Warren Township, IN is a growing suburb located on the east side of Indianapolis in Marion County. At T&H Realty Services, we are highly interested in providing professional property management in Warren Township.
Warren Township is among the city’s most affordable, with the average home price near $100,000.
Warren Township is one of nine townships in Indianapolis, and is home to the towns of Cumberland and Warren Park.
Whether it is a challenging curriculum, performing and fine arts, publications, athletics, clubs, or other student activities, Warren Township’s school system has it all.
Warren Township offers three geographically assigned year-round elementary schools and one year-round middle school.
According to the U.S. Census Bureau, the population was at 104,572 as of 2017.
The median age is 35.8, with 58% of the population being female.
The median annual household income is $42,199 according to BestPlaces.
Niche reports a median home value of $104,600 compared to the national average of $184,700 and the median rent at $811, compared to the national average of $949.
There are more home owners than renters at 57.9% and 42.1% respectively.
According to BestPlaces, the violent crime rate in Warren Township is a 42.5 with 1 being the lowest amount of crime and 100 being the most. The national average is 22.7.
Property crime is ranked at a whopping 76.3 out of 100 with the national average being 35.4.
As with any rental area, Warren Township has its pros and cons.
With high property crime rates and not the best schools, it’s definitely a higher risk investment area. Overall, I would consider it a “C” class investment opportunity.
Warren Township is definitely a cash flow play. You’ll have a good chance of meeting or exceeding the 1% with the lower purchase prices, but you likely won’t see as much appreciation as other areas and you will encounter higher crime risk and lower quality tenants.
T&H Realty is working with Owner Clients to add Warren Township rental properties to their portfolios. If you are interested in finding properties in that area, our brokerage would be more than happy to help you purchase a property.