Real Estate Investing in Alexandria, Indiana (46001)
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Should you buy in 46001 (Alexandria, IN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 19.1% of homes vacant — above national norms.
What’s happening in Alexandria, IN (46001)?
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Market Analysis: 46001 Alexandria
ZIP 46001 in Alexandria, IN carries a impressive set of headwinds. Home values near $184K and rents of $982/mo sit inside a market where underwriting has to be tight.
The investment case in 46001 is healthy only for operators who understand what they are buying. A $184K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Alexandria have seen price recovery that 46001 has not matched. Madison County data supports the view that the spread is structural rather than temporary.
The demographic picture in 46001 includes headwinds that any investor should price in. Income distribution skews lower than Alexandria averages, and tenant stability requires active management.
Distressed ZIPs reward experience. impressive returns are possible in 46001, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Alexandria:
Property Strategy for 46001
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $121,477 | $1,100 | 6.5% | +9.4% | $60,738 |
| 3BR | $188,186 | $1,450 | 5.5% | +8.9% | $62,729 |
| 4BR | $231,636 | $1,460 | 4.5% | +8.8% | $57,909 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 46001 Compare?
| Metric | 46001 | Alexandria | Indianapolis-Carmel-Anderson, IN | Indiana |
|---|---|---|---|---|
| Home Value | $184,412 | $184,412 | N/A | $248,442 |
| 5-Year CAGR | 6.7% | 6.7% | N/A | 7.7% |
| Avg Rent | $982 | $982 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 46001 (Alexandria, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $184,412 |
| Monthly Rent | $982 |
| Price-to-Rent | 15.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +8.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 46001
Population: 10,481
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 46001
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,042 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are rental rates like in Alexandria, IN?
Rent in Alexandria, IN is around $982/mo. The resulting rent-to-value relationship with $184K pricing is reasonable for most investor models.
What investment strategy works best in Alexandria, IN?
The best-fit strategy in Alexandria, IN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Alexandria, IN a good place for real estate investing?
Alexandria, IN rates 3.0/5 for investability. With median values at $184K and rents near $982/mo, the market offers reasonable fundamentals for rental investors.
How quickly do rentals get leased in Alexandria, IN?
Occupancy in Alexandria, IN runs stable with elevated vacancy. Well-priced units at $982/mo lease on reasonable timelines.
Is the tenant base reliable in Alexandria, IN?
Alexandria, IN draws a stable base of working renters. Demand at the $982/mo rent level is reasonable for standard single-family and small multi rentals.
You know 46001 now. You don’t know where it ranks.
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How 46001 ranks in Indianapolis-Carmel-Anderson, IN
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