Real Estate Investing in Hamilton, Indiana

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

1 ZIP codes • Population: 3,126 • Steuben County

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

🏠 For Homebuyers
CAUTION
Grade D (48/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 34.6% of homes vacant — above national norms.

What’s happening in Hamilton, IN?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.9% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $370,193
Avg Monthly Rent $918
ZIP Codes 1

Investing in Hamilton Real Estate

With a sizable population across 1 ZIPs, Hamilton shows the kind of lackluster fundamentals that keep most out-of-state capital on the sidelines.

The investment case for Hamilton is difficult to make on screen data alone. a harder case for a 3.0 rating and a cap rate of 0.0% that looks fine only until you underwrite the vacancy.

firmly Hamilton's sale market has not rewarded patience. a stretch for listings sit longer, price cuts are common, and rent growth has been flat to negative in multiple ZIPs.

The 0% renter share in Hamilton masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

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 Angola, IN

Hamilton 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
$370,193
Avg Monthly Rent
$918
1% Rule
✗ Below
Landlord Friendly (IN)

📉 Market Crash Risk Index

Based on Angola, IN metro

2/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
2/3
61%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Angola, IN metro
0
Days to pending
8.9%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Hamilton, IN

Screen every ZIP in Hamilton

Filter Hamilton’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 Hamilton, IN

Is real estate in Hamilton, IN a good investment right now?

Investors tracking Hamilton, IN will find a 3.0/5 rating supported by $370K median home values and $918/mo rents. That profile suits long-term holders targeting steady returns.

Is Hamilton, IN better for rentals, flips, or BRRRR?

The best-fit strategy in Hamilton, IN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.

How do home values compare in Hamilton, IN?

The median home value in Hamilton, IN is roughly $370K. That puts it reasonable relative to the IN statewide average.

Is Hamilton, IN good for landlords?

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

Do rentals sit vacant long in Hamilton, IN?

Occupancy in Hamilton, IN runs even-keeled with elevated vacancy. Well-priced units at $918/mo lease on reasonable timelines.

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