Real Estate Investing in Colfax, Indiana (46035)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46035 (Colfax, IN)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Colfax, IN (46035)?
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Market Analysis: 46035 Colfax
ZIP 46035 inside Clinton County looks affordable on the surface — median value of $224K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $990/mo on a $224K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 46035 sits below the stated 0.0% once reality is priced in.
The gap between 46035 and stronger Colfax ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 46035 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 46035 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Colfax:
Property Strategy for 46035
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $161,062 | $1,100 | 4.9% | +12.7% | $80,531 |
| 3BR | $226,251 | $1,440 | 4.6% | +9.7% | $75,417 |
Market Trends
Home Value History (with trend line)
📊 How Does 46035 Compare?
| Metric | 46035 | Colfax | Frankfort, IN | Indiana |
|---|---|---|---|---|
| Home Value | $223,578 | $223,578 | N/A | $248,442 |
| 5-Year CAGR | 8.6% | 8.6% | N/A | 7.7% |
| Avg Rent | $990 | $990 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
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 46035 (Colfax, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $223,578 |
| Monthly Rent | $990 |
| Price-to-Rent | 18.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.5% |
| 5-Year IRR | 12.1% |
📈 Home Appreciation
| 1-Year | +9.9% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +8.6% ▲ |
| 10-Year CAGR | +9.5% ▲ |
🏠 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 (3.5%). 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 46035
Population: 1,317
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
Frequently Asked Questions
How strong is the working-renter base in Colfax, IN?
Tenant demand in Colfax, IN is solid. The local workforce $990/mo rents across most rental classes.
How does Colfax, IN stack up for property investment?
Yes - Colfax, IN a 3.0/5 investability score. With $224K home prices against $990/mo monthly rent, the market delivers a reasonable entry point for new investors.
How do home values compare in Colfax, IN?
In Colfax, IN the median home value sits at $224K. Against the broader IN market, that reads as reasonable for most investors.
Is IN a landlord-friendly state?
Landlord-friendliness in Colfax, IN is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What investment strategy works best in Colfax, IN?
In Colfax, IN the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $224K prices and $990/mo rents suits that approach.
You know 46035 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 46035 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 46035 ranks in Frankfort, IN
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