Real Estate Investing in Manilla, Indiana (46150)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46150 (Manilla, 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 Manilla, IN (46150)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 46150 Manilla
This part of Rush County is not an easy win. The 46150 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 46150 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 46150 among IN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
On balance, 860 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.
New investors are better served looking at Manilla's stable or hybrid ZIPs before stepping into 46150. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Manilla:
Market Trends
Home Value History (with trend line)
📊 How Does 46150 Compare?
| Metric | 46150 | Manilla | Indianapolis-Carmel-Anderson, IN | Indiana |
|---|---|---|---|---|
| Home Value | $239,620 | $239,620 | N/A | $248,442 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 7.7% |
| Avg Rent | $1,098 | $1,098 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
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 46150 (Manilla, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 46150 (Manilla, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $239,620 |
| Monthly Rent | $1,098 |
| Price-to-Rent | 18.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (3.6%). 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 46150
Population: 860
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
Where do rents currently stand in Manilla, IN?
The typical rental in Manilla, IN commands about $1,098/mo monthly. That rent profile measured cash flow against the $240K purchase basis.
What is the typical home price in Manilla, IN?
Homes in Manilla, IN typically sell near $240K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
How tight is the rental market in Manilla, IN?
Vacancy risk in Manilla, IN is elevated. That supports even-keeled cash flow for typical rental holds.
Is the tenant base reliable in Manilla, IN?
Tenant demand in Manilla, IN is solid. The local workforce $1,098/mo rents across most rental classes.
How does Manilla, IN rate as a rental market?
Manilla, IN scores 3.0/5 for investability. Home values sit at $240K and rents near $1,098/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 46150 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 46150 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 46150 ranks in Indianapolis-Carmel-Anderson, IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 46150 (Manilla)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 46150 (Manilla, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.