2,200/month for single-family homes, offering a near-1% rent ratio with bonus appreciation.
Average rent for a single-family home in Greenfield, IN ranges from $1,750 to $2,200 per month.
Greenfield, Indiana saw 7% year-over-year home price growth, offering both cash flow potential and appreciation.
Richmond, Virginia added 56,000 residents in four years and hosts major employers like Capital One (13,000 employees) and VCU. With a $364,000 median home price and $2,100 median rent, the numbers work for buy-and-hold investors willing to hunt for deals.
