Market Snapshot
Michigan Avenue, Allen County, IN is a neighborhood market with a median home price of $92,054, a median monthly rent of $1,269, a GRM of 6.0x, and a price-to-rent ratio of 6.0.
Michigan Avenue, Allen County, IN
Median Home Price Price
$92,054 $92.1K
Median Monthly Rent Rent
$1,269 $1.3K
6.0x
Home price / annual rentLog in to save this market to your dashboard.
Comparable Markets
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Home prices
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Monthly rent
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GRM = home price / annual rent
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Region
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Home prices
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Monthly rent
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GRM = home price / annual rent
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Region
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These charts compare the selected market against displayed similar markets for home prices, monthly rent, and GRM. The nearby similar markets table provides the accessible market names and current metrics.
Home prices
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Monthly rent
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GRM = home price / annual rent
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Similar markets map
Michigan Avenue
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Benchmark comparison
Rent in Michigan Avenue, IN is 0.5% higher than Woodmark, IN.
Compare to
Woodmark, IN
Michigan Avenue, IN
Woodmark, IN
Delta
Median rent
$1,269
$1,263
-$6
Median price
$92,054
$149,655
+$57,601
YoY change
+$150
+$124
-$26
Price-to-rent
6.0x
9.9x
+3.9x
Key takeaways
- Michigan Avenue, Allen County, IN has a lower-grm screening profile: At 6.0x GRM, current rent may provide stronger support relative to price.
- Low GRM can also reflect operating friction, softer appreciation expectations, or local risk that GRM does not capture.
- Rent momentum is positive, with median rent up about $150 year over year.
- Rent in Michigan Avenue, IN is 0.5% higher than Woodmark, IN.