Real Estate Investing in Ingalls, Indiana (46048)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46048 (Ingalls, 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.
- Elevated vacancy: 10.0% vacancy may signal weakening demand.
What’s happening in Ingalls, IN (46048)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 46048 Ingalls
The 46048 ZIP covers a section of Ingalls that demands careful diligence. Prices near $224K look accessible, but the work to make a deal cash flow is real.
Rent of $1,847/mo on a $224K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 46048 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 46048 among IN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A resilient renter share of 20% in 46048 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. robust returns are possible in 46048, 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 Ingalls:
Property Strategy for 46048
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $138,804 | $1,690 | 8.8% | +9.8% | $69,402 |
| 3BR | $221,529 | $2,230 | 7.2% | +8.7% | $73,843 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 46048 Compare?
| Metric | 46048 | Ingalls | Indianapolis-Carmel-Anderson, IN | Indiana |
|---|---|---|---|---|
| Home Value | $224,240 | $224,240 | N/A | $248,442 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 7.7% |
| Avg Rent | $1,847 | $1,847 | N/A | - |
| Cap Rate | 6.4% | 6.4% | - | - |
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 46048 (Ingalls, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $224,240 |
| Monthly Rent | $1,847 |
| Price-to-Rent | 10.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.9% |
| Cap Rate | 6.4% |
| 5-Year IRR | 12.6% |
📈 Home Appreciation
| 1-Year | +3.4% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +9.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.4%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 46048
Population: 2,209
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 46048
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Fortville Elementary School
Geist Elementary School
Mt Vernon High School
Mt Vernon Middle School
Mt Vernon Early Learning Academy
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
Frequently Asked Questions
How do home values compare in Ingalls, IN?
Homes in Ingalls, IN typically sell near $224K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
Can owner-occupants cash flow in Ingalls, IN?
Ingalls, IN offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,847/mo rent level.
Should investors consider Ingalls, IN?
With a 3.0/5 investability score, Ingalls, IN ranks as a solid market for rental property investors. Median prices of $224K and rents of $1,847/mo drive the underlying numbers.
What do rentals go for in Ingalls, IN?
Average rent in Ingalls, IN is approximately $1,847/mo per month. Against $224K home values that yields a reasonable rent-to-price ratio.
How do landlord-tenant laws work in Ingalls, IN?
IN law landlord-friendly for landlords, and Ingalls inherits those rules. Investors should still review local ordinances for rental licensing.
You know 46048 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 46048 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 46048 ranks in Indianapolis-Carmel-Anderson, IN
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