Real Estate Investing in Fairland, Indiana (46126)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46126 (Fairland, 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.
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 Fairland, IN (46126)?
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Market Analysis: 46126 Fairland
This part of Shelby County is not an easy win. The 46126 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 46126 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 46126 sits on the difficult end of the IN spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 46126 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Fairland's stable or hybrid ZIPs before stepping into 46126. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Fairland:
Property Strategy for 46126
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $174,963 | $1,100 | 4.5% | +9.3% | $87,482 |
| 3BR | $267,674 | $1,440 | 3.9% | +8.3% | $89,225 |
| 4BR | $386,287 | $1,730 | 3.2% | +7.7% | $96,572 |
Market Trends
Home Value History (with trend line)
📊 How Does 46126 Compare?
| Metric | 46126 | Fairland | Indianapolis-Carmel-Anderson, IN | Indiana |
|---|---|---|---|---|
| Home Value | $273,624 | $273,624 | N/A | $248,442 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 7.7% |
| Avg Rent | $990 | $990 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 46126 (Fairland, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $273,624 |
| Monthly Rent | $990 |
| Price-to-Rent | 23.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (2.8%). 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 46126
Population: 3,976
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 46126
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
Frequently Asked Questions
How much should I expect to pay for a home in Fairland, IN?
Typical homes in Fairland, IN go for around $274K. The 5-year CAGR of 0.0% consistent price movement.
Are tenants stable in Fairland, IN?
Working renters make up the core of the Fairland, IN tenant base. The pool is reasonable for investors targeting long-term holds.
How strict are landlord regulations in Fairland, IN?
Fairland, IN operates under IN law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
Does house hacking make sense in Fairland, IN?
House hacking works a challenging in Fairland, IN. Rents of $990/mo against $274K acquisition make the strategy solid for owner-occupants.
What is the investability score for Fairland, IN?
Fairland, IN posts an investability rating of 3.0/5, with median home values near $274K and average rents around $990/mo. That combination puts it in the impressive tier for investor interest.
You know 46126 now. You don’t know where it ranks.
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How 46126 ranks in Indianapolis-Carmel-Anderson, IN
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