Real Estate Investing in Russellville, Indiana (46175)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46175 (Russellville, 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.
- High vacancy: 16.4% of homes vacant — above national norms.
• 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 Russellville, IN (46175)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 46175 Russellville
The 46175 ZIP in Russellville, IN is a local-operator market. Outside capital chasing a $205K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 46175 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 46175 among IN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 46175 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 46175 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 Russellville:
Market Trends
Home Value History (with trend line)
📊 How Does 46175 Compare?
| Metric | 46175 | Russellville | Indianapolis-Carmel-Anderson, IN | Indiana |
|---|---|---|---|---|
| Home Value | $205,156 | $205,156 | N/A | $248,442 |
| 5-Year CAGR | 8.6% | 8.6% | N/A | 7.7% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
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 46175 (Russellville, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 46175 (Russellville, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $205,156 |
| Monthly Rent | $963 |
| Price-to-Rent | 17.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 12.3% |
📈 Home Appreciation
| 1-Year | +9.7% ▲ |
| 3-Year CAGR | +10.2% ▲ |
| 5-Year CAGR | +8.6% ▲ |
| 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%) exceeds the estimated cap rate (3.7%). 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 46175
Population: 451
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What are rental rates like in Russellville, IN?
Average rent in Russellville, IN is approximately $963/mo per month. Against $205K home values that yields a reasonable rent-to-price ratio.
How strict are landlord regulations in Russellville, IN?
Russellville, IN operates under IN law, which is landlord-friendly overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
What type of investing works in Russellville, IN?
A careful cash-flow rentals with hands-on management strategy Russellville, IN best. The market produces predictable results for that approach at the $205K price point.
Is house hacking profitable in Russellville, IN?
House hacking works a challenging in Russellville, IN. Rents of $963/mo against $205K acquisition make the strategy solid for owner-occupants.
How deep is the rental pool in Russellville, IN?
Expect a solid tenant pool in Russellville, IN. The rental market absorbs $963/mo rents without meaningful friction.
You know 46175 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 46175 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 46175 ranks in Indianapolis-Carmel-Anderson, IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 46175 (Russellville)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 46175 (Russellville, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.