Real Estate Investing in Charlestown, Indiana

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 17,899 • Clark County

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Should you buy in Charlestown, IN? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (75/100)

Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.

📈 For Investors
MIXED
3.0 / 5 (52/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.5% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.95% as of Sep 17 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $308,757
Avg Monthly Rent $1,636
ZIP Codes 1

Investing in Charlestown Real Estate

Charlestown in Indiana is one of the markets where the numbers warn before they reward — 1 ZIPs, a sizable population, and a rating that reflects material risk.

A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Charlestown is in that category.

Market conditions in Charlestown are tepid. Days-on-market has stretched, rent growth has stalled, and the 0.0% 5-year CAGR understates how uneven the underlying ZIPs really are.

A an established population with $N/AK household income profile is what makes Charlestown a challenging rental market — the tenant base is present, but the affordability math is tight.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Louisville/Jefferson County, KY-IN

Charlestown is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$308,757
Avg Monthly Rent
$1,636
1% Rule
✗ Below
Landlord Friendly (IN)

ZIP Codes in Charlestown, IN

Screen every ZIP in Charlestown

Filter Charlestown’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Charlestown, IN

Are rents high in Charlestown, IN?

Average rent in Charlestown, IN is approximately $1,636/mo per month. Against $309K home values that yields a reasonable rent-to-price ratio.

Do rentals sit vacant long in Charlestown, IN?

Charlestown, IN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.

What real estate strategy is ideal for Charlestown, IN?

Investors who focus on careful cash-flow rentals with hands-on management typically do well in Charlestown, IN. The numbers - $309K homes against $1,636/mo rents - support that play.

How strong is tenant demand in Charlestown, IN?

The tenant pool in Charlestown, IN is solid, supported by local employment and population fundamentals. Rents of $1,636/mo are well-absorbed by the market.

Is Charlestown, IN good for landlords?

Rental owners in Charlestown, IN deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.

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