Real Estate Investing in Glenwood, Indiana (46133)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46133 (Glenwood, 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.
• 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 Glenwood, IN (46133)?
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Market Analysis: 46133 Glenwood
This part of Rush County is not an easy win. The 46133 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 46133 is robust only for operators who understand what they are buying. A $203K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 46133 among IN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
From a cash-flow lens, 996 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 46133 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Glenwood:
Property Strategy for 46133
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $142,189 | $1,020 | 5.2% | +9.4% | $71,094 |
| 3BR | $222,708 | $1,240 | 4.0% | +9.3% | $74,236 |
Market Trends
Home Value History (with trend line)
📊 How Does 46133 Compare?
| Metric | 46133 | Glenwood | Connersville, IN | Indiana |
|---|---|---|---|---|
| Home Value | $202,613 | $202,613 | N/A | $248,442 |
| 5-Year CAGR | 7.3% | 7.3% | N/A | 7.7% |
| Avg Rent | $918 | $918 | 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 46133 (Glenwood, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $202,613 |
| Monthly Rent | $918 |
| Price-to-Rent | 18.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 46133
Population: 996
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
Is housing expensive in Glenwood, IN?
Glenwood, IN home values average about $203K. That price point suits investors targeting rentals with $918/mo in monthly income.
How landlord-friendly is Glenwood, IN?
The landlord environment in Glenwood, IN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Does house hacking make sense in Glenwood, IN?
House hacking in Glenwood, IN is reasonable to execute. Prices around $203K and rents of $918/mo solid owner-occupant economics.
What is the average monthly rent in Glenwood, IN?
Rent in Glenwood, IN is around $918/mo. The resulting rent-to-value relationship with $203K pricing is reasonable for most investor models.
Is it easy to find good tenants in Glenwood, IN?
Tenant demand in Glenwood, IN is solid. The local workforce $918/mo rents across most rental classes.
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