Real Estate Investing in Lewis, Indiana

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

1 ZIP codes • Population: 952 • Clay County

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

🏠 For Homebuyers
GOOD FIT
Grade B (76/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 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
  • Elevated poverty: 45.8% poverty rate — can affect rent collection.

What’s happening in Lewis, IN?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.3% 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 $214,075
Avg Monthly Rent $900
ZIP Codes 1

Investing in Lewis Real Estate

Lewis, IN covers 1 ZIP codes and a population but the investment metrics here are subdued — this is not a market to enter casually.

Investors considering Lewis, IN should understand what the ★★★☆☆ rating represents — a market with material structural headwinds, not a temporary rough patch.

Rent trends and price trends in Lewis are both soft, which is the uncomfortable combination that defines distressed-leaning markets in Indiana.

A an established population with $N/AK household income profile is what makes Lewis 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 Terre Haute, IN

Lewis 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
$214,075
Avg Monthly Rent
$900
1% Rule
✗ Below
Landlord Friendly (IN)

📉 Market Crash Risk Index

Based on Terre Haute, IN metro

3/10
Moderate Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
2/3
60%
Days Pending
1/2
48 days

View all metro crash risk rankings →

⚖️ Balanced Market — Terre Haute, IN metro
48
Days to pending
9.7%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Lewis, IN

Screen every ZIP in Lewis

Filter Lewis’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 Lewis, IN

How expensive is real estate in Lewis, IN?

The median home value in Lewis, IN is roughly $214K. That puts it reasonable relative to the IN statewide average.

How qualified is the tenant pool in Lewis, IN?

The tenant pool in Lewis, IN is solid, supported by local employment and population fundamentals. Rents of $900/mo are well-absorbed by the market.

What investment strategy works best in Lewis, IN?

Most investors in Lewis, IN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.

How do landlord-tenant laws work in Lewis, IN?

IN law landlord-friendly for landlords, and Lewis inherits those rules. Investors should still review local ordinances for rental licensing.

What does house hacking look like in Lewis, IN?

For house hackers, Lewis, IN is a challenging. The $900/mo rent on a unit helps defray the mortgage on a $214K property.

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