Real Estate Investing in Highland, Indiana (46322)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46322 (Highland, IN)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
What’s happening in Highland, IN (46322)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 46322 Highland
ZIP 46322 in Highland, IN carries a impressive set of headwinds. Home values near $271K and rents of $1,594/mo sit inside a market where underwriting has to be tight.
Rent of $1,594/mo on a $271K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 46322 sits below the stated 0.0% once reality is priced in.
Put differently, 46322 offers a low basis, the region around Highland has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A solid renter share of 21% in 46322 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. solid returns are possible in 46322, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Highland:
Property Strategy for 46322
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $222,826 | $1,470 | 4.7% | +6.7% | $111,413 |
| 3BR | $270,441 | $1,800 | 4.8% | +6.8% | $90,147 |
| 4BR | $326,175 | $1,950 | 4.3% | +6.3% | $81,544 |
| 5BR | $366,264 | — | — | +6.0% | $73,253 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 46322 Compare?
| Metric | 46322 | Highland | Indiana |
|---|---|---|---|
| Home Value | $271,497 | $271,497 | $248,442 |
| 5-Year CAGR | 4.8% | 4.8% | 7.7% |
| Avg Rent | $1,594 | $1,594 | - |
| Cap Rate | 4.6% | 4.6% | - |
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 46322 (Highland, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 46322 (Highland, IN)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Lake County
Manage rentals here? List your business →Rose Real Estate offers property management and real estate services in Munster, Northwest Indiana, and Chicagoland areas, including residential, association, and commercial management. summary from their website
Caribou Property Management offers property management services. summary from their website
Great Oaks Realty and Property Management, LLC is a full-service real estate and property management company that helps with home buying, selling, and property management. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $271,497 |
| Monthly Rent | $1,594 |
| Price-to-Rent | 14.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.6% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 Rent Trends
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.6%). 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 46322
Population: 23,749
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 46322
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Ernest R Elliott Elementary School
James B Eads Elementary School
Morton Elementary School
Warren G Harding Elementary School
Beiriger Elementary School
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What is the average monthly rent in Highland, IN?
Rental rates in Highland, IN average $1,594/mo. Tenant demand and $271K home values make the yield look reasonable by investor standards.
Are there empty rentals in Highland, IN?
Rental vacancy in Highland, IN is elevated. Investors should budget normal turnover but not chronic empty units.
How does Highland, IN rate as a rental market?
Yes - Highland, IN a 3.0/5 investability score. With $271K home prices against $1,594/mo monthly rent, the market delivers a reasonable entry point for new investors.
Are landlord laws favorable in Highland, IN?
IN law landlord-friendly for landlords, and Highland inherits those rules. Investors should still review local ordinances for rental licensing.
What is the median home value in Highland, IN?
Median home price in Highland, IN is near $271K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
You know 46322 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 46322 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 46322 ranks in Chicago-Naperville-Elgin, IL-IN-WI
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 46322 (Highland)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 46322 (Highland, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.