Real Estate Investing in Falmouth, Indiana (46127)
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Should you buy in 46127 (Falmouth, IN)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated poverty: 44.8% poverty rate — can affect rent collection.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Falmouth, IN (46127)?
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Market Analysis: 46127 Falmouth
ZIP 46127 inside Rush County looks affordable on the surface — median value of $255K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 46127 can be a worth a close look for hunting ground — but the discount at $255K reflects genuine risk that outside investors often underestimate.
Within IN, ZIP 46127 trails on several market indicators that neighboring Rush County submarkets outperform. The gap is real and notable enough to shape underwriting.
The demographic picture in 46127 includes headwinds that any investor should price in. Income distribution skews lower than Falmouth averages, and tenant stability requires active management.
The 46127 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Falmouth:
Market Trends
Home Value History (with trend line)
📊 How Does 46127 Compare?
| Metric | 46127 | Falmouth | Connersville, IN | Indiana |
|---|---|---|---|---|
| Home Value | $255,386 | $255,386 | N/A | $248,442 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 7.7% |
| Avg Rent | $882 | $882 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 46127 (Falmouth, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $255,386 |
| Monthly Rent | $882 |
| Price-to-Rent | 24.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (2.7%). 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 46127
Population: 431
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
What is the investability score for Falmouth, IN?
The 3.0/5 investability rating in Falmouth, IN reflects its $255K prices and $882/mo rents. Investors generally consider it a solid option within IN.
What kind of vacancy should I budget for in Falmouth, IN?
Rental vacancy in Falmouth, IN is elevated. Investors should budget normal turnover but not chronic empty units.
What are rental rates like in Falmouth, IN?
Rents in Falmouth, IN run near $882/mo. Compared with median home prices of $255K that produces solid gross yields for typical rentals.
What approach is best for Falmouth, IN real estate?
For Falmouth, IN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How do home values compare in Falmouth, IN?
Median home price in Falmouth, IN is near $255K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
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