Real Estate Investing in Waldron, Indiana (46182)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46182 (Waldron, 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 Waldron, IN (46182)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 46182 Waldron
The 46182 ZIP in Waldron, IN is a local-operator market. Outside capital chasing a $242K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $242K asset, 46182 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader IN picture, 46182 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 46182 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 46182 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 Waldron:
Property Strategy for 46182
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $179,085 | $1,560 | 6.3% | +9.5% | $89,543 |
| 3BR | $243,613 | $2,020 | 6.0% | +8.8% | $81,204 |
| 4BR | $294,864 | $2,470 | 6.0% | +8.6% | $73,716 |
Market Trends
Home Value History (with trend line)
📊 How Does 46182 Compare?
| Metric | 46182 | Waldron | Indianapolis-Carmel-Anderson, IN | Indiana |
|---|---|---|---|---|
| Home Value | $241,950 | $243,749 | N/A | $248,442 |
| 5-Year CAGR | 5.8% | 6.1% | N/A | 7.7% |
| Avg Rent | $1,404 | $1,269 | N/A | - |
| Cap Rate | 4.5% | 4.1% | - | - |
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 46182 (Waldron, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 46182 (Waldron, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $241,950 |
| Monthly Rent | $1,404 |
| Price-to-Rent | 14.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.5% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +1.9% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (4.5%). 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 46182
Population: 1,670
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 46182
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.
Frequently Asked Questions
Is Waldron, IN a good market for buy-and-hold investors?
Our data puts Waldron, IN at 3.0/5 for investability. Home prices of $242K and rents around $1,404/mo create a solid backdrop for investor activity.
What are rental rates like in Waldron, IN?
Rental rates in Waldron, IN average $1,404/mo. Tenant demand and $242K home values make the yield look reasonable by investor standards.
Can I live-in-and-rent in Waldron, IN?
House hacking in Waldron, IN is a challenging. With home values around $242K and rents at $1,404/mo, owner-occupants can offset a meaningful share of PITI.
What kind of vacancy should I budget for in Waldron, IN?
Occupancy in Waldron, IN runs steady with elevated vacancy. Well-priced units at $1,404/mo lease on reasonable timelines.
Is Waldron, IN better for rentals, flips, or BRRRR?
Waldron, IN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($242K prices, $1,404/mo rents) make it a reasonable choice.
You know 46182 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 46182 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 46182 ranks in Indianapolis-Carmel-Anderson, IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 46182 (Waldron)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 46182 (Waldron, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.