Real Estate Investing in North Judson, Indiana (46366)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46366 (North Judson, 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.
- High vacancy: 15.1% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in North Judson, IN (46366)?
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Market Analysis: 46366 North Judson
Not every below-median market is a bargain. North Judson's 46366 ZIP shows signals that favor experienced operators who can absorb the risk $219K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 46366 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within IN, ZIP 46366 trails on several market indicators that neighboring Starke County submarkets outperform. The gap is real and notable enough to shape underwriting.
The 46366 ZIP's population of 5,672 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
Strategy in 46366 is an operator game, not a passive one. Put differently, entry prices of $219K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in North Judson:
Property Strategy for 46366
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $157,281 | $990 | 4.5% | +10.2% | $78,640 |
| 3BR | $221,499 | $1,190 | 3.9% | +9.4% | $73,833 |
| 4BR | $244,281 | $1,570 | 4.6% | +8.8% | $61,070 |
Market Trends
Home Value History (with trend line)
📊 How Does 46366 Compare?
| Metric | 46366 | North Judson | Indiana |
|---|---|---|---|
| Home Value | $219,194 | $219,194 | $248,442 |
| 5-Year CAGR | 7.1% | 7.1% | 7.7% |
| Avg Rent | $891 | $891 | - |
| Cap Rate | 3.2% | 3.2% | - |
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 46366 (North Judson, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $219,194 |
| Monthly Rent | $891 |
| Price-to-Rent | 20.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 (3.2%). 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 46366
Population: 5,672
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 46366
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What is the typical home price in North Judson, IN?
Homes in North Judson, IN typically sell near $219K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
How much rent can I charge in North Judson, IN?
Rents in North Judson, IN run near $891/mo. Compared with median home prices of $219K that produces solid gross yields for typical rentals.
How qualified is the tenant pool in North Judson, IN?
Expect a solid tenant pool in North Judson, IN. The rental market absorbs $891/mo rents without meaningful friction.
Is North Judson, IN a good market for FHA house hackers?
North Judson, IN offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $891/mo rent level.
What is the best play in North Judson, IN?
North Judson, IN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($219K prices, $891/mo rents) make it a reasonable choice.
You know 46366 now. You don’t know where it ranks.
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