Most Affordable ZIP Codes in Madison, IN (2026)
The lowest entry prices that still hold a decent investability rating — cheap is only useful if the market underneath it is sound.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 47231 | Dupont, IN | $224,066 | $972 | 3.38% | 7.6% |
| 2 | 47243 | Hanover, IN | $225,944 | $963 | 3.32% | 8.4% |
| 3 | 47230 | Deputy, IN | $232,442 | $864 | 2.90% | 7.8% |
| 4 | 47250 | Madison, IN | $243,472 | $864 | 2.77% | 7.0% |
| 5 | 47138 | Lexington, IN | $257,141 | $1,287 | 3.90% | 7.5% |
| 6 | 47224 | Madison, IN | $328,822 | $864 | 2.05% | 7.1% |
Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →
Same metro, different strategy
Cash Flow in Madison, IN · Appreciation in Madison, IN
Or see the full Madison, IN metro profile.