Real Estate Investing in Wilkinson, Indiana (46186)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46186 (Wilkinson, IN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
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 Wilkinson, IN (46186)?
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Market Analysis: 46186 Wilkinson
In practical terms, ZIP 46186 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $285K median. It rewards specialists, not generalists.
The 46186 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 46186's metrics run below Hancock County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 46186 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Wilkinson:
Property Strategy for 46186
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $177,105 | $1,320 | 5.4% | +8.6% | $88,552 |
| 3BR | $287,102 | $1,710 | 4.3% | +8.5% | $95,701 |
| 4BR | $315,422 | $1,910 | 4.4% | +8.8% | $78,856 |
Market Trends
Home Value History (with trend line)
📊 How Does 46186 Compare?
| Metric | 46186 | Wilkinson | Indianapolis-Carmel-Anderson, IN | Indiana |
|---|---|---|---|---|
| Home Value | $285,163 | $285,163 | N/A | $248,442 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 7.7% |
| Avg Rent | $1,188 | $1,188 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
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 46186 (Wilkinson, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $285,163 |
| Monthly Rent | $1,188 |
| Price-to-Rent | 20.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (3.3%). 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 46186
Population: 1,762
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
How much rent can I charge in Wilkinson, IN?
Wilkinson, IN rentals go for roughly $1,188/mo a month. That puts gross yield in solid territory relative to $285K acquisition costs.
What is it like being a landlord in Wilkinson, IN?
IN ranks as a landlord-friendly state for landlord-tenant law. Wilkinson generally follows the statewide framework, so landlords face reasonable operating rules.
Should investors worry about vacancy in Wilkinson, IN?
Vacancy in Wilkinson, IN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,188/mo.
What is the tenant pool like in Wilkinson, IN?
The tenant pool in Wilkinson, IN is solid, supported by local employment and population fundamentals. Rents of $1,188/mo are well-absorbed by the market.
How does Wilkinson, IN stack up for property investment?
Wilkinson, IN stands at an investability rating of 3.0/5, with median home values near $285K and average rents around $1,188/mo. That combination puts it in the impressive tier for investor interest.
You know 46186 now. You don’t know where it ranks.
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How 46186 ranks in Indianapolis-Carmel-Anderson, IN
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